Gadgetory

snap lost 2.2 billion dollars in one quarter the social network landscape has a lot of big players but will snap and remain one of them the company behind snapchat posted its first-ever quarterly earnings report and it's not good snap reported a loss of 2.2 billion dollars that's what the be most of that loss is made up of nearly two billion dollars in stock based payouts last year at the same time snap says in loss of bit over one hundred and four million dollars which seems like nothing compared to this year snap has had a lot of competition from Facebook Facebook is essentially clone snapchat in its apps including Instagram snap says it now has 166 million daily active users during its IPO in March of this year snap had 150 million daily active users Instagram on the other hand has managed to grab more than 200 million people using a snapchat II feature stories since its introduction in August of 2016 snap did announce it pulled in nearly one hundred and fifty million dollars in revenue which is about four times as much as it did last year during the same time period however that amount of revenue was lower than analysts projections of around 158 million dollars for more information check out soo Netcom am i as act tired I'll see you online