Snap shares drop 25% as revenue falls short, Apple privacy bites ads business
The Hindu
The Santa Monica, California-based company, which owns photo messaging app Snapchat, earns the vast majority of its revenue from selling digital advertising on the app.
Snap Inc on Thursday fell short of Wall Street estimates for quarterly revenue as the company said hurt the company's ability to target and measure its digital advertising, sending its shares down 25%.
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The Santa Monica, California-based company, which owns photo messaging app Snapchat, earns the vast majority of its revenue from selling digital advertising on the app.
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