Snap sinks on Wall Street, -35% with disappointing quarterly. Revenues rising by 5% to 1.36 billion dollars, below analysts' expectations.
Losses fell to 248 million from 288 million in the same period of the previous year. (HANDLE) . Snap, the company that owns Snapchat, is in sharp decline on Wall St where its shares drop by 35%. The disappointing quarterly results weighed heavily, with revenues rising by 1.2 billion dollars.