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Snap’s Growth Slows Further Amid Tech Downturn

Por: The New York Times Tech January 31, 2023

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, the maker of the messaging app Snapchat, on Tuesday posted its slowest-ever rate of quarterly growth and swung to a net loss, in another sign of the tech industry’s slowdown.Revenue was $1.3 billion for the fourth quarter, up 0.1 percent from a year earlier. The company’s net loss totaled $288 million, as spending increased nearly 20 percent from a year earlier. Snap had reported its first and only quarterly profit as a public company a... + full article



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