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Snap’s Sales Fall for First Time as a Public Company

Por: The New York Times Tech April 28, 2023

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The News, the parent company of Snapchat, on Thursday that its revenue had fallen for the first time since it went public as the app maker struggled to adjust to a difficult economic environment.Revenue for the first quarter was $989 million, down 7 percent from the same period last year. That was below Wall Street estimates of $1 billion. The company said demand for its ads was “disrupted” by upgrades it made to the platform it sells ads... + full article



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