Snap shares plunge 30% in the wake of quarterly loss, layoffs

Shares of Snapchat parent Snap plunged on Tuesday after the company reported a loss in the final three months of 2023. Snap reported a net loss of $248 million for the December quarter, an improvement from the same period in the prior year and a narrower loss than Wall Street analysts had expected. Still, shares fell around 30 per cent in after-hours trading Tuesday. Read The Rest at :