Snap drops 11% as user growth disappoints in Q2 2020

ByJerome Smith
snap-drops-11%-as-user-growth-disappoints-in-q2-2020

http://feedproxy.google.com/~r/venturebeat/SZYF/~3/JO0nttAqHYY/

(Reuters) — Snap said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast fewer current-quarter users than the Wall Street consensus. Shares of Snap fell 11% in after-hours trading before paring losses to around 6%.  » ….