Snap stock slides after analyst says the company is 'quickly running out of money'


“While it is not surprising to see costs outweigh revenues for companies in hyper-growth mode, is Snap still considered to be one of these trailblazing companies?” Nathanson wrote. He said Snapchat might be reaching its peak as its daily active users, a key metric, fell in North America and all other markets in the second quarter of this year.



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