Snap's Struggles Continue: Stock Plunges on Revenue Miss and Lack of Growth
Snap, the parent company of Snapchat, recorded declining and weaker-than-expected quarterly revenue, causing its shares to fall. While other social media companies like Facebook and Pinterest are experiencing revenue growth, Snap is struggling to handle business pressures and maintain its status as a growth company with no growth. Investors are hoping that Snap's cofounders will follow in the footsteps of Mark Zuckerberg and aggressively shrink their footprint and ambitions.