Snap losses widened by 280% from last year to $443 million
Snap on Thursday reported that its losses have widened by over 280% from last year to $443 million in Q2 2017. Snap added 7.3 million daily active users to reach 173 million with a 4.2% growth rate, slower than the previous quarter. After the disclosure of its earnings report, Snap's shares fell more than 16 percent.