(Reuters) – Snapchat-owner Snap Inc on Tuesday reported lower-than-expected daily active users for the third quarter, amid stiff competition from Facebook Inc’s Instagram, sending the company’s shares down more than 18 percent in extended trading.

Snap’s shares tumble as user growth fall short of expectations

Any comments?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: