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Snap posts $2.2B loss

Posted online May 11, 2017 | 11:34 am

Snap, the parent of messaging app Snapchat, yesterday reported a $2.2 billion loss in the first quarter.

Shares of the newly public company dropped by more than 25 percent in after-hours trading.

Snap held its initial public offering in March.

Read more from The New York Times.

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