Snap Misses Q4 Forecasts, Stock Plunges Sharply
Snap’s revenue came in lighter than expected and its net loss was wider than anticipated — leading the Snapchat parent’s stock to drop more than 30% in after-hours trading Tuesday. Snap reported fourth-quarter 2023 revenue $1.361 billion, up 5% year-over-year, and a net loss of $248 million, or a loss of 15 cents per share. […]