Snap shares down 13% after quarterly loss of $443 million
Earnings season upon us and Snap Inc., formerly known as Snapchat, released its earnings report for the quarter that just ended. Suffice it to say, the recent June quarter was an important one for Snap Inc., especially as Facebook continues to steal features from Snapchat and implement them with great success. Indeed, Snap Inc. for some time has been actively exploring various ways to increase revenue, boost users, and diversify their business. To this point, recent rumors claim that the company may have recently acquired Zero Zero Robotics, a selfie-taking drone company.
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