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Snap’s User Numbers Drop

Snapchat showed its first-ever decline in daily active users—by 3 million to 188 million— but it also topped Wall Street’s revenue estimates. The two messages essentially counteracted each other and Snap’s stock was flat in after hours trading. The company tried to divert attention from its loss of DAUs by announcing that it had around 100 million monthly active users—the first time it has...

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