Trending: Microsoft invests $1 billion in OpenAI, vows to build AI tech platform of ‘unprecedented scale’

Snapchat parent Snap posted a net loss of $443 million in its second quarter as a public company, sending its stock down 14 percent in after-hours trading Thursday. Last year at this time, before it went public, Snap posted a loss of $105 million. Snap says it has added 30.5 million users in the last year, with a total of 173 million at the end of the second quarter. Snap has now posted losses of $2.65 billion in the first six months of the year, most of that coming from $2 billion in stock-based compensation costs related to the company’s March IPO.

(Flickr Creative Commons Photo / laughingdemon)
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