“While the continued growth of our community increases the long-term opportunity for our business, our financial results for Q2 do not reflect our ambition,” Evan Spiegel, Snap CEO, said in the earnings release. Looking To Diversify in a Bear Market? Consider These 6 Alternative Investments Learn: How To Invest Like a Millionaire During a Bear Market Snap shares were down 38.89% on July 22, following disappointing second-quarter earnings – a quarter which “proved more challenging than we expected,” according to a July 21 letter to investors.
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