Snap’s stock price went down the drain during afterhours trading following the report of the first quarter earnings. The stock dropped by more than 15 percent or approximately one-sixth of its worth. Even though the app recorded an increase in global users by four million or thereabouts since the last quarter, it made less money per user. During the previous quarter, the company made $1.53 per user globally, or $286 million in total revenue. This quarter, the returns per user has dropped to $1.21 per user and $231 million in revenue. That notwithstanding, is a major growth compared to what
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