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Snapchat is nearing 1 billion monthly users. Why can't it turn a profit? [Los Angeles Times (CA)]

Snap Inc. Class A  (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
PDF The company has seen growth in developing countries, but usage declined in valuable U.S. and European markets. The company is investing in augmented reality glasses, [Read more]