Snap’s Q2 earnings was another failure on a long, downward path for the social media company as user growth slowed under the pressure of Instagram. Snap added 7 million daily active users to reach 173 million with a 4.2% growth rate, slower than the 5% growth that got it to 166 million DAU in Q1. Snap missed on revenue that reached $181 million with a loss of -$0.16 earnings per share. Read More

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