Snap just reported its first quarter of results since their IPO, and the initial reaction is far from positive.
A solid synopsis from Matthew Lynley at TechCrunch:
"The company said it brought in $149.6 million in revenue in the first quarter this year. It also said it lost $2.31 per share, though most of that was due to expenses related to stock-based compensation. Meanwhile, analysts expected the company to report an adjusted loss of 16 cents per share on revenue of around $158 million. In short, it doesn’t look good — and it looks like its user growth came in soft as well."