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Nawal
Stealth • 1d
Snapchat is loss making Company 🔥 Snap Inc.'s story is an interesting one. Despite pulling in $4.6 billion in 2023 revenue, mostly from ads, the company is still facing major losses—$1.4 billion, to be exact. They’re spending big on R&D ($1.9 billion) and marketing ($1.1 billion), aiming for growth, but their US user base has stagnated. Their promise to become "the next Facebook" feels distant now, and the challenge of balancing growth with profitability is clear. It’s a reminder to stay flexible and focused on sustainable strategies in business.
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