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 bill
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Anonymous 2
Stealth • 1d
Marketing expenses of $1.1 billion? Damn, that’s insane. Maybe they need to understand that no amount of ads can compensate for a lack of compelling features.