Snap Inc. stock dropped 11% after revenue fell short of expectations by MichaelFNunez
... [+]SOPA Images/LightRocket via Getty Imagesresults that failed to meet analyst expectations.
The social media company’s shares skyrocketed by more than 144% in 2019 following strong revenue and traffic growth. Today’s miss ends a yearlong streak during which the company bounced back from a stark decline when it went public three years ago.following a drastic change to the design of the app. But the company accelerated user growth in 2019 as it rolled out more augmented reality camera filters and focused on developing its Android app.
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