Earnings Alert: Snap Inc. (SNAP), Conversion Rates Just Not There
b'Snap Inc. (SNAP) earnings report indicated -$0.02 in EPS and $1.11B in revenue, missing the estimates. However, SNAP daily active users rose by 18% to 347M. The company plans to substantially reduce hiring. The SNAP stock price today in the post-market session was down as much as 26%. "Can Snap Inc. (SNAP) monetize adds to help the company? Conversion rates are just not there," says George Tsilis.'