Bloomberg: Snapchat Lost Users in Quarter, Says Declines Will Continue

Bloomberg: Snapchat Lost Users in Quarter, Says Declines Will Continue. “Snap Inc., parent company of the app for sending disappearing photo and video messages, reported that the number of daily users fell for a second consecutive quarter, to 186 million. Analysts on average projected 186.8 million, according to data compiled by Bloomberg. Company executives said the app will probably lose users in the fourth quarter, too. The company’s shares tumbled as much as 12 percent in late trading after the report.”