Snap swings to quarterly net loss, expects lower q1 rev; shares fall

Snap swings to quarterly net loss, expects lower q1 rev; shares fall

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on Tuesday swung to a net loss in the fourth quarter and said revenue could decline in the current quarter by as much as 10% as it faces fierce competition from rivals like TikTok and weak advertising demand. Shares of Snap fell 13% to $10.30 in trading after the bell. Meta shares fell 2% and…

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