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Snap loses users for the first quarter ever, but its revenue beats expectations

Snap loses users for the first quarter ever, but its revenue beats expectations

First, the good news: Snap Inc. beat projections for revenue in the second quarter, tempering long-held fears that its loyal Snapchat users would never support a sustainable business. Now, the bad news: The number of users Snapchat can profit from could be reaching a ceiling sooner than expected.

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