However, revenues were slightly higher than Street expectations at $149.6 million.
It's bad, but not unprecedented, reports the Los Angeles Times, noting Facebook stock fell 10% and Twitter stock fell 22% following the first quarterly earnings report after an IPO.
Snap said that the net loss, presented as GAAP figures, includes $2.0 billion in stock-based compensation expense in the form of RSUs (Restricted Stock Units).
Snap Inc reported a rise in daily active users to 166 million, up 36% from 122 million a year earlier, but not a huge increase since the IPO, and well below the 200 million users of Instagram Stories.
That's almost a decade younger than the average age of retail clients trading Snap that day, TD said. The number of people using Snapchat every day increased by 36pc year on year to 166m, down from 47pc growth in the previous quarter. Snapchat grew just 7 percent in Q3 2016 and 3.2 percent in Q4.
Arsenal players keen on Sanchez stay, says Koscielny Giroud settled the contest with a late header and Wenger admitted the form of his frontmen has left him with a selection headache. Adams won 10 major honours in a 19-year stay at the Gunners and went out in style in 2002 on the back of a league and cup double.
Snapchat has faced stiff competition from companies such as Facebook, WhatsApp and Instagram. For example, JPMorgan Chase expected the daily active users to reach 169 million. Its user numbers also came in light. Facebook, for example, has been snapping up features present in Snapchat and incorporating them into its own products. Advertisers typically flock towards a slightly older demographic that has the money to spend, and Snapchat's audience isn't that ideal for such a move.
A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, on January 23, 2017.
Co-founder and chief executive Evan Spiegel told a conference call the company has been working on performance improvements and promoting its Android application, which could offer more growth globally compared with the Apple iOS system.
The slowing rate of growth is not surprising for the USA market, given Snapchat's huge popularity among its core group of young users. eMarketer estimates that 84.4% of 12- to 17-year-olds, and 78.6% of 18- to 24-year-olds, use the app at least once per month.
"We believe that everyone is going to develop a camera strategy", Spiegel continued, before dropping what can only be described as an epic burn.
Snap (SNAP) shares plunged 21 percent in after-hours trading after the social media company's debut earnings report as a public company left investors unimpressed.
The huge crowd erupted in cheers and applause as the pontiff's open-topped, white popemobile arrived at Fatima's vast square. But they held fast and eventually the church recognised the apparitions as authentic in 1930.
GTI, and it's set to make its public debut at the only place it possibly could, the GTI-treffen, on lake Wörthersee in Austria. A move helped by its three-door layout, something increasingly rare in the hot hatch sector.
On May 10, she claimed that before the meeting with representatives of the Department of Justice Trump did not plan to fire Comey. Lindsey Graham of SC , who heads one of the congressional committees investigating Russia's interference in last year's election.
And while it remains to be seen whether these are actually lyrics from her new music, fans seem to think that is the case. Selena Gomez has debuted her brand new single Bad Liar and it may sound a little familiar to music experts.
The Red Bull Honda rider received some medical attention before being transferred to a nearby hospital for treatment. His WSBK team sent their best wishes to Hayden via Twitter and called for patience.
He encouraged school children in the crowd to thank officers and deputies for the work they do and called them heroes. Here in MI and in Oakland County, take some time to thank your local police officers for all they do to keep us safe.
Arsenal kept alive their hopes of reaching the Champions League with a 2-0 victory over relegated Sunderland on Tuesday night. Realistically, though, Arsenal are set to miss out on Champions League football for the first time since 1998.
But actually it was Aaradhya who won hearts with her cute expressions at the airport. The actress flew out of Mumbai in a brown trench coat, white top and blue denim.
Amber Heard shows off form-fitting 'Aquaman' costume
The star had a scarf on her head and her feet were up as a makeup artist applied lipstick; in her hand was an Aquaman comic book. The film recently added Power Rangers star Ludi Lin as the DC Comics character Murk who is from the Aquaman mythology.