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Is Snap Running Out Of Money?


Snap has burnt through an average of $68 million a month since going public in 2017 and could, in theory, run out of cash in three years unless it turns a profit. It follows a difficult period for the company, including a wildly unpopular Snapchat redesign, a delayed update for Android users, and competitors like Facebook cloning features including Stories. Analysts are upbeat about the prospect of a turnaround. Visit BusinessInsider.com for more stories. Snap is burning through so much cash it could run out of money in the next three years.

Added on the 15/04/2019 07:59:10 - Copyright : Wochit

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