Snap Inc. Posts Slowest Quarterly User Growth In Its History; Shares Plunge

UPDATED with executive comments: Snap Inc., already in the harsh Wall Street spotlight due to mounting complaints about its redesign last fall, released first-quarter results that included the lowest sequential growth in daily active users in the company’s history. The global user base grew 15% from the year-ago period to reach 191 million, but on a sequential basis, the 191 million was up just 4 million from levels in the fourth quarter of 2017. In North America, the…

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