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Snap reported Q2 revenue of $1.6 billion, up 19% year over year, with daily active users reaching 493 million
Snap Inc (SNAP) delivers strong Q2 with record free cash flow, but faces a Q3 slowdown as World Cup tailwinds fade and infrastructure costs rise.
Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.
Snap stock was tumbling after earnings. The cancellation of a deal with AI start-up Perplexity is likely to fuel an activist campaign.