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Benzinga
Benzinga
Business
Ananya Gairola

Snap Stock Plunges Over 14% After Hours As CEO Evan Spiegel Says Engagement Shifted From Stories To Content Sharing

Montreal,,Canada,-,March,20,,2016,-,Snapchat,Application,On

Snap Inc. (NYSE:SNAP) shares tumbled over 14% in after-hours trading after the company reported second-quarter results on Tuesday and CEO Evan Spiegel addressed a slowdown in U.S. user engagement and a shift in how people interact on Snapchat.

Snapchat Usage Habits Are Changing, Says CEO

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