The company reported almost $400 million in revenue and says its stopped user losses.
Snap’s usual business model: Invent cool new social features and have them stolen by Facebook and Instagram, then report low revenues and user loss. Not today. The company reported greater-than-expected revenues and says it’s managed to stop its user number from shrinking. Snap is still not a profitable company, but it covered a lot of ground toward becoming one in 2018.
