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Snap Inc.’s stock plunged much more than 18% in extended investing Thursday just after the social-media business claimed a decrease in revenue as it retools its ad platform.
Revenue dropped 7% to $988.6 million, from $1.06 billion a calendar year ago. Analysts surveyed by FactSet had anticipated on normal a net decline of a penny a share on profits of $1 billion.
Product sales…
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