Snapchat earnings analysis #shorts

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Snapchat just reported second quarter earnings that disappointed the market and the shares tanked 25% in after hours trading. Based on the after hours share price of $8 that means Snapchat now has a market cap of $13.6 billion, with 4.4 billion of cash on the balance sheet, including 2.5 billion in marketable securities, and 3.7 billion in debt.

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