Snap shares fall at first earnings report since IPO

INTRO:

Snap Inc. shares fell by 23% in after hours trading on Wednesday the
New York Stock Exchange.

The parent company to Snapchat posted a loss of 6 billion dollars from
its market value in its first earnings report since the company went
public back in March.

Our New York correspondent Laura Cantekin has the details.

IN: "Snap's stock..."
OUT: SOC
DUR: 47

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