[ditty_news_ticker id=”25027″]Snapchat parent company Snap Inc. posted a net loss of $514.6 million in 2016, according to the initial public offering prospectus it filed on Thursday.
The company’s losses have been widening in recent quarters as Snap ramps up spending and hiring. And Snap also that it “may never achieve or maintain profitability,” as it plans to continue investing heavily in its business. – READ MORE
