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Snapchat Is Losing Money, Lost $514 Million Last Year

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Business Insider, Alex Heath

The warning comes as Snap plans to list shares in March, and could fetch a valuation of as much as $25 billion, people familiar with the matter have said.

Snap reported a net loss of $372.9 million in 2015, further indicating that its expenses will continue to grow. It had annual revenue of $404.4 million in 2016, up from $58.6 million in 2015.

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