Beyond the chart: Across all companies charted, growth was high last year but took a substantial dip in Q1.
At Snapchat, revenue growth meant a hiring spree during the pandemic, but the company’s slimmer ad revenues resulted in parent company Snap announcing a snip of 20% of its employees earlier this week. Like other tech companies, Snap is now engaged in the balancing act of boosting revenues without compromising its core product.
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Read yesterday’s Chart of the Day here.
Methodology: Data is from company reports including annual reports and investor day presentations released during 2021-Q2 2022.