The company also reported a $422 million loss and reduced hiring for this quarter.

Snap missed on both the top and bottom line for the quarter.

The market was unhappy with the evening news, and they showed their dissatisfaction by selling the stock.

Thanksgiving is a wonderful time of year for family, friends, and good food. It has also become the precursor to Black Friday, the biggest retail week of the year.

Snap is initially launching Spotlight in 11 countries including the United States and Canada, with a plan to add more in the coming time.

Snap Inc. expressed interest in expanding footprint in the video-sharing social media space

Snap’s stock price fell more than 8% on Tuesday after the company reported its second-quarter earnings.