Snap, the parent company of Snapchat has endured an ad slump and the challenges of being a smaller social media company in an intensely competitive environment
Snap, the parent company of Snapchat, reported its second straight decrease in quarterly sales on Tuesday.
The company continues to struggle with bringing in more advertising.
Snap posted revenue of $1.07 billion for the second quarter, down 4 percent from a year earlier.
In April, Snap had a 7 percent drop in revenue from a year earlier.