INVESTOPEDIA - Jul 22 - Snap (SNAP) stock is trading lower by ~7% on after the company reported a Q2 2020 loss of $0.09 per share. Revenue rose 17% YOY to $454M. The company's net loss grew to $326M, up ~30% compared to 2019. Daily Average Users increased 17% YOY to 238M. CFO Derek Anderson told analysts that long-term investments drove higher losses while the user surge reported during Q1 shutdowns has "gone away."