Snap is shedding greater than Tesla and Twitter-Mixed – Fortune ] "Right here's a method to do this: Shedding $ 2 billion a year-the quantity of Snap is projected to lose in 2017. The dad or mum firm of the Snapchat messaging software, was made public in a market a lot wider than that of the Snapchat courier firm Often called the road consensus, or the combination estimates of greater than two dozen analysts of val The place Snap's funds are headed.



Some of his predictions are likely to make his eyes, er, snap .

Wall Street thinks the Snapchat owner will add nearly $ 1 billion in sales this year but does not expect Snap to increase its profit until 2021. And this year, the balance of The social media company is projected to look particularly frightening: The consensus currently requires Snap to lose more than $ 2 billion in 2017, and some analysts predict it will lose $ 3 billion or more. (Those are baseline estimates using generally accepted accounting principles, or GAAP.)

To put the sheer magnitude of those losses into perspective, that's more money than


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