Snapchat says it spent $2.3 billion last quarter to pull in just $149 million in revenue

Messaging apps are a hot business lately, and Snapchat is one of the hottest. I mean, all the kids are using it, and kids are never wrong about anything. Snap (the parent company of Snapchat) just announced its earnings for Q1 of 2017, but it didn't really earn anything. In fact, it lost a stupendous amount of money, about $2.2 billion.

^{Above: How Snap spent money last quarter, apparently.} 

Snap managed to make just $149 million in Q1 while it spent $2.3 billion.

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Snapchat says it spent $2.3 billion last quarter to pull in just $149 million in revenue was written by the awesome team at Android Police.

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