Snap Missed Earnings Expectations, but Evan Spiegel Is Planning a Big Redesign

The company reports revenue of $208 million

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Snap may be building out a slick advertising business in hopes of competing against juggernauts like Facebook, Google and Amazon, but the media and messaging app continues to fall below Wall Street’s expectations. So, it’s building new versions of the app for Android and is planning a major redesign.

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