Alternative headline: SNAP somehow surges 22% in after-hours trading despite rep...

		spuiszis on Feb 6, 2018 \| parent \| context \| favorite \| on: Snap Revenue Surges 72% on User Growth, Advertisin... Alternative headline: SNAP somehow surges 22% in after-hours trading despite reporting a $3.5BN loss and burning $819MM in cash. While revenue and user growth are both positive signs, there are still plenty of red flags. SNAP's hefty valuation is based on much higher growth rates and a faster route to profitability that still has yet to be seen. [1] https://investor.snap.com/~/media/Files/S/Snap-IR/reports-an... Edit: grammar

$1.99BN was accrued over previous years from stock-based compensation. This is very standard for companies in the year they IPO.