https://apnews.com/fa53bcbf38fbf9e5eb074fda25a483d1

NEW YORK (AP) — Snapchat's daily user base declined in its latest quarter for the first time. Still, its parent, Snap Inc., reported a smaller loss than Wall Street had been expecting.

Separately, billionaire Saudi Prince Alwaleed bin Talal said in a news release and on Twitter that he has acquired a 2.3 percent stake in the company for $250 million. Snap declined to comment.