https://www.cnbc.com/2019/04/24/snap-plunges-after-its-q1-2019-earnings-beat.html

Snap was down more than 6% Wednesday morning after an initial after hours rally on its earnings beat. The drop shaved more than $900 million from its market cap, bringing it just below $15 billion, though the stock is still up more than 104% in 2019.

The stock popped as much as 11% on Tuesday after reporting a loss of 10 cents per share compared to the 12 cents forecast by Refinitiv. Snap also beat analyst estimates on revenue, reporting $320 million compared to the $307 million forecast by Refinitiv. It surpassed expectations on global daily active users (DAUs) and average revenue per user (ARPU) on top of that.