> Snapchat is doing great and making money. Snap is losing a lot of money. Their operating loss was an astounding $596 million for the first two quarters of 2

> Snapchat is doing great and making money. Snap is losing a lot of money. Their operating loss was an astounding $596 million for the first two quarters of 2020. Barely an improvement over last year's $620m operating loss for the same period. Somehow they managed to generate a $596m operating loss on $916m in sales. Truly remarkable performance. It's not easy to so poorly run a business that should be printing profits. Facebook generated nearly a billion dollars in operating profit at that sales scale. The least Snap could do is break even.