Snap stock plunges 21% after IPO expenses run up a $2.2 billion loss
But since its IPO in early March, Snap has faced an uphill battle to convince Wall Street it can make money with advertising, even with Facebook and Google dominating the market. Spiegel said that automation will help the company make more money for advertisers. "People are going to copy your product if you build great stuff," he said. "Just because...