SAN ANSELMO, CA – MAY 02: The Snapchat app is displayed on the home screen of an iPhone on May 2, 2018 in San Anselmo, California. Stock prices for Snapchat dropped 20 percent before slightly rebounding after reporting first quarter earnings of $230.66 million on Tuesday that didn’t meet analyst expectations of $243.6 million (Photo by Justin Sullivan/Getty Images)