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Snap heralded its achievement of a first full year of positive cash flow for 2021 as “an important milestone” that would help it fund growth.
But the seemingly strong numbers reported by the social-media company—$293 million in cash from operations and $223 million in free cash flow for last year—don’t show the full picture.
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After a year of rising interest rates, higher prices and volatile markets, financial advisers say […]