Snapchat stock pops despite drop of 3 million users
08 Agosto, 2018, 09:23 | Author: Arnold Perez
The platform has been under pressure from Facebook's line-up of apps, which have aggressively competed with Snapchat for millennial social media users in recent years. It reported an adjusted loss of 14 cents a share, which was better than the average analyst expectations of a 17 cents a share loss, according to surveys by Thomson Reuters.
But the share prices gave up much of those gains soon after, as the news sunk in that the company's user base wasn't growing as expected, with Snapchat losing daily active users quarter-over-quarter for the first time in its history.
Features that many used on a daily basis were moved to different parts of the app, causing confusion among its loyal users.
The company behind Snapchat posted revenue of $262.3 million in the period, also topping the estimate of $247.2 million.
"It has been approximately six months since we broadly rolled out the redesign of our application, and we have been working hard to iterate and improve Snapchat based on the feedback from our community", CEO Evan Spiegel said on a call with investors.
The Los Angeles-area company beat Wall Street's expectations for both revenue and losses, and its share price surged by more than 13% on the news in after-hours trading to almost $15, before briefly stabilizing around $14 - an overall gain of about 6%.
"Snap has a major app redesign in process which remains one of the linchpins for future success and monetization, although it has encountered clear speed bumps on this front", said Daniel Ives, chief strategy officer at GBH Insights.
They were allowed to speak to the British daily newspaper only after Crown Prince Mohammed bin Salman agreed to the request. Hassan, Osama's youngest brother, continues the story describing how everyone who met him in the early days respected him.
When asked by CNN whether the issue of Russian interference came up, Paul said he had "general discussions about a lot of issues". The "main aim of the trip" was to "create a dialogue" and "improve relations" between Moscow and Washington, Paul added.
Researchers found that the more women a male doctor treated in his life, the less likely his female patients were to die. Their chances were also improved if treated by a male doctor who had a lot of female colleagues in his team.
China, the world's second-largest film market, also limits the number of foreign-made films allowed into the country at 34 a year. The film tells the story of Robin reuniting with Pooh and the gang as an adult and rediscovering his playful imagination.
Por ahora, solo nos resta decir: ¡Gracias, deportistas y hasta una próxima oportunidad!, ¡Que sigan lloviendo oros! La respuesta de Barranquilla , tanto en lo deportivo como en el trato a los visitantes, no produce quejas.
Now, for the future, Dembele reportedly feels he needs to play regularly, rather than from the bench to progress in his career. And now Dembele has been pictured enjoying dinner at Aubameyang's home in London alongside three more Arsenal stars.
A total of 270 National Assembly (NA) and 571 Provincial Assembly seats together comprised the total number. Whereas, Elections had been delayed on two seats of the National Assembly and six of provincial assemblies.
Details are still thin, and it is very likely the new show won't release precisely when the new Disney streaming service launches. From a final season of Clone Wars to a new live-action Star Wars show.
NASCAR Chairman & CEO Arrested For DWI In New York
France, 56, spent the night in jail, was released Monday morning and announced his leave from NASCAR eight hours later. Brian France was charged with aggravated driving while intoxicated and criminal possession of a controlled substance.
Rain showers and storms on the way to West Michigan
A cold front arrives in the afternoon, spreading showers and thunderstorms, especially in our Metro and South Zones. We are watching a non-tropical, surface low pressure system centered about 1200 miles southwest of the Azores.
Great white shark breaches below researcher off Cape Cod
A shark was caught on camera breaching the water directly underneath a researcher who was trying to tag the animal. According to the Boston Globe , the video shows biologist Greg Skomal standing on the pulpit of a research boat.