Domingo, 22 Octubre, 2017

Snapchat's disappointing growth leads to shares slump

Malita Javier | 19 May, 2017, 23:14

For the first quarter of its fiscal year, Snap reported a net loss $2.2 billion, or $2.31 a share.

Snap CEO Evan Spiegel is "so arrogant" and needs to find some humility, CNBC's Jim Cramer said Thursday. The company's expenses after going public, however, face it with a long-term challenge to become profitable again and have sparked worries among investors.

Analysts from J.P. Morgan anticipated Snap's DAUs to increase to 169 million by the end of the first quarter.

"When we talk about growth. we want to use creativity" to boost Snap's number of daily users, Spiegel said.

United Kingdom police say 'obliged' to arrest Assange if he leaves embassy
WikiLeaks says the ball is now in Britain's court after Sweden's decision to drop its rape investigation of Julian Assange. He has been there ever since, fearing that if he is arrested he might ultimately be extradited to the United States .

When asked if he feared Snap would be crushed by Facebook, Spiegel replied: "You have to get comfortable with the fact that people are going to copy you if you make great stuff".

Recently, reports started flooding in that Instagram's massive presence in the global market is stifling growth for Snapchat. And although Snapchat had a 36 per cent jump in daily active users on a year over year basis, it added just eight million new users (five per cent), from last quarter. That could be a plausible explanation for Snapchat's own slow user growth over the Jan-Mar quarter.

Since the Snap IPO, Facebook has been very aggressive about copying Snapchat.

Snapchat added just five million daily active users in the final three months of a year ago, down from at least 10 million added in each of the previous four quarters.

Los Caballeros del Zodiaco llegarán a Hollywood
Créditos La película será producida por Yoshi Ikezawa y Joseph Chou de Toei Animation , junto al fundador de ARGF, Jeffrey Chan. La producción ejecutiva será de Tim Kwok de Convergence Entertainment, Miguel Faura y Kozo Morishita de Toei Animation .

Facebook, which once made a $3bn bid for Snapchat, has upped the ante by making the camera a central piece of its apps and offering features similar to Snap on its platforms, including Instagram and WhatsApp.

Just this week, Snap gave users the option to let their messages last indefinitely rather than disappearing after 10 seconds. An estimated 8 million new Snapchat accounts were created in the last quarter, the slowest user-growth quarter yet.

From a long-term business perspective, Snap Inc. has to come up with ideas to not only expand its user base beyond messaging, but also beyond millennials. The company had aimed to accrue a further two million new users.

Presidente Maduro refuerza programa de alimentación escolar
Además, el ministro de Educación, Elías Jaua, señaló que más de 4000 mil equipos de refrigeración serán renovados a través del sistema de cambalache.

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