Social media company Snap, owner of Snapchat reported better than expected third quarter earnings expectations with revenues up 52% year-over-year and a adjusted EPS of $0.01 versus a loss of $0.04 last year. Daily active users rose by 18% year-over-year to 249 million.
Snap Loses Another $326 million as Active User Growth Dissappoints
Social media company Snap, owner of Snapchat plunged 13% Tuesday after missing second quarter earnings expectations with another large net loss. $SNAP has been a great reminder of risk, herd mentality and like MySpace the perils of betting on social media longevity.
SnapChat Lays Off More Staff as iQiyi $IQ Takes its Place as Biggest IPO
Irony can be a strange bedfellow today iQiyi as $IQ is going public on the NASDAQ making it the highest-value IPO since Snapchat parent Snap Inc went public last March in a $3.4 billion deal. Today $Snap is laying off another 100 employees.
Analysing Facebook Advertising Price and Volume Drivers
Social Media and FANG giant Facebook was issued with a note from Barclays on Thursday Updating their ” Price vs. Volume Drivers” note following FB’s earnings last month. The report was instructive in explaining both the advertising drivers and duplicate accounts.
No Snapback for $SNAP Tanks 19% After Earnings Revenue Miss
Social media company Snap $SNAP, owner of Snapchat plunged 19% Tuesday after missing third quarter earnings expectations with a net loss of $443.2 million. The stock has been a great reminder of risk, herd mentality and like MySpace the perils of betting on social media longevity.
Facebook $FB Buys tbh Anonymous App To Compete With $SNAP
Facebook has acquired viral anonymous app tbh which has over 5 million users in just a few months after it has failed with it’s apps in attracting teens as SnapChat gains popularity in that age group.
SNAP IPO Failure a Great Lesson in Risk and Changing Trends
Social media company Snap $SNAP, owner of Snapchat has been a great reminder of risk, herd mentality and like MySpace the perils of betting on social media longevity. The employee lockup expiration Monday saw a new record low trade at $11.28 on Monday, 33% below its IPO price of $17.