Will Snap Have More Bad News When It Reports Earnings?
07 February, 2018, 01:51 | Author: Barbara Daniel
It's now been almost a year since Snap went public, and it has been plagued by the same problems each quarter: slowing user growth, fierce competition from Instagram, and no clear path to profitability.
Snap also added more users than expected, with daily active users rising almost 9m to 187m from the previous quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company's stock worth $148,446,000 after acquiring an additional 1,601,170 shares in the last quarter.
Investors, who had been expecting revenue of $255 million and a loss of 33 cents per share, sent the stock soaring on the strong earnings beat. Snap continues to have high spending, losing almost $350 million in the fourth quarter of 2017. This tool may also encourage Snapchat users to check the app more often, especially if you don't know how many direct messages you really have.
In Facebook's earnings call last week, Facebook CEO Mark Zuckerberg called WhatsApp and Instagram the two most-used Stories products in the world, and said, "Stories are on track to overtake posts in feed as the most common way that people share across all social apps".
The redesign has been rolled out to about 40 million users so far, according to Spiegel, with plans to expand it to all users by the end of the first quarter.
In related news, Director Mitchell Lasky sold 25,000 shares of the company's stock in a transaction dated Tuesday, November 21st. The company's revenue for the quarter was up 62.2% on a year-over-year basis.
Those design changes have put a bigger emphasis on user-to-user sharing, as opposed to content created by publishers and brands. The latest crumb of news to come out of Snap Inc. brings word that there's a new update for its other popular app, Bitmoji, offering tons of new styles.
"We continue to view Snap's audience and platform as a unique asset in the digital-media space with a long monetization runway", said John Egbert, an analyst at Stifel Nicolaus, in a note to investors before the results.
Average revenue per user, a closely watched number, rose 46 percent to $1.53 in the final period of 2017, while a similar measure of costs grew much more slowly, according to the company.
There are many questions surrounding the New England Patriots following their Super Bowl LII loss to the Philadelphia Eagles . As Florio notes, McDaniels could be sticking around to replace head coach Bill Belichick if Belichick unexpectedly retires.
The financial system, he says, is now "stronger and more resilient than before financial crisis that began a decade ago". The Commission raised the base interest rate by a quarter of a point five times under the management of Yellen.
Still, Brees and Foles remain in touch , and Brees sent Foles a text message on Sunday prior to Super Bowl kickoff. The Chiefs released Foles at the end of that season and the quarterback moved to the Eagles for the 2017 season.
Adam Lallana , Danny Ings and Dominic Solanke are all set to feature for Liverpool's U-23 side against Tottenham this evening. The Reds ultimately lost the game 1-0, and were reduced to nine men, when George Johnson also seen red in the 87th minute.
Tillerson gave a speech in Austin, Texas, on Thursday, ahead of a 5-nation trip to Mexico , Argentina, Peru, Colombia and Jamaica. Tillerson will set foot in a region that has a negative view of the current administration.
In the video posted to Facebook, Moore allegedly forces a young girl, whose age has not been specified, to perform oral sex. Investigators were able to identify Moore from the video after first identifying the little girl and questioning her.
She told the Sunday Mirror : "We feel really positive about the Spice Girls legacy right now, because all the fans are women now". Performing at the wedding of the year is one hell of a way to kick-start their reunion.
Government sources had said rescue teams reached the area and shifted the injured to a hospital in Saidu Sharif. The report said that the outfit noted that it was the second attack this month with more to follow .
Among the Asian markets, Nikkei in Japan closed 2.6% lower while in late session FTSE in United Kingdom was down over 1%. Australian shares dropped 3.0 percent to their lowest level since October while South Korean shares dropped 2.0 percent.
Under Ms Yellen's stewardship, the U.S. economy has seen its strongest six months of economic activity since 2014. After her last day at the Fed on Friday, she will start a new job Monday at the Brookings Institution .
Netherlands Hires Ronald Koeman as New National Team Manager
A legend with the Netherlands national team, Koeman was capped 78 times as a player and won the European Championship in 1988. Kees van Wonderen and Patrick Lodewijks are set to assist Koeman , but their positions have not yet been confirmed.
Mostly sunny, 30s Monday; Messy storm for Wednesday
WHERE.Portions of northwest Arkansas, west central Arkansas, east central Oklahoma, northeast Oklahoma and southeast Oklahoma. From 3 AM to 10 AM EST Wednesday . "Ice accumulations could reach close to.25" in spots making for hazardous travel.
Athletes vow to keep fighting in doctor sex-abuse scandal
He already is guaranteed to spend life in prison under other sentences. "Society must be protected from Larry Nassar ", she said. According to the Attorney General's office, 265 women and girls have reported abuse at the hands of Nassar.
HTC U12 aka HTC Imagine shown off at a tech event
That'll lead to speculation the HTC U12 will be the company's first phone to arrive boasting 5G capabilities. This basically combines with the existing LTE with the unlicensed 5GHz WI-Fi band for additional bandwidth.
This time, Bill Belichick out-smarted himself
The Patriots and Eagles had two of the best defenses in the league throughout the regular season and postseason. He was clearly emotional beforehand and expressed those feelings to ESPN's Mike Reiss afterwards .
Hampton Health Department provides free flu shots to public
Health professionals actually encourage that you do get a flu shot , especially as different strands of the flu swirl around. Flu viruses are spread mainly from person to person through droplets made when people with flu cough, sneeze or event talk.
NBA All-Star Weekend Contestants Announced
Gordon has declared that this will be his last dunk contest and is looking to make up for his disappointment from past year . They will go up against first-time participants Los Angeles Lakers' Larry Nance Jr. and Dallas Mavericks' Dennis Smith Jr .