Snap Stock Is Tanking After Snapchat Redesign Fails
Snap Stock Is Tanking After Snapchat Redesign Fails
Snap's Earnings Fall Short of Expectations
02 May, 2018, 02:02
Daily active users totaled 191 million, also short of the 194.2 million predicted by FactSet.
Despite slower-than-expected growth, Snap remains a competitive consumer-facing tech company, according to eMarketer analyst Debra Aho Williamson.
Revenue was down 19% sequentially, primarily due to seasonality and a redesign of the Snapchat app, the company said.
He said completely rebuilt Snap app for Android will roll out in the third quarter of the year.
Snap's shares took a near 16 per cent dip in after hours trading when the messaging app revealed it had only seen a 15 per cent increase in users from a year ago despite a redesign overhaul.
And things won't exactly look up in Q2: Snap noted that year-over-year revenue growth rate would "decelerate substantially" next quarter.
People familiar with the test told the publication that the move is an attempt to see how many ads users will tolerate.
"We are now focused on optimizing the redesign based on our ongoing experimentation", CEO Evan Spiegel said in a statement.
Time spent on Snapchat remained more than 30 minutes per day on average following the redesign, while Spiegel insists the company has started to realize some of the positive benefits of the change, including increased new user retention among older users.
Snapchat has since made some tweaks to the redesign and is testing showing Stories from friends on the same page as posts from celebrities and brands once again.
That architecture has helped Facebook and Oculus keep the price down, of course, but it has also forced some compromises. As far as pricing goes, it will retail for $199 for the 32GB variant, while the 64GB model will be priced at $249.
The bombshell follows two weeks of protests following the resignation of prime minister Serzh Sargsyan. The vote in Parliament on Tuesday came after large-scale demonstrations across Armenia, led by Mr.
This win will be remembered for the best three-wood of her career after stiffing it to two-feet from 234 yards to finish in style. The New Zealand golfer Lydia Ko has broken her tournament title drought on the LPGA Tour in the US. "It's insane ...
WhatsApp uses encryption technology that makes messages indecipherable to everyone but the sender and recipient. Both men were open about their distaste of working with an advertising model for creating revenue.
But if it can be proven that there was malicious intent to discredit or harm Daniels, then the lawsuit will carry more weight. Daniels sued Trump as an individual, not in his capacity as president, which could pose problems for any defense.
However, the court upheld the charge which argued that he had "with ill intent, published fake news through a video on YouTube ". Free speech advocates have challenged the law, saying that it violates constitutional guarantees to freedom of speech.
All is quiet right now, but strong to severe storms are still expected to begin flaring up late in the afternoon into the evening. All modes of severe weather will be fair game, including the possibility of very large hail, damaging wind gusts, and tornadoes.
He said during the visit he saw some checks and controls were still visible on the border waiting to be dismantled. While Barnier wants no drama, no visit to the Border area by anyone so connected with Brexit could avoid it.
If a user you follow likes to occasionally bulk upload, muting their profile, rather than unfollowing them, may be beneficial. The AR effects from them will roll out in the coming weeks, and Instagram expects to announce other partners soon.
In 2014, patients and staff from a Melbourne hospital were evacuated amid concerns there was a gas leak at one of the wards. Rotting durian fruit caused a gas leak scare at an Australian university library, prompting an evacuation of the building.
According to the National Weather Service at State College, today will be partly sunny with a high of 54. Monday through Wednesday looks pretty good as mostly sunny skies rule out and temperatures take off.
China and the Dominican Republic establish ties
According to media reports , Taipei said it was "deeply upset" at the decision, which it blamed on "dollar diplomacy". Beijing has since voiced fears that this may lead to a declaration of independence by the autonomous island.
Tobin McDuff reports from the NFL Draft
Scarbrough (6-foot-1, 235) is a hulking back with good athleticism, including elite jump scores and a 4.52-second forty-yard dash. Dallas could use versatility on a line that struggled at times with injuries and ineffectiveness.
Local agencies participate in drug take back day
All 30 Michigan State Police (MSP) posts also participate in the "Take-Back" initiative by serving as drop-off locations. But, even with the Take Back Program's success, the pill problem has continued to get worse over the years.
Emery to leave PSG at end of season
He admitted that the first season was particularly tough, with that defeat to Barca a hammer blow. "Ibrahimovic had just left and I was also trying to adapt".