LifeStyle

3Novices:Snapchat faces harsh reality check after earnings report

Snapchat’s ambition to become the next big social media platform hit a brutal reality check with the first earnings report from parent company Snap.
The US$2.2 billion loss reported earlier this month for the first quarter along with weaker-than-expected revenue and sluggish user growth prompted a wave of selling and harsh comments from analysts about the firm known for its disappearing messages.
Snap said the number of daily active users grew to 166 million at the end of the quarter, a…
May 18, 2017 at 04:01AM http://ift.tt/2pMPYYZ
#3Novices #News #OnlineMedia #China #LifeStyle 3Novices China

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s