Snap CEO Evan Spiegel Stands By Redesign Despite Rocky Q1 Results
02 May, 2018, 02:00 | Author: Shannon Aguilar
Wall Street was unimpressed, and Snap's stock price plummeted in after-hours trading.
Failing to capitalize on Facebook's recent missteps, Snap's first-quarter earnings and usership missed analyst expectations.
Instead, growth slowed. The service had 191 million daily active users during the quarter, up from 187 million at the end of a year ago, or just a 2% increase.
He said completely rebuilt Snap app for Android will roll out in the third quarter of the year.
The company's new look, which separated content from friends and channels, upset both users and publishers and even prompted celebrities such as Kylie Jenner to publicly cut ties with the platform.
Nichols (NICL) Price Target Raised to GBX 1540
Los Angeles Cap Mgmt And Equity Rech has invested 0.11% in SINA Corporation (NASDAQ:SINA). 1,341 are held by Barclays Pcl. It operates through Roadside Assistance, Insurance Services, Driving Services, and Insurance Underwriting divisions.
Burning Skyscraper Collapsed in Sao Paulo
Sao Paulo state Governor Marcio Franca told the Folha de S.Paulo newspaper that it was legally hard to remove squatters . He did not provide details and was whisked away by security as several people shouted obscenities at him.
German Chancellor Merkel meets Donald Trump
But the combined failure of the French president and the German chancellor underscored how little influence they have with Trump. Customs and Border Protection guidelines, the tree needed to be quarantined before it could be permanently planted.
Revenues for the quarter were up 54% year-over-year to roughly $231 million, but sequentially were down 19% "primarily due to seasonality and our redesign", the company said in its earnings release. It also posted a net loss of $385.8 million.
In an attempt to diversify its business, Snap has also moved into hardware for the first time, launching the video-enabled Spectacles sunglasses that could record short clips to then be shared via Snapchat.
Despite slower-than-expected growth, Snap remains a competitive consumer-facing tech company, according to eMarketer analyst Debra Aho Williamson.
Looking ahead, Spiegel said Snap is focused on optimizing the redesign, based on his team's ongoing experimentation and learning. And after months of standing by the changes, the company last month was forced to backtrack, promising to redesign the redesign.
Of course, there's no guarantee that any of these features will make their way to Instagram , as they're now just in testing. Tuesday they announced that Instagram is set to transform with several new features set to "improve" the app.
Whatever be the noble thought of the man, he found himself under attack from the predator who had nearly gone for the kill. A friend of Mr Hodge told The Sun the sanctuary owner entered the lion compound to investigate a unusual smell.
The Preds were the better team in game one, but it's the Jets that hold the 1-0 series lead and the early control of the series. Brennan's prediction for Game 1 was Jets heavy-hitters were going to lay down a bruising on the Preds.
The announcement sent the stock of Match Group , which owns properties such as Tinder , OkCupid, and Match.com, down 18 percent. That could potentially allow it to match people more effectively than rival sites with less data at their fingertips.
These have been recorded in 2016, and 2017 and almost 900 miles of the UNESCO World Heritage site has been affected. The Australian government this week announced its largest-ever single investment in Great Barrier Reef protection.
Allen's inaccuracy as a thrower against marginal competition makes him a risk that many teams wouldn't want to take. Buffalo does have Kelvin Benjamin returning after playing through much of last season with a knee injury.
Needum and another passenger, retired nurse Peggy Phillips, began performing CPR. "Everyone's talking about it", Trump said. Several passengers also are expected to attend the meeting at the Oval Office.
The protest movement is officially independent but has the backing of Hamas , which has fought three wars with Israel since 2008. After dark, Hamas said an Israeli drone fired missiles at two boats moored off the Gaza shore and caused damage.
They also accuse Sarkisian and his dominant Republican Party of widespread corruption and failing to raise living standards. Pashinyan has said that the main task of any interim government is organizing the next parliamentary elections.
Pell pleaded not guilty on May 1 after being ordered to stand trial on multiple historical sexual offence charges in Australia. Many sessions were closed to the public, which is standard practice in Victoria in sexual offence cases.
Kelly calls 'BS' on report he called Trump an idiot
Kelly has referred to Trump as an "idiot" multiple times, four officials who say they've witnessed the remarks told NBC . In his statement , Kelly said that their President have a strong and trusting relationship.
WOW air recruiting for two global travel guides
The video should be submitted on travelguide.wowair.com before May 14, with the winners set to be announced just four days later. The lucky victor will be announced on May 18th and your travel mission will begin on June 1st and end on August 15th.
NFL Draft winners: 10 teams that crushed it
Several players took turns in making the defensive play calls last season. "We value his position versatility", Pace said. After last season, the Bears chose not to exercise the $8 million option on 2017 starting left guard, Josh Sitton.