![]() "Snap’s daily active user count grew only 2% sequentially, or 16% year over year, as the difficulties that Snap faces when competing against Facebook become more apparent," noted Morningstar analyst Ali Mogharabi. Meanwhile, the company, which operates in the shadow of much bigger social media players such as Facebook and Alphabet, reported revenues of $208 million, off from the $236 million that analysts had been expecting. ![]() That was after Snap reported a much bigger-than-expected loss of $443 million in the recently ended quarter. ![]() The millennial tech mogul lost more than $560 million of his wealth in the past 48 hours, as shares of the social media company tumbled more than 18% since the start of Tuesday. This has been a bad week for Snap, the maker of the popular instant messaging and photo app Snapchat - and an even worse one for the company's 27-year-old co-founder and CEO Evan Spiegel.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |