Snap Earnings: No Filter Can Make This Look Good, Shares Down 17%
02 May, 2018, 02:04 | Author: Kathy Ellis
The company's daily active user base was also below the mark at 191 million as analysts were calling for 194.2 million in this category, according to data compiled by FactSet. GBH Insights called the metric "disappointing" in an investor note, and said it speaks to Snap's user growth problem, which is a "major black cloud" over the company.
The results point to just how much of a problem Snap's redesign has been for the company.
Snap posted a loss of 17 cents per share, in line with Thomson Reuters.
And things won't exactly look up in Q2: Snap noted that year-over-year revenue growth rate would "decelerate substantially" next quarter.
Opposition decries leasing of Red Fort to Dalmia group
Why should it be leased out? West Bengal Chief Minister Mamata Banerjee called it a "sad and dark day" in the country's history. How can they hand it over to someone else just like that?" "In some places, there were no facilities at all", he said.
The revamp of its app, unveiled late previous year, was widely met with a negative response by users, and share prices were sent tumbling when reality star Kylie Jenner voice her disapproval of the new look and layout.
The update, which rolled out to most users during the first quarter, was meant to make the interface less confusing.
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. A Change.org petition asking the company to remove the redesign now has more than 1.2 million signatures. Kylie Jenner, a reality TV star, threatened to quit the app in February, causing the stock to fall.
After his court case is concluded, Conor McGregor can expect to be punished by the UFC too, Dana White has revealed. Nurmagomedov succeeded McGregor as Lightweight champion when he defeated Al Iaquinta at UFC 223 earlier this month.
Six Democrats and one Independent voted to confirm Pompeo: Heitkamp, Donnelly, Manchin, McCaskill, Jones, Nelson, and King (I). Trump said he was pleased by Pompeo's confirmation, calling him a "patriot" with "immense talent, energy and intellect".
David Moyes' men have won once in their last eight league fixtures and sit just three points above the relegation zone. City face Huddersfield Town, Brighton & Hove Albion and Southampton in their remaining games.
EZJ is touching GBX 1614.5 during the last trading session, after increased 1.54%.easyJet plc has volume of 816,385 shares. The Hillhouse Capital Management Ltd holds 1.62 million shares with $162.47M value, up from 684,466 last quarter.
If storms develop as anticipated, all severe weather hazards would be possible Tuesday night, Wednesday and Thursday. For the past week, conditions have been mostly quiet across Central Illinois, which has meant mostly dry weather.
He subsequently called on his supporters to pour out on the streets and assemble at the capital's Republic Square in protest. They also accuse Sarkisian and his dominant Republican Party of widespread corruption and failing to raise living standards.
The Herald Sun said the magistrate found that the complainant behind at least one of the charges was an unsatisfactory witness. She didn't specify which prices will likely be proceed to court docket or any additional element on the date of the trial.
Owaida is the second teenager killed by Israeli fire recently, following the death of Mohhamed Ayoush, 15 , last week. This occupation has had a devastating impact on the lives of the almost two million Palestinians living in the area.
GoPros integration works by simply choosing a clip in the GoPro app and youll be able to share directly to Instagram stories . Notably, users will be able to minimize the video and continue video chatting while using Instagram simultaneously.
The chief of staff's alleged criticisms of the president have been demoralizing to aides, the NBC sources said. Officials told NBC that Kelly questioned aloud why Porter's alleged victims "wouldn't just move on".
Did Mike Pence Let Trump Walk Into a Trap With "Candy Man?"
Boland acknowledged that Tester's airing of allegations against Jackson may have complicated his path to re-election in November. The patient was Mike Pence's wife Karen Pence and the conflict started a heated debate between the Pences' doctor and Dr.
Oculus Go is hitting store shelves today for $200
A separate report from UploadVR this morning notes that F8 developer attendees are likely to receive Oculus Go headsets for free. The headset offers mobile virtual reality without needing a phone or PC, and is going on sale starting today in 23 countries.
Prince Louis's birth certificate has been revealed
The Duchess of Cambridge is expected to return to her royal duties in the fall as she takes time to care for her family. Not only that, but if Charlotte had been born first, she still would've missed out on being a Princess.
Modi to fire salvos for BJP from tomorrow
We welcome you to our state.While you are here, we Kannadigas would like you to address the following concerns, he tweeted. Attacking the Karnataka Chief Minister, Shri Modi remarked, "I was reading the papers and saw a 2+1 formula in Karnataka".
Chicago Bears add to LB depth with 4th-rounder Iyiegbuniwe
The Bears have been widely praised for the improvements they've made this offseason, first in free agency and now in the draft. The Bears did, in fact, find a way to trade back into the second round and take Memphis wide receiver Anthony Miller .