Xbox One X Pre-Order Details Will Arrive This Weekend
LG V30: Should Note 8 Be Afraid?
PS4's next update finally lets you squelch notifications during movies
Google testing new Search Lite app for countries with slow networks
Snap Inc. (SNAP) Stake Increased by NN Investment Partners Holdings NV
12 August 2017, 12:33 | Jenny Fowler
Snap shares plunge after earnings disappoint
Social media app Snapchat's parent company Snap Inc is sinking fast in the United States stock market, with a $400m loss in its second quarter compounding a major decline since its IPO earlier this year.
Snapchat added 7 million DAUs over the last quarter, taking its global user base to 173 million.
Shares of Snap Inc rallied on Wednesday as options traders buckled in for the social media company's quarterly results and after an analyst said the beaten-down stock was "getting interesting". The average amount of revenue made per user increased by 109 percent over the year to $1.05.
Spiegel was more forward with the company's strategies on Thursday, saying Snap's focus will be on building creative tools that give users more ways to create snaps.
Some 81% of Snap's second-quarter revenue came from North America, a strong indicator that the company is focusing on monetizing users in the world's largest and most valuable ad market.
Making a bad situation worse, Snap failed to meet analyst expectations for the second straight quarter.
Even before the earnings report, Snap's stock had already fallen off a cliff since its hotly anticipated initial public offering earlier this year.
But the messaging app is struggling with fierce competition from Facebook, which offers similar features.
While Instagram earlier this year announced user numbers topping 700-million, with 250-million using Instagram Stories, Snapchat added just seven million users this quarter.
Trump warns NKorea of 'fire and fury' The president said Kim Jong-un would be met with "fire and fury" should he continued to threaten America with a missile attack. Mr Trump has repeatedly complained about leaks of government information to the press.
Teenage babysitters put 7-month-old in fridge After teenage babysitters put an 7-month-old infant in a refrigerator, the child's mother is in shock. "Kids do stupid things". She also said that the girls thought the stunt was a joke and that she doesn't believe they meant to harm her baby.
Snapchat is now a company that has to prove it's growing and simply saying that there's a long-term plan to do so isn't going to be enough. The pair's post-IPO lockup will expire Monday.
Snapchat also wanted analysts to pay attention to the growth in North America, where the users are more valuable.
Snap's monetization also remained somewhat sluggish this quarter, with overall quarterly ARPU coming in at $1.05. Piper Jaffray Companies reissued a "neutral" rating and issued a $16.50 price objective (down from $20.00) on shares of Snap in a research note on Thursday, July 13th.
"100 percent of the problems that we are seeing at Snapchat are self-inflicted", James Cakmak, an analyst with Monness Crespi Hardt and Co., told Bloomberg.
Snap has not delivered on either front.
Dubuque Bank & Trust Co. acquired a new position in Snap Inc.
If that's the case, it's time for Spiegel to rethink things.
TRADEMARK VIOLATION WARNING: "Snap Inc".
While Snapchat sends fewer notifications, it encourages daily use through Snapstreak, which calls out streaks in which two friends send each other snaps at least once for more than three consecutive days. Google is reportedly working on Stamp, which The Wall Street Journal compared to Snapchat's Discover feature for letting people find photo and video-heavy news items. The analyst asked which types of techniques Spiegel didn't like.
Merger of AIADMK factions just a speculation, says Swamy
It was during his absence that EPS reportedly strengthened his position in the party and emerged as a real threat to Dinakaran. Though there are few elements in the party who support Dhinakaran, soon they will be "disciplined", party insiders said.
Partial Lunar Eclipse Will Shadow the Moon on Monday
If you normally wear eyeglasses, put the eclipse glasses over them or your hand-held viewer in front of them. No matter how much of the eclipse is available, properly viewing it with special glasses it is a must.
4-Year-Old Shot in the Head During Road Rage Incident
Medical examiners found that none of the bullet fragments that hit his head penetrated all the way through his brain. At the time of the incident, Hill's 7-year-old daughter was also in the auto , but she was not injured.
Stephen Colbert to Interview Scaramucci Next Week
Colbert made the announcement on Twitter Wednesday evening. "This is just a heads up for our censors to get ready!" he tweeted . He also lampooned The Mooch for his New Yorker interview but said he was a "broken man" when Scaramucci was sacked .