Global  Video

“The world's speediest news portal”
One News Page
> >

Snapchat launches redesign as growth disappoints Wall Street

WorldNews Wednesday, 8 November 2017
Snapchat launches redesign as growth disappoints Wall StreetBy David Ingram and Pushkala Aripaka (Reuters) - Snap Inc (SNAP.N) is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board after being clobbered by Wall Street for another quarter of slowing user growth. The Venice, California-based firm, which had the hottest debut of any tech stock in years in March, reported revenue and user growth for the third quarter well below Wall Street expectations as it struggles to compete with Facebook Inc's (FB.O) Instagram. The disappointing financials and announcement of the redesign sent shares down as much as 20 percent in after-hours trading. They rebounded partially to $12.57, still...
Share on
Share on
Post on 
Share by
Source: Wochit Business - < > Embed
News video: Wall Street Recedes, Priceline And Banks Weigh

▶ Wall Street Recedes, Priceline And Banks Weigh 00:44

On Tuesday, Wall Street dipped after a disappointing profit forecast from Priceline, as investors worried that a Republican plan to cut corporate taxes could be watered down. The S&P 500 financial index led the decliners with a 1.4-percent fall. Investors were also nervous about the potential outcome...

Recent related news

ICYMI: Kylie Jenner’s oh, Snap; Apple craves cobalt; Domino’s No. 1

If you missed it ... In a week when Olympians were on cereal boxes and politicians were on soapboxes, this also happened: •When Kylie Jenner tweets, people...
SFGate - BusinessAlso reported by •BBC News

Wall Street’s favorite new thing to worry about may already be in the rearview mirror

Wall Street’s favorite new thing to worry about may already be in the rearview mirror
  · *Wall Street is worried stronger wage growth will lead the Federal Reserve to raise interest rates more quickly.* · *Evidence from the Atlanta Fed's...
Business Insider - BusinessAlso reported by •Reuters

Hurricane recovery efforts help Home Depot to deliver forecast-busting Q4 earnings

A strengthening home improvement market helped DIY retailer Home Depot to top Wall Street expectations with its fourth-quarter results. Home Depot’s stock rose...
Proactive Investors - Business

Domino’s serves up rise in fourth-quarter sales, but growth not enough to top analyst estimates

Domino’s Pizza Inc (NYSE:DPZ) melted in pre-market trade on Tuesday after the pizza delivery group’s rise in fourth-quarter same-store sales and revenues...
Proactive Investors - Business

Wingstop flies lower as outlook overshadows 2017 revenue and earnings beat

Wingstop Inc (NASDAQ:WING) topped forecasts with its 2017 earnings, but a weaker-than-expected outlook for the year ahead sent the chicken wings restaurant chain...
Proactive Investors - Business

Asian stocks advance after Wall Street rebounds

BEIJING (AP) — Asian stocks advanced Friday after Wall Street rebounded from a two-day losing streak and Japanese inflation edged higher. KEEPING SCORE: The... - BusinessAlso reported by •Business Insider

'Fearless Girl' getting a permanent home

The New York Mayor’s Office and State Street Global Advisors are negotiating a permanent home for Fearless Girl, and the Charging Bull may be going with her,...
bizjournals - Business

You Might Like

Tweets about this

Other recent news in Front Page

Winter OLYMPICS: USA beat Sweden to men's curling goldMiracurl on Ice: USA wins first CURLING gold at Winter Olympics
ESTER LEDECKA wins 2nd gold medal of Pyeongchang Olympics, adding parallel GS snowboard title to super-G in skiingSYDNEY shark attack victim pictured
LIVERPOOL 4-1 West Ham UnitedNEWCASTLE KNIGHTS fail to fire in trial against Parramatta Eels
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+