Snap shares plummet after Los Angeles tech company misses expectations

Snap shares plummet after Los Angeles tech company misses expectations
Snapchat's stock not so snappy
Snapchat picked up fewer users and less revenue in the second quarter than analysts had expected, sending shares of owner Snap Inc. plummeting Thursday afternoon. The Los Angeles tech company has suffered through a treacherous run on Wall Street 

Not even the dancing hot dog can cheer up Snap's cranky investors. Only a few minutes into Snap's earnings call Thursday, Evan Spiegel mentioned the popular hot-dog filter his company introduced last month, saying it may be “the world's first

All eyes in the tech world were on Snap today to see if the recently public app pulled off a successful second quarter, particularly with Wall Street's growing concerns about the company staying ahead of competitor Instagram. Overall, Snap reported

Snapchat's stock not so snappy
Snapchat's stock not so snappy

In this Thursday, March 2, 2017, file photo, Snap co-founders Bobby Murphy, left, and CEO Evan Spiegel ring the opening bell at the New York Stock Exchange as the company celebrates its IPO. Snap Inc. reported earnings, Thursday, Aug. 10, 2017 … . Investors who are worried about Snap's coming lockup expiration might not be so nervous now. Annie Palmer. Follow. Aug 10, 2017 9:00 PM EDT. Amid all the doom and gloom of Snap Inc.'s (SNAP) second-quarter earnings, there was one bright spot. . Humanity has now watched Snapchat's animated hot dog gyrate and breakdance more than 1.5 billion times. That's a combined 142 years of grooving meat footage, an average of close to 30 seconds for every Snapchat user. It adds up to a Super Bowl

Why We Are Buying Snap
Why We Are Buying Snap

Snap CEO Evan Spiegel doesn't want Snapchat to become more of a global hit, at least not yet. The social messaging company's CEO tried to reassure analysts who are worried about Snap's failure to add as many users as Wall Street had hoped by using an

Adjusted EPS: Loss of 16 cents per share vs. loss of 14 cents per share expected by a Thomson Reuters consensus estimate. Revenue: $181.7 million vs. $186.2 million expected by a Thomson Reuters consensus estimate. Daily active users (DAUs): 173

Snap's Q2 earnings report was another failure on a long, downward path for the social media company as user growth slowed under the pressure of Instagram. Snap added 7.3 million daily active users to reach 173 million with a 4.2 percent growth rate,

Snapchat delivered another disappointing earnings report on Thursday, the second time it has underwhelmed Wall Street in its first six months as a publicly traded company. The issue in Q1 was that Snap's business didn't grow as quickly as expected, and …

Snap, the parent company of Snapchat, is seeing steep increases in its losses while sales and user growth continue to disappoint. Its losses for the quarter ballooned to $443 million, a nearly fourfold increase from the same period a year earlier and …

The company behind Snapchat reported significant losses Thursday and missed expectations for user growth in its second earnings report since going public. While Snap earlier this year said that it “may never achieve or maintain profitability,” the … . Snapchat is competing for ad dollars, users and attention with today's muscular, highly profitable and cutthroat Facebook. Photo: . New York: Public company investing is a stupid, rigged game. But Snapchat should wise up and play along.

Snap CEO's promise can't overcome declining ad rates, stock heads toward new lows after earnings

A Wall Street analyst upstaged Snap CEO Evan Spiegel on the company's Q2 conference call thanks to a classic "hot mic" snafu. It happened towards the end of Snap's 60-minute call on Thursday, lending a comedic, and perhaps fitting, finish to the


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