Snap “is quickly running out of money” and may need to raise capital by the middle of next year, according to a scathing new research report from MoffettNathanson.
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Snap’s flagship platform has lost some lustre, at least according to one social media “influencer” in the Kardashian-Jenner clan. Shares of the Snapchat parent company sank 6.1% on Thursday, wiping out $1.3bn in
Slow clap for Snapchat, which managed not to fall on its face during a quarterly earnings report for the first time in its history. Parent company Snap reported this week that its advertising revenue increased more than Wall Street
China’s Tencent Holdings, in which JSE-listed Naspers owns a one-third stake, has bought 145.8m non-voting shares Snap, saying it plans to work closely with the social media company. In an SEC filing on Wednesday, the Snapchat
Snap still isn’t meeting much-lowered projections for growth. Now the company is taking drastic measures to shape its future. While ad prices fell as part of a transition in the company’s sales system, the larger
For a guy who just lost about a quarter of his net worth, Snap co-founder Evan Spiegel exuded confidence on his first earnings conference call, explaining away the company’s shortcomings and even throwing shade at his bigger
Twitter’s road to a turnaround looks like it isn’t quite as rough as expected. The company reported a decline in quarterly revenue for the first time since it went public in 2013, but sales, at $548m, were higher
Facebook is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising – it’s the fourth time the
Snap, maker of the disappearing photo app that relies upon the fickle favour of millennials, jumped in its trading debut after pricing its initial public offering above the marketed range. Shares opened at US$24 and
Let’s say this upfront: buying shares in Snapchat’s initial public offering next week is an act of lunacy. It’s nuts to buy stock of a company with just a two-year track record of generating revenue, a loss of $1,27 for each