snap

  1. Jamie McKane

    Snap is running out of money - Analyst

    Snap is running out of money - Analyst Snap Inc. “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. In order to reach Chief Executive Officer Evan Spiegel’s goal of profitability in...
  2. Jamie McKane

    Snapchat plunges due to controversial redesign

    Snapchat plunges due to controversial redesign Snap Inc. sank 20 percent in pre-market trading after reporting first-quarter sales and daily active users that missed estimates. The shares are on pace to open near a record intraday low. At least three analysts cut their ratings, as Wall Street...
  3. Jamie McKane

    Snap confirms it laid off over 120 engineers

    Snap confirms it laid off over 120 engineers Snap confirmed it cut more than 120 engineers, as the company works to emphasize performance in the organization. [Bloomberg]
  4. Newsfeed

    Snapchat’s growth falls short again

    Snapchat’s growth falls short again Snap Inc.’s growth again fell short of estimates, feeding fears that aggressive competition from Facebook Inc. is blunting the younger social-media company’s potential just months after its initial public offering.
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