IEA reveals reasons for slowdown in 2018 oil demand growth
Tales from the crypto: South Korea frets over crackdown on virtual economy
Could Delta Air Lines Incorporated (NYSE:DAL) Change Direction After More Shorts?
Analyst Research and Ratings: Antero Midstream Partners LP (AM), CoreCivic, Inc. (CXW)
Your Amazon Prime could soon cost you more
Snapchat Reaches 166 Million Daily Users
19 May 2017, 11:08 | Jan Cross
Snap, for the first time, has revealed its earnings since becoming a public company in March this year. When compared to the 158 million that Snap had by Q4 2016, however, the growth is only at a dismal 5 percent and that's what touched a nerve in investors.
Snap announced at the time of its IPO in March that it had 161 million daily active users on average in December.
Growth in Snapchat's user base slowed previous year after Instagram copied Snapchat's "Stories" feature, which lets users post short video clips that disappear after 24 hours.
But leading up to the earnings report, all eyes were on the one deadly sin for an Internet company: slowing user growth. Both Instagram and Whatsapp, owned by Facebook, have copied many of Snapchat's features recently and has already surpassed Snapchat in daily users.
On the other hand, Facebook revenue was at $1.18 billion during its first reported quarter; Snap Inc.is now at $150 million, disappointing analysts, who were expecting at least $158 million.
Snapchat's co-founders have lost a combined $2 billion after a surprisingly underwhelming first quarter.
Mourinho walks out of interview after loss to Spurs
Smalling, Jones, Mata - it is very important for them to play 90 minutes". "I think he deserves another chance". Manchester United have entered the UEFA Europa League Final after beating Celta Vigo 2-1 in the semi-final.
Bundesliga signs up first woman referee for next season
This shows that in refereeing it is performance that counts", she added. "I'm really looking forward to the task that awaits me". The German Football Association ( DFB ) have confirmed Bibiana Steinhaus will become the country's first-ever female referee.
Pillar hits winning homer in 9th, Jays beat Mariners 3-2
Danny Barnes then replaced the Toronto southpaw and put runners on the corners before fanning former Blue Jay Danny Valencia. And neither are these Blue Jays , the recent sad sacks of baseball, who are making others take notice of their success .
Four-goal Kane helps Spurs punish Leicester
Eight minutes later Son struck again, ridiculing Wilfred Ndidi at the edge of the box before sweeping a low shot into the net. But Pochettino insists Tottenham are not in a position to sell any player who they see as important to the squad.