Tag: Snap

Snap goes back to the drawing board as Wall Street frowns

Snap goes back to the drawing board as Wall Street frowns

Written by on November 8, 2017 in Features, News with 0 Comments

(Reuters) – Snap Inc is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board as Wall Street clobbered it for another quarter of slowing user growth. The Venice, California-based firm, whose March stock market debut was the hottest of any tech stock in years, reported […]

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Snap shares slip – time for a reality check

Snap shares slip – time for a reality check

Written by on July 17, 2017 in Guest Blog with 0 Comments

Twitter remains by far the better choice. Reality is beginning to set in for Snap Inc. but I think that the shares still have some distance to go before there is an opportunity to snap up a bargain. A major downgrade by one of its underwriters taking the target price from $28 to just $16 caused […]

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News highlights – 10 July 2017

News highlights – 10 July 2017

Written by on July 11, 2017 in News with 0 Comments

News highlights for 10 July 2017 Austria moves to give police powers to monitor messaging VIENNA (Reuters) – Austria is pursuing plans to give police authority to monitor messaging services such as WhatsApp and Skype in an attempt to “close the gap” on criminals who increasingly avoid communicating via telephone. Read more… Cyber attackers constantly […]

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Snap shares plunge as first results shock stock market

Snap shares plunge as first results shock stock market

Written by on May 11, 2017 in News with 0 Comments

(Reuters) – Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps. Shares tumbled 23 percent in after-hours trading to wipe some $6 billion from Snap’s market […]

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BNB Paribas teams with Snap to lead on social networks

BNB Paribas teams with Snap to lead on social networks

Written by on May 9, 2017 in Guest Blog with 0 Comments

BNP Paribas has signed a global partnership with Snap Inc. In a move to strengthen its proximity to millennials and cement its position as the leading bank on social networks, BNP Paribas has signed a global partnership with Snap Inc. BNP Paribas entered a global partnership with Snap Inc. this week in an effort to […]

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News highlights – 17 April

News highlights – 17 April

Written by on April 18, 2017 in News with 0 Comments

News highlights for 17 April Ant Financial sweetens bid for MoneyGram to clinch deal BEIJING (Reuters) – China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles. Read more… Berkshire Hathaway […]

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News highlights for 20 March

News highlights for 20 March

Written by on March 21, 2017 in News with 0 Comments

News highlights – 20 March GPS device to prevent false Everest claims by climbers KATHMANDU (Reuters) – Nepal will provide GPS tracking devices to some mountaineers who attempt to scale Mount Everest this year to prevent them from making false summit claims and to track climbers in distress, an official said. Read more… Snap snaps […]

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News highlights – 16 March

News highlights – 16 March

Written by on March 17, 2017 in News with 0 Comments

News highlights for 16 March No agreement on timeline for self-driving cars BERLIN (Reuters) – Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between cautious established players and bullish new entrants. Read more… Plan for Brexit? Error […]

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Snap reduces advertising revenues forecast for 2017

Snap reduces advertising revenues forecast for 2017

Written by on March 15, 2017 in News with 0 Comments

(Reuters) – The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday. While that still represents growth of more than 157 percent from last year, it is […]

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Snap unequal voting rights to be scrutinised by SEC

Snap unequal voting rights to be scrutinised by SEC

Written by on March 10, 2017 in News with 0 Comments

WASHINGTON/BOSTON (Reuters) – One of two current members of the U.S. Securities and Exchange Commission raised questions on Thursday for companies like Snap Inc that offer shareholders unequal voting rights, saying the agency should “focus on how some innovations may prove detrimental to investors.” “Unequal voting rights present complex and new issues that need to […]

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