Snap Share Prices Skyrocket Following App Redesign

Snap Snapchat Wall Street trading

Year-to-date, SNAP has declined -3.76%, versus a 0.85% rise in the benchmark S&P 500 index during the same period.

Investors will be glad to hear that more than 90pc of Snap Ads were purchased programatically, meaning the damage caused by the move to an auction-based system that initially hurt ad prices seems to have reduced.

Snapchat now has 187 million daily active users, which is higher than 184.2 million expected from analysts. The Snapchat operator was able to put up solid daily active user (DAU) growth that impressed investors.

"We see the advertiser expansion as an important source of revenue diversification and reflects Snap's capacity to grow revenue through a broadening of its addressable market", Wieser said.

This graph shows how Instagram Stories a Snapchat clone overtook Snapchat in a short space
This graph shows how Instagram Stories a Snapchat clone overtook Snapchat in a short space

Snap Inc surprised Wall Street on Tuesday with a rebound in user growth for its Snapchat messaging app, showing resilience amid competition with Facebook Inc's Instagram and sending shares up almost 30 per cent.

Liu said that the company is making changes to the app due to pressure from Wall Street to grow its user base, but broadening the appeal - even Spiegel has admitted Snapchat is hard to figure out - could risk alienating its younger users. Analysts however said that it appeared Snapchat was willing to look inward in an attempt to fix its problems instead of being distracted by its competition with Instagram. "In particular, we want to see if there are any changes to the way users engage with Snapchat once their interactions with friends and family are separated from publisher, influencer and brand content". Accern also gave press coverage about the company an impact score of 44.5686932949622 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

"We know that in order to truly scale our business, advertising on Snapchat has to be really easy", Khan said.

Revenue: $285.7 million (£205 million), up 72% year-over-year and above the $252.8 million (£181 million) expected by analysts.

Kylie Jenner's 'more mature' since becoming a mom
In her announcement video , she rocked a butterfly necklace and even decorated Stormi's nursery with images of the brightly colored insects.

Snapchat parent company Snap Inc. saw a big snapback in shares Tuesday as the youth-oriented social network reported stronger-than-expected revenue growth. Snap had not reported upbeat results since going public.

To make its app more friendly with users and advertisers, Snap launched a redesigned app in November, splitting "friends" from content feeds.

Daily active users: 187 million, up 5% from Q3.

"Our business really came together towards the end of previous year", said Evan Spiegel, Snap's chief executive, on a conference call on Tuesday evening.

Bangladesh former prime minister Khaleda Zia jailed
Shirin Akhter MP, general secretary of the other JaSoD faction, however, said, "It's a verdict on a corruption case". Dhaka-based group Ain O Salish Kendra said a "total of 1,786 persons have been arrested in the last eight days".

Snap's net loss was $350 million equal to 28 cents a share compared to a $170 million loss equal to 20 cents per share for the same period one year earlier.

Yuval Ben-Itzhak said: "Despite growth expectation from analysts and a forecasted record of about $254.8 million in the fourth quarter revenue, Snapchat is still a long way behind its rivals for advertising dollars, Facebook and Instagram in terms of audience size".

How militants shot down a Russian fighter in Syria
After seven years of conflict in Syria it appears many parties finally agree on something: they want the U.S. out of the country. The United Nations called on Tuesday for an immediate humanitarian ceasefire in Syria of at least a month as heavy.

Related news:

Hot News

isis-killer-beheading-video-story-top Share Activity Lifted for VIX Short-Term Futures ETN Ipath (VXX) Moving 8.17%
Feb 09, 2018 - 05:25
Derivatives markets indicated, however, that the spike in volatility of the past few days would not be sustained. It said its losses related to the note would not materially impact the bank's finances but didn't quantify them.

isis-killer-beheading-video-story-top No Evidence Border Patrol Agent's Death Was A Homicide
Feb 09, 2018 - 05:24
A forensic analysis later determined they had nothing to do with Martinez's death or the injuries to Garland. The FBI in El Paso said Wednesday it can not find any evidence that an attack led to his death.

isis-killer-beheading-video-story-top Cleveland Cavaliers trade Dwyane Wade to Miami Heat
Feb 09, 2018 - 05:19
Then they shipped Derrick Rose and Jae Crowder to Utah and Iman Shumpert to the Kings for Rodney Hood and George Hill . The Heat have yet to officially comment on the trade and whether Wade will be in uniform for Friday's home game vs.

isis-killer-beheading-video-story-top USA drops the coin on flag bearer at Winter Olympics
Feb 09, 2018 - 05:19
Hamlin, who won bronze in Sochi, will be leading a contingent of 244 athletes - the most the US has ever sent to the Winter Games. Hamlin won a coin toss, which was the predetermined method of picking a victor if all else failed in the athlete-led process.

isis-killer-beheading-video-story-top Cops say child porn video not local
Feb 08, 2018 - 13:19
Moore also faces 11 felony charges in Detroit, where prosecutors allege he sexually assaulted three girls from 2011 to 2017. When we become aware of such images, we remove them and notify the National Center for Missing and Exploited Children .

isis-killer-beheading-video-story-top Donovan Mitchell Will Replace Aaron Gordon in Slam Dunk Contest
Feb 08, 2018 - 13:18
The Slam Dunk Contest will take place on the Saturday night before the All-Star Game, which takes place Sunday, Feb. 17. Because of a rib injury, Orlando Magic forward Aaron Gordon had to pull out of the upcoming slam dunk contest.

isis-killer-beheading-video-story-top Justin Trudeau says he 'shouldn't' make 'dumb' jokes after 'peoplekind' comment
Feb 08, 2018 - 13:18
She said both countries are committed to democracy and human rights and that Canada has provided a "model" for these values. After all that outrage and selective cutting of the video clip, it turns out that a lot of the coverage was misleading.

isis-killer-beheading-video-story-top FORD Ranger Raptor revealed - Ford's Halo Truck
Feb 08, 2018 - 13:17
You also get reinforced spare-tyre mounting cross members, adapted to the Raptor's larger 17-inch wheel and off-road tyre package. On the tech side, the Ranger Raptor boasts a Terrain Management System with six different modes - two onroad and four offroad.

isis-killer-beheading-video-story-top A quick look at SEC recruiting heading into National Signing Day
Feb 08, 2018 - 13:17
All three again had stellar classes, led by Ohio State, which was second and nabbed No. 1 offensive tackle Nicholas Petit-Frere. The big addition was five-star cornerback Tyson Campbell of Florida, who picked Georgia over Alabama and Ohio State.

isis-killer-beheading-video-story-top DC Officials 'Permanently' Cancel Trump's 'Giant Tank Parade'
Feb 08, 2018 - 13:16
Dunford Jr ., Trump's seemingly abstract desire for a parade was suddenly heard as a presidential directive, the officials said". Reportedly, Trump was inspired to have this event after witnessing France's annual Bastille Day celebration .

isis-killer-beheading-video-story-top ME senator claws his way to lobster emoji victory
Feb 08, 2018 - 13:15
Per Emojipedia , there are 157 new emojis in the list, bringing the total number of approved emojis to 2,823. Angus King says a long-overdue lobster emoji is coming to smartphones, and it is cause for celebration.

isis-killer-beheading-video-story-top Israel Legalises West Bank Outpost After Palestinian Shooting Attack
Feb 08, 2018 - 13:13
Jarar was a key member of the terror cell responsible for the shooting attack, and personally participated in the attack. Palestinian officials condemned the move and said it seemed to be the result of a change in USA policy toward Israel.

isis-killer-beheading-video-story-top Carter Page told George Stephanopoulos he never met Donald Trump
Feb 08, 2018 - 13:12
Carter Page is a former banker in the investment company based in Moscow, who founded his own investment firm later in NY . And he actually said he was a very low-level member of I think a committee for a short period of time.

isis-killer-beheading-video-story-top Red Dead Redemption 2 Will Have Battle Royale And First Person Modes
Feb 07, 2018 - 01:53
It's a change that turns the mode completely on its head, and I'm interested to see what innovations other developers will make. Trusted Reviews was able to receive a documentation revealing several information about " Red Dead Redemption 2 ".

isis-killer-beheading-video-story-top Robert Wagner Named Person of Interest in Natalie Wood's Drowning Death
Feb 07, 2018 - 01:53
Investigators note the autopsy report indicates there were a number of bruises that appeared to be fresh on Wood's body. In 2012, the coroner's office amended Wood's official cause of death as "drowning and other undetermined factors".