Tag Archives: Snap

Snap reveals US subpoenas on IPO disclosures

11 November, 2018 5:30 pm 5:30 pm

NEW YORK (Reuters) – The US Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc (SNAP.N) for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. Snap said in a statement it has responded to the government subpoenas and other requests for information. The previously … Read More

Snap expects to lose more users, shares plunge

10 October, 2018 9:30 am 9:30 am

(Reuters) – Snap Inc lost more users than Wall Street expected in the third quarter as it continued to grapple with an unpopular redesign of its Snapchat photo-messaging app and fierce competition from Facebook Inc’s Instagram. Daily active users are expected to fall again next quarter, Snap Chief Financial Officer Tim Stone told analysts on … Read More

Snap’s strategy shifts win over advertisers more than users

08 August, 2018 12:14 pm 12:14 pm

SAN FRANCISCO (Reuters) – Snap Inc on Tuesday received a vote of confidence from a billionaire investor and reported record revenue from outside North America, factors that helped soften the blow of its first-ever drop in daily users. The social media company said its shift towards a self-serve model for advertisers was paying off and … Read More