Snap Inc Q1 2017 Declining User Growth Exacerbates Rising Costs
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Following the release of its first earnings call since the March IPO, Snapchat creator Snap Inc has seen its stock price drop by to its lowest price since going public. The price fall reflects Wall Street’s reticence in taking the long-term view when It comes to tech stocks. Wall Street has clearly focused on the slow growth of user-base as a cause for concern. The concern focuses around declining Daily Active Users growth and escalating costs.
Companies and brands mentioned in this report: Snap Inc, Facebook, Amazon, Viacom, Snapchat