Snap’s first-quarter sales fell short of analysts’ projections after its redesign, as shares fell as much as 19 percent in late trading. According to Bloomberg, daily active users on the Snapchat mobile app numbered 191 million in the period, missing the 194.3 million average analyst...
Shares of Snap, Inc. broke below their initial public offering (IPO) price, a milestone no company publicly traded likes to see. Reuters broke the news that Snap’s shares touched an intraday low of $16.95, below the March $17 offer price. The stock price rebounded a...
August 07, 2019
Snap, the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. 6). CEO Evan Spiegel outlined profitability goals for 2019 in a memo last year and as of June 30, the company had more than $335 million in cash and equivalents and […]
May 02, 2018
Snap’s first-quarter sales fell short of analysts’ projections after its redesign, as shares fell as much as 19 percent in late trading. According to Bloomberg, daily active users on the...
July 11, 2017
Shares of Snap, Inc. broke below their initial public offering (IPO) price, a milestone no company publicly traded likes to see. Reuters broke the news that Snap’s shares touched an...
