** Snapchat-owner’s shares up ~4 pct at $8.10 in premarket, showing signs of recovery after touching their all-time low on Thursday
** CEO Evan Spiegel aims to achieve full-year profitability in 2019 by betting on older users, revamped marketing, online news service Cheddar reports, citing a memo
** Co says it would also better serve emerging markets users with its forthcoming redesign of its Android app – memo
** On Thursday, analysts raised concerns over user declines and competitive threats from Instagram
** Daily Snapchat users fell for the first time in Q2 ended August
** As of Thursday’s close, SNAP shares have nearly halved in value and have traded under their $17 debut price since March
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.