Snap rises on report of CEO’s profitability goal for 2019 By Reuters

0
645
© Reuters. FILE PHOTO: A logo of Snap is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York


© Reuters. FILE PHOTO: A logo of Snap is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

** 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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here