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Snap hits all-time low after lackluster earnings report

Friday, October 26, 2018, 12:59 PM

Snap stock shed more than 12 percent to an all-time low in extended trading Thursday after warning investors it will continue to lose daily active users. The company posted a narrower-than-expected loss for the third quarter, as the company offsets declining user counts with higher revenue per user. But wasn't able to quell concerns about its shrinking user base.
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Snapchat's redesign cost it millions of users

Wednesday, August 8, 2018, 10:48 AM

Snapchat CEO Evan Spiegel revealed the photo-sharing app lost 2% of its 191 million daily active users during the April-June period due to "disruption caused by the redesign". This comes after users complained the app became confusing due to the redesign. The user loss was the first since the company went public, however, revenue increased 44% year-over-year to $262 million.
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Snapchat Now Lets You Delete Chats That Have Already Been Viewed

Tuesday, June 12, 2018, 4:20 PM

Photo-messaging app Snapchat is rolling out a new feature called Clear Chats that will allow users to delete messages from personal and group chat-threads, even after the messages have been viewed. The new feature is aimed at making people more comfortable sending sensitive information over Snapchat. Snapchat is working to roll out the "clear chats" feature globally over the next few weeks.

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