Drudge Retort: The Other Side of the News
Sunday, November 12, 2017

Snap, Snapchat's parent company, posted an ugly earnings report Nov. 7. The company has lost over $3 billion since it went public in March, and its stock has not traded above its IPO price since July. It's dipping into its cash reserves, and its user growth is slowing to a crawl. ... The announcement is an admission that to grow, Snapchat needs to stop being the exclusive, insidery app that's beloved by teens and flabbergasts their parents. It needs to do what Facebook did years ago and become where bored middle-aged people can catch up with the friends and relatives while also seeing some ads and maybe clicking on them.





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Teenagers do not have money like thirty somethings do.

#1 | Posted by 726 at 2017-11-13 09:01 AM | Reply

What, you mean teenagers are not a long-term reliable income stream? Who knew?

#2 | Posted by WhoDaMan at 2017-11-13 09:18 AM | Reply

Snapchat is free. Teenagers don't buy anything off of it.

It's the ad revenue which is getting killed.

#3 | Posted by Sycophant at 2017-11-13 11:58 AM | Reply | Newsworthy 1

#3 | POSTED BY SYCOPHANT AT 2017-11-13 11:58 AM | REPLY | NEWSWORTHY 1: Yes, and that ad revenue is getting killed because: See #1 and #2.

#4 | Posted by MSgt at 2017-11-14 11:15 AM | Reply

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