Actionable news
0
All posts from Actionable news
Actionable news in SNAP: Snap Inc,

Snap posts lower-than-expected daily active users, shares drop

FILE PHOTO - A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, New York, U.S. on March 2, 2017. REUTERS/Lucas Jackson/File Photo

(Reuters) - Snap Inc reported a lower-than-expected number of daily active users for Snapchat, its popular messaging app, for the second quarter as the company grapples with stiff competition from Facebook Inc, sending its shares down about 6 percent in extended trading.

Snap said on Thursday its daily active users (DAUs) rose to 173 million in the quarter ended June 30 from 143 million in the...


More