Finance

Snap nailed its fourth quarter earnings, pleasantly surprising investors

Posted on

Snapchat’s parent company Snap beat its projected revenue by over $30 million in its most recent earnings report. The app’s growth had slowed down since Snap went public in March 2017, but Snap isn’t the only iconic social media company that’s struggled with acquiring new users after it went public. As this chart by Statista shows, Twitter experienced similar growing pains during the months following its IPO — which might mean that Snapchat just needs more time to finesse its platform and attract new users.

Chart of the dayBI Graphics/Skye Gould

Get the latest Snap stock price here.

SEE ALSO: Tech stocks took a huge hit when the market plunged on MondayTech stocks took a huge hit when the market plunged on Monday

Related Items:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

65.2K
Automotive

Comment Of The Day: Truth In Bragging Edition
20.0K
Finance

The world’s most popular migrant routes, in maps
Finance

Amazon poached 30 executives from Microsoft in the past 3 years — 6 times as many executives as the next lead poacher, Google (AMZN)
18.3K
Tech

1920+: Alternate history WWI shooter with friggin’ amazing concept art
17.2K
Tech

The Secret Life of Pets trailer: What do a bunny, snake and bulldog have in common?
Sports

Sin City: Knights make awful bet with ‘tout’ site, get roasted, then end partnership quicker than a Vegas marriage
16.1K
Tech

iPhone 6c specs, price and design revealed in huge new leak
15.6K
Tech

Galaxy S7 edge concept design has us craving the real thing
To Top