Life for Snapchat just went from bad to even worse

By Thursday, August 10, 2017 0 Permalink 0

Snapchat has had a bad few months. But its dancing hotdog is doing great, with 1.5 billion views.

“Our dancing hotdog is most likely the world’s first augmented reality superstar,” said Snapchat CEO Evan Spiegel in the first five minutes of the company’s earnings call on Thursday.

That’s about the last of the good news. ;

Snap stock plummeted on Thursday after revealing that its past few months did not live up to expectations.

SEE ALSO: Facebook is finally ready for its next big move: Taking on TV

Snap Inc. missed analysts’ two big estimates: revenue and daily active users. Snap reported $181.7 million this quarter while analysts predicted revenue of $186 million, according to FactSet. ; Read more…

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Life for Snapchat just went from bad to even worse

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