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.
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…