Vetr lowered Snap from a "buy" rating to a "hold" rating and set a $13.95 price objective on the stock.in a research note on Monday, July 31st.
The losses alone were steep. Analysts polled by Bloomberg had expected 175 million on average.
On top of these woes, Snap has a money problem.
This is not what Wall Street was hoping for.
The only reason Snap was able to go public in March with relatively little revenue, a scant track record and a insane rate of cash burn was that the company has been clever about repeatedly coming up with fresh ideas to keep its mostly young fans returning to the app.
Scaramucci to guest on Colbert's 'Late Show' next week
Colbert said he plans to ask Scaramucci what it's like inside the Trump White House and "how loyal he feels the president is now". Stephen Colbert could not be more excited for The Mooch to appear on " The Late Show " Monday night.
Public company investing is a stupid, rigged game. This quarter they were let down again.
At the moment, Google doesn't have a social media network that's actually popular and the digital advertising opportunities that could come from Snap and Google working together are worth considering.
While the doom doesn't spell imminent death, it's a sign that Snapchat could be relegated to the sidelines as a niche app for young people or worse, a passing fad rather than a major competitor for digital ad dollars like Facebook and yes, even the struggling Twitter.
Shares fell 16.7% in after-hours trading to $11.47, and have made new post-IPO lows.
If that's the case, it's time for Spiegel to rethink things. The only problem is that Facebook is crushing all newcomers. The user base grew by 21 percent over the past year to 173 million, which was slower than analysts had expected. A year ago, the company was adding more than 20 million users per quarter!
The company will host a conference call with investors and analysts at 5 pm E.T. today. Monness Crespi & Hardt cut Snap from a "buy" rating to a "neutral" rating in a report on Friday. This is over 6x Snap's total user adds over the first half of this year.
So Facebook copied it. That's on par with both Facebook (49%), and Instagram (46%).
Humanity has now watched Snapchat's animated hot dog gyrate and breakdance more than 1.5 billion times. It is also making it easier for advertisers to use the app, analysts say.
As easy as it is to sound the death knell, put on a crying lens and declare that it's the end for Snap and Snapchat, this could easily just be growing pains for the company after rushing its IPO. That includes nearly a month when the gadget was available outside the United States for the first time, leading to vending machines standing forlornly ignored outside tourist attractions in the UK, France, Germany, Spain and Italy.
Nowak said Snapchat is also facing tougher competition from Facebook-owned Instagram, which has been offering similar services. Though they probably wouldn't be almost as nice as a breakdancing hot dog.
Sarah Harding's breakdown on CBB raises concerns for doctors
Before heading into the Borehamwood bungalow last week, Jemma opened up to Closer magazine about her addiction to plastic surgery. She wrote: "I've managed to watch a couple of episodes and it's actually really weird seeing someone you know so well in there.
Now, Snapchat has a third breakthrough filter: a dancing hotdog, that has gyrated virtually on people's screens around the world.
We applaud Tesla's self-driving efforts and look forward to seeing the semi in the flesh later this year. At the moment no company was tested in the Nevada self-driving trucks without being in the driver's cab.
De Blasio said the wounded cop had a "great attitude" as he lay in his hospital bed and even made light of his situation. Police say a man walked into Mike's Heavy Duty Towing and forced a female employee on the ground as he simulated a gun.
Derry woman Erin Hutcheon was there with her father when he played in the Rialto Theatre. "One of our heroes is gone. Campbell died in Nashville at an Alzheimer's facility surrounded by his family, his publicist Sanford Brokaw said.
Trump stressed a continued focus on punishing drug dealers and tightening immigration to prevent drugs from entering the U.S. The Obama administration declared an emergency last August in Puerto Rico over the Zika virus , for example.
In Consumer Reports' lab testing, the Surface series regularly earned high marks thanks to its performance and specifications. Issues reported with Surface devices included freezing, unexpected shut downs, issues with their touchscreens, and more.
South Africa's parliament has convened to vote on a no-confidence motion against South African President Jacob Zuma . The African National Congress has 249 seats in the 400-seat parliament and the opposition controls 151 seats.
In 2007, the disputed vote escalated in to violence that left at least 1,300 people dead and 600,000 displaced from their homes. He said his father would have been proud of what Kenyans had achieved and he urged voters to be peaceful.
Or it's like being a quarter mile from the Pacific Ocean you've never seen and deciding to turn back. Speck and Beucher tend toward what seems like hyperbole in describing a total solar eclipse .
Smugglers throw migrants in Yemen Sea, 5 die, 50 missing
According to survivors' testimonies, the smuggler pushed them to the sea after he saw men he perceived as "authority types". As per reports, more than 111,000 migrants arrived on the shores of Yemen previous year and in 2015 the figure was 100,000.
700000 insecticide-tainted eggs imported to UK: Government
While some European countries' eggs containing Fipronil residues have been sold as fresh eggs, this is not the case in the UK. The French government says a Belgian company - which it did not identify - mixed fipronil with another, lawful, substance.
AIADMK removes Dhinakaran as deputy general secretary
All these developments incidentally alarmed the BJP, which instructed both the factions to immediately merge. He asserted that the appointments he made were valid as well and these were in tune with party bye-laws.
Disney, North Korea Drive Dow Jones Industrial Average Lower
Disney dropped 5.2 percent as it reported flat third-quarter revenues due in part to weakness in its cable subscription business. Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific that has a USA military base.
FBI Agents Searched Paul Manafort's Home
Federal agents arrived at Manafort's home without warning and departed with records, according to the report . He has come under intense scrutiny in the investigation into Russian election meddling since previous year .
Fake solar eclipse glasses being sold online
Most of Asia, Africa, Europe, Australia and Antarctica received their own celestial show, a partial lunar eclipse on Monday night. Solar eclipses happen three or four times a year, but total eclipses happen just once every eighteen months.
White Sox place concussed OF Willy Garcia on DL
The real risk of claiming a player in August is if he's expensive and the original team just says, "You take his contract". A judge sentenced 19-year-old Bryson White of Mason, Ohio, to three to 15 years in prison in the August 2016 robbery.