Published: Sat, November 11, 2017
Science | By Cecil Little

Snapchat admits it made the 'wrong decision' on its Spectacles

Snapchat admits it made the 'wrong decision' on its Spectacles

Snap Inc. reports it has 178 million daily active users, which is an increase of 17 percent year over year. The app now has 178 million daily active users, only a slight bump from 173 million the prior quarter.

Snap really isn't looking so hot to Wall Street, and so they're making some radical changes.

At the same time, Speigel said that the Snapchat team is also working on an overall redesign of the app, in an effort to make it easier to use among a wider audience. As a result, we are now redesigning our application to make it easier to use.

Celebrate 'Equal Pay Day', reduce Gender Pay Gap
Fawcett claims it uses the mean to take "into account the fact that more men than women are earning higher wages at the top". Women in their 20s are earning less than men, and the gap is getting wider, according to figures released today .


"W$3 e are now redesigning our application to make it easier to use". Shares in the firm slid by nearly 20 percent.

The company has lost over $3 billion since it went public in March, and its stock has not traded above its IPO price since July.

"I guess we're just not afraid to make changes in the long-term interest of the business", Mr. Spiegel said on the call.

Australian Jockey Suspended for Punching Horse
Issuing an apology on Thursday, Caboche, 22, said he was "gutted" and appreciated his actions were completely unacceptable. Eventually, the animal was coaxed into starting the race - but finished eighth, more than 14 lengths off the race victor .


Snapchat's quarterlies were announced this week, and as you'd expect, they were quite quarterly.

Snapchat needs to grow its user base beyond 13 to 34 year olds in the U.S., France the United Kingdom and Australia, Spiegel said.

It's a big negative for Snapchat's first foray into the world of wearables, but the statement didn't share any information on whether the company will be trying again with a second generation of Snapchat Specs.

Tiffany's Is Finally Offering Breakfast at Tiffany's at the Blue Box Café
Breakfast at Tiffany's is based on the Truman Capote novella about a country girl who moves to NY and joins high society. The Blue Box Cafe at Tiffany & Co.'s Fifth Avenue Flagship StorePhoto: Courtesy of Tiffany & Co.


The Chinese internet giant Tencent has taken a 10pc stake in Snapchat's parent company Snap, a welcome vote of confidence after the messaging app's disastrous results this week. Analysts have downgraded their price targets for Snapchat; its stock has slipped, failing to go above its I.P.O. price since July; and it faces an existential threat in the form of Mark Zuckerberg, who can (and does) weaponize Facebook's almost limitless resources to replicate facets of Snapchat within Facebook's own apps. The app has slowly started to provide more context and information from friends and business, and it's hard not to think of how much that sounds like Facebook in the early years of monetization. In a note to investors, Drexel Hamilton analyst Brian White said these changes "may cause some short-term disruption to the business when consummated but we believe a long-term positive for the platform". "We think that there is a big opportunity to surface some of this content in a personalized and more relevant way, while still maintaining the exploratory nature of our service", he said.

Like this: