Meanwhile, the average number of people using the vanishing message service daily rose 21 percent to 173 million when compared to the same period a year earlier. Snap quickly jumped from $17 to $24, but lagging user growth and lackluster revenue have scared off investors - driving its shares down 50 percent in the process.
The announcement sent shares of Snap 16% lower during after-hours trading in NY. In May, Snap reported disappointing earnings, its first as a public company.
Snap Inc banner on New York Stock Exchange in March. These notifications - which primarily appear in the Facebook app but can also be pushed to the phone's home screen - can conceivably keep people returning day after day. Cleveland Research lowered shares of Snap from a "buy" rating to a "neutral" rating in a report on Tuesday, July 25th.
Johnston added that 2018 is the "make or break year for Snapchat". While Spiegel and other Snap executives spoke repeatedly about the progress the company was having in luring in big advertisers with features such as self-service ads, the absence of guidance that could buttress that optimism with Snap's estimates added to the uncertainty of its future.
Snap's stock, already down 44 percent since its initial public offering in May, declined 14 percent, to $11.90, in extended trading after the results came out.
Shareholders are always scouring the tech industry for the next Facebook, and Snap is the latest contender for the crown - or at least that was the case when it floated on Wall Street.
Snapchat also wanted analysts to pay attention to the growth in North America, where the users are more valuable.
Snapchat users under age 25 spend more than 40 minutes per day on the app, while those over 25 spend more than 20 minutes a day on the app.
"We'd have to add more than 10 million daily active users in the rest of world for every 1 million daily active users in the USA and Canada in order to make the same amount of money", Spiegel said. Snapreported a loss of 16 cents a share, excluding some items, compared to average analyst expectations of 15 cents a share, according to Yahoo Finance.
The Snapchat parent said its second quarter loss nearly quadrupled as revenue growth slowed and it added fewer new users, hurt by competition from social media giant Facebook (FB). Instagram Stories now has 250m active daily users while Snapchat has stalled at 166m.
"Given the amount of speculation around the lock-up expiration, I feel it is important to note that Bobby and I will not sell any of our shares this year", Spiegel said on a call with analysts.
As Snap becomes cheaper, the company could be attractive to acquirers, said Shebly Seyrafi, an analyst at FBN Securities.
By being opaque and simply promising "fun" things are coming and that "a lot of progress is being made", Spiegel isn't giving his users any reason to care about the continued existence of Snapchat right now.
The normal angle camera will be 1.6 megapixel and the wide-angle 1.3 megapixel, with the module 30 percent smaller than the V20's. It has also been confirmed that the phablet will sport a 6-inch QHD+ OLED FullVision display with 1440 x 2880 pixels resolution.
France has been under a state of emergency since the November 2015 attacks in the French capital which left 130 people dead. The attack targeted soldiers from the Sentinelle security force which was created after Islamic terror attacks in 2015.
The mayor and police commissioner showed off the vest during a news conference and credited it with saving the officer's life. Police said officers were responding to a report of an emotionally disturbed person when a man opened fire.
On the other end of the spectrum, Mike Zunino and Ben Gamel decided they're last names are perfectly suitable for the new jerseys. Players can also wear personalized equipment and the right sleeve of each jersey will have a logo to symbolize development.
But if they dont start, it will never be a problem.. "If this is not a national crisis, I don't what is", Jacobs said. Trump has also asserted that his proposal border wall would stop the flow of drugs into the country from Mexico .
Passer-by J Tompkins is filmed stopping to help Smith, who is heard saying: "I can barely breathe, tell them to hurry up". The footage begins with Smith pursuing the suspect on foot, first ordering him to stop and then threatening to taser him.
The consumer group says that poor predicted reliability for the Surface range means that it is pulling its "recommended" tag. As such, this is the first year that Consumer Reports has had enough data to estimate predicted reliability for its laptops.
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". U.S. talk show host Colbert warned the censors to get ready as he announced Monday's guest on Twitter .
A draft for this year's report has already been submitted to the Trump administration for approval before it can be made public. Atlantic and Gulf Coasts beyond what would be projected based exclusively on [relative sea level] rise".
Music star Glen Campbell dies
The show's also your chance to relive numerous highlights from Glen's network TV variety show, The Glen Campbell Goodtime Hour. By the mid-1990s he'd taken up residence at the Glen Campbell Goodtime Theatre in Branson, Mo., where he performed regularly.
Smugglers Throw Nearly 300 Refugees Into Yemen Sea
On Thursday, IOM reported that another smuggler forced some 160 people from a second boat, this time closer to shore. Crossing the Gulf of Aden and Red Sea is particularly risky because of strong currents and high winds.
32 hurt, 2 seriously as tremors strike Xinjiang
The dead included eight tourists, two residents and nine whose identities have yet to be confirmed, state television said. Geological Survey reported a magnitude-6.5 quake, while state media cited a magnitude-7.0 quake.
President Zuma survives vote of no confidence
In the past, Zuma had survived repeated revolts against his leadership from within his own party, but none in secret. Maimane's Democratic Alliance said it would table a motion for early elections to be held in parliament on Thursday.
Colossal new dinosaur species gets scientific name
The team chose the second name in honor of a rancher family that housed them during their excavations. The giants measured about 37 meteres long with shoulders 6 metres high, dwarfing Tyrannosaurus rex .
On Paper Everything Leans Towards Conor McGregor
Believe it or not, there are a handful of areas where the UFC lightweight champ bests Mayweather. On Aug. 26, Mayweather and McGregor will clash inside the T-Mobile Arena in Las Vegas, Nevada.
$725 a night to stay in Trump's former home
Donald Trump lived there from birth until the age of 4, when his family moved on to a bigger home. The listing bears a green insignia indicating it was "verified" by the website.
'Blumenthal Should Take a Nice Long Vacation in Vietnam'
Since the arrival of Kelly, who joined Trump in Bedminster over the weekend, the president has continued to be active on Twitter. President Trump's history of avoiding service (even through legitimate means) chips away at the credibility of his admonishment.
Franklin could be season's first hurricane
Since Invest 99L isn't a closed circulation storm system, forecast modeling isn't very helpful in predicting where it will go. After landfall, Franklin will slowly dissipate over east-central Mexico bringing heavy bouts of rain and potential flooding.
United States stocks fall again on North Korea fears
Priceline Group dropped 8 percent after issuing a profit forecast that was weaker than analysts were expecting. The Nasdaq closed down 18.13 at 6,352.33, while the S&P 500 dropped 0.91, ending the session at 2,474.01.
Solar Eclipse Could Create Once-In-A-Lifetime Road Hazards
It's going to be a little image, but you can see the sun as a crescent depending on where it is during the eclipse", Walter said. On Aug. 21, millions of people in the US will see day turn to night as a total solar eclipse passes over North America.