{"id":6002,"date":"2017-05-11T09:06:43","date_gmt":"2017-05-10T23:06:43","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=6002"},"modified":"2017-05-11T09:06:43","modified_gmt":"2017-05-10T23:06:43","slug":"snapchat-investors-run-scared-as-underwhelming-earnings-report-comes-in","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/snapchat-investors-run-scared-as-underwhelming-earnings-report-comes-in\/","title":{"rendered":"Snapchat investors run scared as underwhelming earnings report comes in"},"content":{"rendered":"<p><img decoding=\"async\" class=\"size-full aligncenter\" src=\"https:\/\/media.reckoner.com.au\/wp-content\/uploads\/2017\/05\/27130849\/647104932.0.jpg\" alt=\"\" \/><\/p>\n<blockquote><p>The company\u2019s losses ballooned to over $2.2 billion, but most of those were one time expenses related to stock bonuses paid out after a successful IPO. CEO Evan Spiegel got a sweet $750 million on his own. But even if you ignore that massive hit, Snap\u2019s losses basically doubled. It burned through $104 million in cash in the first quarter of 2016, and lost $208 million during the first three months of 2017.<\/p><\/blockquote>\n<p>Stock down 25% in trading post earnings announcement. Ouch.<\/p>\n<p>Snap Inc&#8217;s major product, Snapchat, remains a\u00a0nightmare experience in\u00a0user interface design. It&#8217;s\u00a0had all of its redeemable\u00a0functionality\u00a0completely ripped off and implemented better in larger eco-systems like Facebook&#8217;s Instagram and it&#8217;s now flailing when it comes to user growth.<\/p>\n<p><span class=\"source-link\"><span class=\"source-link\">Source: <em><a href=\"https:\/\/www.theverge.com\/2017\/5\/10\/15610094\/snap-snapchat-q1-2017-earnings-report-stock-plummets\">Snapchat is losing twice as much money as it did last year &#8211; The Verge<\/a><\/em><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The company\u2019s losses ballooned to over $2.2 billion, but most of those were one time expenses related to&hellip;\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[10],"tags":[],"jetpack_publicize_connections":[],"reckoner_social_message":null,"_links":{"self":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/6002"}],"collection":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/comments?post=6002"}],"version-history":[{"count":0,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/6002\/revisions"}],"wp:attachment":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/media?parent=6002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/categories?post=6002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/tags?post=6002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}