Prince Alwaleed bin Talal has acquired a 2.3 percent stake in Snapchat in a deal worth $250 million (SR950 million). That 188 million daily active user number is 8 percent higher than this time previous year, and CFO Tim Stone said that monthly active users are now up to 100 million in USA and Canada.
The Los Angeles-area company beat Wall Street's expectations for both revenue and losses, and its share price surged by more than 13% on the news in after-hours trading to almost $15, before briefly stabilizing around $14 - an overall gain of about 6%.
This appeared to confuse the market initially, who rallied behind Snap's share price initially in after-hours trading, but it seems likely this will only be a temporary reprieve before the company gets purchased by AOL, like all eventually defunct web brands.
For the current quarter ending in October, Snap said it expects revenue in the range of $265 million to $290 million.
The platform has been under pressure from Facebook's line-up of apps, which have aggressively competed with Snapchat for millennial social media users in recent years.
Snapchat users spend 30 minutes per day on average using the app, and generated over 3 billion snaps per day. Snap previously didn't disclose any monthly user numbers, with executives arguing that daily actives better reflected the activity on the platform.
However, the firm reported its first-ever decline in quarterly users.
"It has been approximately six months since we broadly rolled out the redesign of our application, and we have been working hard to iterate and improve Snapchat based on the feedback from our community", CEO Evan Spiegel said on a call with investors. It also warned that, like Facebook and Twitter, user growth had been punished by the implementation of Europe's General Data Protection Regulation.
The earnings report didn't have any specific sales figures for its latest Spectacles hardware, though it did report $2 million in non-advertising revenue. It is also an increase of 13.6pc on the results from Q1 2018. Overall, the company posted a loss of $353m, or 27 cents a share, compared with a loss of 36 cents a share a year ago.
The planet is only around 20 light years from Earth, but it's not really doing much besides relaxing in the vastness of space. Brown dwarfs are failed stars-objects much larger than most planets but too small to sustain fusion reactions.
Ferdinand, who made more than 450 appearances for the club, wants Pogba to stay and Spurs defender Toby Alderweireld to come in. Pogba is now tempted to leave United for Barça - and it now seems clear that Mourinho is one of the main reasons why.
Kovalev was the more aggressive of the two boxers and was winning the majority of the rounds heading into the seventh. Perrella's only loss came against Yordenis Ugas who beat him up and stopped him in four rounds back in 2016.
With the Galaxy Note 9 , it appears as though Samsung will do everything in its power to avoid making the same mistake twice. Besides all the leaks, the Galaxy Note 9 has also been showcased in several teasers released by Samsung itself.
A spokesperson for Jolie, Mindy Nyby, however, later denied the rumors, telling People , "The TMZ story is not true". Meanwhile, a second source tells ET, " Brad always fulfills his commitments" when it comes to his children.
Gates testified that Manafort asked him to float Calk, who was on Trump's economic advisory council, for Secretary of the Army. Manafort would ask him to make payments to various vendors or bank accounts in the USA and overseas .
The Colorado Springs Fire Department asked all patrons of the zoo to remain where they are as storms continue to pound the area. A chance of showers with a risk of a thunderstorms may continue Monday evening and over night.
The France global moved to Barcelona in 2016 where he played 46 times and won the double last season with Ernesto Valverde's side. And in quotes appearing in the Liverpool Echo , Digne said: "There is nothing about football, it is just about my parents".
Kim made the name Instagram official so there is no going back! "But like she's so girly". "It's so hard for me", Kardashian said. But it is clear Kim is still not sold, saying: 'Chicago just looks really long to me and doesn't flow, so I call her Chi.
It's killed seven people , including two firefighters who were helping residents evacuate from the affected area. More than 15 major blazes are now burning , according to the California Department of Forestry and Fire.
The CW Casts Ruby Rose As Batwoman
The Australian actress has landed the coveted, titular role role in Batwoman , which The CW is developing as a standalone series. Caroline Dries , who served as a writer and producer on The Vampire Diaries , is set to be the executive producer on Batwoman .
Dead fetus found on plane at LaGuardia Airport
The Medical Examiner issued a statement: "we're investigating what we believe to be a human fetus found deceased on an airplane". The flight, AA-1942, left the Queen City just before 9 p.m. and arrived at LaGuardia's Terminal B at 10:44 p.m.