Vanishing app: Snapchat struggles as Facebook bites back

Losses are steep and user growth is anaemic leaving investors fearful the latest ‘new Facebook’ has run out of steamIs Snapchat – the social media app famous for its disappearing messages – in danger of doing a vanishing act of its own? It’s a question some are asking after investors turned on the company again this week following a second set of poor results which have turned a once-hot tech company into a stock market casualty.The losses alone were steep. Snapchat