Snapchat, Sky, SSE: Everything that matters this morning
Snapchat results disappoint as CEO admits ‘it’s too difficult to use’
Snapchat’s parent company Snap reported disastrous third quarter results last night (7 November).
Snapchat users only grew 3% (or 4.5 million users) compared to the previous quarter, and faced a hefty $40m charge as a result of misjudging demand for its hardware product Snapchat Spectacles. Its stock sank more than 16% as a result.
In response to slowing user growth, its CEO Evan Spiegel is looking to r
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