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Snapchat.Blogtrepreneur/Flickr

Thursday, February 8, 2018 8:35 AM UTC
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After an excellent IPO, Snap Inc., the owner of Snapchat has been struggling to prove that it can grow its users as investors expected. Thanks to a recent redesign of the app, the company was finally able to make some headway in this pursuit. User growth surged and as a result, Snap’s share prices also saw a similar upward trajectory.

Snap’s shares skyrocketed a staggering 35 percent on Wednesday after reporting that it was seeing substantial user growth following the redesign, Reuters reports. This pushed the stocks past the $17 per share that the company had during its IPO and now, several Wall Street analysts are already raising their predictions of the company’s prospects.

A lot of this growth is due to the fixes that Snap implemented in the Android version of its app, which has led to increased retention. Now, more people are either signing up for the first time or are coming back to the service and the redesign isn’t available to all users yet.

The platform’s advertising system has also seen some positive momentum, with the auction-based setup making buying ads on Snapchat a snap. This is doesn’t mean that everything is now going to be sunshine and rainbows, however.

Some users are actually angry at the new design, with many asking how they can go back to the old version of the app, Metro reports. Snap did mention to users before the update was launched that the changes might take some getting used to. Based on the social media rants that many users have been posting, however, there are a lot of them that are not willing to give it a chance.

Snap also has to contend with its biggest competition in the form of Instagram, which seems hell-bent on making sure that the selfie-sharing app gets buried and forgotten. The Facebook-owned app has copied what made Snapchat so popular and is intent on outcompeting it in every respect.

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2018-08-17 20:50:14
0m
MOODY'S SAYS DISCREPANCY BETWEEN TURKEY'S CENTRAL BANK'S INFLATION FORECASTS, "UNWILLINGNESS" FOR POLICY TO ACHIEVE THOSE TARGETS UNDERMINES ITS CREDIBILITY
2018-08-17 20:49:42
0m
MOODY'S SAYS TO MANAGE "SOFT LANDING" OF TURKISH ECONOMY IS A CHALLENGE IN LIGHT OF WEAKENED INSTITUTIONS AND INCREASING TENSIONS WITH U.S.
2018-08-17 20:42:35
0m
MOODY'S SAYS PROBABILITY THAT TURKISH AUTHORITIES WILL MANAGE TO ENGINEER A "SOFT LANDING" OF ECONOMY IS DECLINING
2018-08-17 20:42:31
0m
MOODY'S SAYS PROBABILITY THAT TURKISH AUTHORITIES WILL MANAGE TO ENGINEER A "SOFT LANDING" OF ECONOMY IS DECLINING
2018-08-17 20:42:22
0m
MOODY'S SAYS ALSO NOTES THAT TURKEY HAS SUCCESSFULLY MANAGED PREVIOUS SERIOUS ECONOMIC AND FINANCIAL SHOCKS
2018-08-17 20:42:12
0m
MOODY'S SAYS TURKEY'S EXTERNAL FUNDING NEEDS REMAIN SIGNIFICANT, AND THE RISK OF A BALANCE OF PAYMENTS CRISIS CONTINUES TO RISE
2018-08-17 20:42:03
0m
MOODY'S SAYS VIEW OF FURTHER DECLINE IN PREDICTABILITY, EFFECTIVENESS OF TURKEY'S ECONOMIC POLICY MAKING EXEMPLIFIED BY CONCERNS OVER CENTRAL BANK'S INDEPENDENCE
2018-08-17 20:41:57
0m
MOODY'S SAYS ALSO LOWERED TURKEY'S LOCAL CURRENCY BOND AND DEPOSIT CEILINGS TO BA1 FROM BAA2
2018-08-17 20:41:50
0m
MOODY'S ON TURKEY SAYS TIGHTER FINANCIAL CONDITIONS, WEAKER EXCHANGE RATE, LIKELY TO FUEL INFLATION FURTHER, UNDERMINE GROWTH
2018-08-17 20:41:44
0m
MOODY'S SAYS LOWERED TURKEY'S LONG-TERM COUNTRY CEILINGS, FOREIGN CURRENCY BOND CEILING TO BA2 FROM BAA3; FOREIGN CURRENCY DEPOSIT CEILING TO B1 FROM BA3
2018-08-17 20:41:38
0m
MOODY'S SAYS KEY DRIVER FOR TURKEY'S DOWNGRADE IS CONTINUING WEAKENING OF PUBLIC INSTITUTIONS, RELATED REDUCTION IN PREDICTABILITY OF POLICY MAKING
2018-08-17 20:41:31
0m
MOODY'S SAYS DOWNGRADED THE GOVERNMENT OF TURKEY'S LONG-TERM ISSUER RATINGS TO BA3 FROM BA2 AND CHANGED ITS RATING OUTLOOK TO NEGATIVE
2018-08-17 20:41:24
0m
MOODY'S DOWNGRADES TURKEY'S RATINGS TO BA3 AND ASSIGNS NEGATIVE OUTLOOK
2018-08-17 20:41:17
0m
MOODY'S DOWNGRADES TURKEY'S RATINGS TO BA3 AND ASSIGNS NEGATIVE OUTLOOK
2018-08-17 20:41:10
0m
S&P SAYS EXPECT TURKEY'S FISCAL POSITION TO WEAKEN BUT REMAIN SUPPORTIVE OF THE SOVEREIGN RATINGS
2018-08-17 20:41:03
0m
S&P ON TURKEY SAYS BELIEVE THAT GENERALLY HEIGHTENED POLITICAL UNCERTAINTY WILL ALSO LIKELY PUT A BRAKE ON PRIVATE INVESTMENT
2018-08-17 20:40:56
0m
S&P SAYS TURKEY'S BALANCE OF PAYMENTS VULNERABILITIES REMAIN A KEY RATING CONSTRAINT
2018-08-17 20:40:51
0m
S&P SAYS TURKEY'S CURRENT ACCOUNT DEFICIT HAS PEAKED AND WILL DECLINE IN COMING MONTHS
2018-08-17 20:40:43
0m
S&P SAYS ELEVATED INFLATION IN TURKEY BY PASS-THROUGH FROM EXCHANGE-RATE DEPRECIATION WILL ERODE REAL INCOMES, DEPRESSING PRIVATE CONSUMPTION
2018-08-17 20:40:29
0m
S&P SAYS ELEVATED INFLATION IN TURKEY BY PASS-THROUGH FROM EXCHANGE-RATE DEPRECIATION WILL ERODE REAL INCOMES, DEPRESSING PRIVATE CONSUMPTION
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Economics Monitor

August 20 00:00 UTC Released

RUGDP YY Monthly

Actual

1.8 %

Forecast

1.9 %

Previous

1.1 %

August 17 14:30 UTC Released

USECRI Weekly Annualized

Actual

0.3 %

Forecast

Previous

0.6 %

January 31 00:00 UTC 289482289482m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 289482289482m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 301302301302m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 289482289482m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 301302301302m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 289482289482m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 289482289482m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 289482289482m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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