Investors will be laser focused on whether the newly public social media company can demonstrate user growth, narrowing losses and momentum in its advertising business. On top of that, Snap also faces pressure to show that it's successfully fending off competition from Facebook Inc. (FB) , which has mimicked feature after feature from its younger social media rival.
But some have begun to acknowledge that Snap isn't going to grow as fast as Facebook or Instagram. Snap CEO Evan Spiegel's user strategy seems to indicate this. On the company's first-quarter earnings call, Spiegel and other executives said Snap isn't concerned with entering developing markets right now; instead, Snap is focusing on core geographies like North America and Europe, where engagement has proven to be consistently high.
The electric carmaker is said to be nearing the completion of a prototype of the trucks, according to an email obtained by Reuters between Tesla and the Nevada Department of Motor Vehicles.
TheStreet explains why these robot trucks sucks for billionaire Warren Buffett.
Tesla stock traded down 1.2% to $359.16 midday Thursday.
The new tab will be available to select users in the U.S. from Thursday before it is released more widely and feature professionally produced short-form content from partners including, A&E, Hearst, Major League Baseball and National Geographic.
Facebook stock traded down 1.93% to $167.88 midday Thursday.
Read full story by TheStreet's Lisa Botter here.
Be Worried About Blue Apron
The market first cheered Blue Apron's (APRN) better than expected second quarter loss. But, then shares reversed and are now tanking more than 15%.
Beneath the surface there are serious concerns.
- The company continues to burn through cash at an alarming rate.
- The company slashed marketing expenses from the first quarter, and the number of customers subsequently dropped 9%.
- The use of even more premium ingredients to satisfy lazy millennials clipped profits.
If you want to lose money, this is the stock for you.
Blue Apron stock nosedived 16% to $5.28 per share midday Thursday.
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