0
Wireless

Snap aiming for FY profitability in 2019 - CEO

Friday 5 October 2018 | 14:34 CET | News
Snap CEO Evan Spiegel is aiming to reach a goal of full-year profitability in 2019, according to a memo seen by news service Cheddar. Although Spiegel recognised that the recent redesign of the Snapchat app had been "rushed", he said the company would be revamping its marketing strategy with a view to attracting older users, growing its active advertiser base and luring more subscribers in emerging countries. "In our excitement to innovate and bring many new products into the world, we have lost the core of what made Snapchat the fastest way to communicate," said Spiegel in the memo.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Snap / Snapchat
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Snap creates position of head of diversity and inclusion

Published 24 May 2019 09:51 CET | World
Snap has hired Oona King, the former director at Google of its diversity strategy, to be the company's first head of diversity ...

Snap grows user base in better-than-expected Q1

Published 24 Apr 2019 09:38 CET | World | Update: 24 Apr 2019 11:35 CET
Snap, the owner of the Snapchat app, said revenues passed expectations and that its user base rose 2 percent from the previous ...

Snap Q4 results better than expected, with user base stable, reduced losses

Published 06 Feb 2019 08:45 CET | World
Snap, the owner of the Snapchat app, reported revenues for the fourth quarter up 36 percent year-on-year to USD 390 million, ...

Snap to lose CFO Stone

Published 16 Jan 2019 09:29 CET | World
Snap will be losing its second CFO, according to filings sent to the SEC. CFO Tim Stone, who succeeded Drew Vollero in May 2018, ...

Snap appoints new chief communications officer

Published 11 Dec 2018 11:20 CET | World
Snap CEO Evan Spiegel has appointed Julie Henderson as the company's new chief communications officer. Henderson will report ...

Snapchat Shows adds new serial content from UK producers

Published 30 Oct 2018 14:47 CET | United Kingdom
Snap is expanding the Snapchat Shows TV offering by adding 25 new shows out of the UK, TechCrunch reports. These will be from ...

Snap users fall again in Q3 while revenues hit new record

Published 26 Oct 2018 09:26 CET | World
Snap reduced its losses and grew revenues in the third quarter but showed another drop in users of its app Snapchat, a trend ...

Snapchat, Amazon roll out visual product search

Published 25 Sep 2018 09:52 CET | World
Snapchat has announced that it's partnering with Amazon to introduce a new visual search feature, confirming earlier reports. The ...

Snap launches 2 new models of Spectacles

Published 06 Sep 2018 11:13 CET | World
Snap has launched two new models of its Spectacles. The 'Nico' and 'Veronica' models both come in black-on-black with polarized ...

Snap sees drop in active users in Q2, revenues still up 44%

Published 08 Aug 2018 08:54 CET | World
Snap reduced its losses and grew revenues in the second quarter but showed a drop in users of its app Snapchat. Daily active ...

Snap tries to bring back the old Snapchat

Published 14 May 2018 09:42 CET | United States
Snap has started implementing new design changes to its Snapchat app, following calls for the company to bring back its original ...

Snap growth slows in Q1 as app redesign weighs on results

Published 02 May 2018 09:33 CET | World
Snap reduced its net loss for the quarter to USD 385.78 million from a loss the year earlier of over USD 2.2 billion. The ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan KPN Q4 2019
29 Jan Elisa Q4 results
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan NTT Docomo fiscal Q3
30 Jan Verizon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan Amazon Q4 2019
30 Jan The Things Conference
30 Jan FCC meeting
31 Jan Charter Q4 2019
::: More Calendar Items