Tajuk : Evan Spiegel just lost about $1 billion on Snap’s first earnings report
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Evan Spiegel just lost about $1 billion on Snap’s first earnings report
Reuters
Snap‘s first earnings report just took a big bite out of CEO Evan Spiegel’s net worth.
Worth about $5 billion heading into the release, according to wealth rankings compiled by Bloomberg, Spiegel will see that slide to roughly $4 billion if Snap’s 25% post-market stock slide continues into regular trading on Thursday.
Spiegel owns about 14% of the company’s shares outstanding, making him the second-biggest shareholder, trailing only co-founder and chief technology officer Robert Murphy.
The swift negative reaction in Snap shares came after the company missed Wall Street profit expectations, while also reporting that user growth slowed to its lowest pace in years.
Snapchat’s weak user growth comes as Facebook has intensified its mimicking of the Snapchat Stories format across its suite of apps. Instagram Stories recently outpaced Snapchat by reaching 200 million daily users.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Reuters
Snap‘s first earnings report just took a big bite out of CEO Evan Spiegel’s net worth.
Worth about $5 billion heading into the release, according to wealth rankings compiled by Bloomberg, Spiegel will see that slide to roughly $4 billion if Snap’s 25% post-market stock slide continues into regular trading on Thursday.
Spiegel owns about 14% of the company’s shares outstanding, making him the second-biggest shareholder, trailing only co-founder and chief technology officer Robert Murphy.
The swift negative reaction in Snap shares came after the company missed Wall Street profit expectations, while also reporting that user growth slowed to its lowest pace in years.
Snapchat’s weak user growth comes as Facebook has intensified its mimicking of the Snapchat Stories format across its suite of apps. Instagram Stories recently outpaced Snapchat by reaching 200 million daily users.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2r12C2r
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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