Snapchats no longer have to disappear after 10 seconds

This gives Snap an animated GIF-style feature to compete with Instagram's Boomerang. The lenses are spatially aware and allow for an object to be placed into the real world, with Snap saying they will be updated each day. Given Facebook's vast size - it has 1.3 billion people who interact with the social network or one of its apps each day, compared with about 161 million users for Snapchat - investors are closely watching for whatever might keep Snap distinctive and give it a competitive edge. With Facebook continuing to roll out Snapchat-like features across its various platforms (stories variants launched on Whatsapp, Messenger and core Facebook platform, the all new "Instagram Direct"), the pressure on Snapchat's DAU growth is likely to persist. The company also has avoided actions that could boost usage in new countries or among older consumers, saying it would rather focus on improving the experience for its core users. Yes, messages are still deleted under the new sharing options, but they aren't deleted as quickly; they offer users more opportunity to see them (or screenshot them) before they disappear for good. Learn more at IBD's IPO page.

The company floated on the United States stock market for the first time earlier this year, having been valued at more than £20bn ahead of its initial public offering (IPO) in March. Pushing other measurements has been hard for Twitter co-founder Jack Dorsey, who returned to the chief executive role in 2015. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Snap during the first quarter worth $158,000. Twitter's growth was even more significant, more than doubling its revenue and growing its daily active users base 30%. The biggest stock market winners typically make their major price moves within a few months or years of their initial public offerings. Stifel Nicolaus reiterated a "sell" rating on shares of Snap in a research report on Thursday, March 30th.

"It might coincidentally turn out to be relevant", he said.

There are also concerns that Snapchat could have a tough time gaining a big foothold in Asia since there already is a similar social network named Snow that is popular there.


Questions about the latest deals with advertisers could come up when Spiegel and other executives address analysts Wednesday afternoon.

Kang recommends that investors buy Facebook and short Snap (i.e. bet against the stock - the process involves borrowing the stock from a broker and selling it with the aim of buying it back after the price falls and profiting from the difference) because he thinks Snap shares could fall as much as 60%.

Q1 average monthly Mobile Unique Visitors to the Snapchat App grew 107% Y/Y, accelerating vs. Q4's 91% Y/Y growth (though on a 22-pt easier comp).

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