The initial lift in users that Snap saw from coronavirus lockdowns "dissipated faster than we anticipated as shelter in place conditions persisted."
“At this point, we must acknowledge the turnaround in [the Snapchat maker's] underlying operating trends," one analyst says.
The appointment of Stone to replace Bob Shanks "demonstrates Ford’s continuing transformation to a new age auto company."
Tesla, Snap, Yum Brands, Reading International, Welty Building, GlobalLogic, NextEra Energy, USA Technologies, Horizon Global
While Snap's financials improved slightly during Tim Stone's short tenure, the company's share price continued to ebb.
Drew Vollero helped guide Snapchat's parent through its IPO. But struggles with lackluster user growth and earnings marred his tenure.
The cloud storage company's stock rises more than 40%, giving it a market valuation of more than $12 billion.
The storage firm's offering could be “a bellwether for the fortunes and fates of other outsized startups" that have been waiting to go public.
The reality TV star said she's stopped using Snapchat but it's unclear that she single-handedly wiped more than $1 billion off Snap's market value.
Unless your company is big, profitable, and a category leader, the wisest choice may be to wait.
If economic and market conditions hold, issuance could surpass $50 billion next year, says Renaissance Capital.
S&P Dow Jones Indices and FTSE Russell take a stand against companies that deny shareholders a say in how a company is run.
