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Snapchat parent company Snap announced its Q1 2019 earnings after markets closed on Tuesday.
Snapchat parent company Snap is scheduled to report first-quarter earnings after the bell on Tuesday.
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Snap was downgraded from "outperform" to "neutral" by Wedbush analyst Michael Pachter due to valuation concerns.
Snap bear and Morgan Stanley analyst Brian Nowack has grown more positive on the company, but still thinks shares have 30% downside.
Critical to improving earnings will be raising user numbers, which have stalled spectacularly over the past two years.
Uber’s disclosure that it may never be profitable coincides with the return of a danger-signal from the dot-com crash
More companies than ever are going public without any profits to speak of, with tech firms like Uber leading the charge.
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The new Android app may help Snapchat to stop its decline in daily users that it's seen.