What’s behind Snapchat’s financial difficulties?
Social media app Snapchat reported a loss of $2.2bn in the first quarter of 2017.
The photo-sharing app Snapchat lost $2.2bn in the first quarter of this year.
Many of its pioneering features have already been cloned by bigger rivals.
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Much of Snapchat’s poor showing has been blamed on competition from Facebook.
The social media giant has added features that are very similar to Snapchat to three of its platforms – Instagram, Whatsapp and Facebook Messenger.
Some say that’s taken away Snapchat’s edge.
So, does this matter to you, the consumer?
Presenter: Martine Dennis
Guests:
Jasper Lawler – Senior Market Analyst for the London Capital Group, who specialises in the tech sector.
Aral Balkan – A Cyborg Rights Activist tracking Digital Media.
Nishanth Sastry – Senior Lecturer in Informatics at King’s College London.