Snapchat continues to sputter
Found on CNet News on Wednesday, 08 November 2017
The numbers illustrate the fact that Snapchat still faces stiff competition from Facebook and Instagram.
More bad news: Snap also took a $40 million charge to write down unsold Spectacles. Spiegel said the company made the "wrong decision" based on the early sales traction.
Meanwhile, Snap's stock remains well below its post-initial public offering peak price of $29.44 as shares have declined nearly 40 percent since going public.
An application to send photos to someone. That's all it is. The dotcom bubble is still alive and kicking.