socalTECH
AUGUST 5, 2019
Snapchat is expectedf to generate $1.36 billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report. According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. READ MORE>>.
socalTECH
NOVEMBER 8, 2017
Venice, California-based Snap is set to see a punishing day on Wall Street, after reporting poorer than expected third quarter results last night, including poor user growth and sales. Shap continues to lose money, hand over first, reporting it had a net loss of $443.1M on Tuesday to around $13.33 READ MORE>>.
Both Sides of the Table
JUNE 17, 2017
Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. The most obvious way to explain this is with sales people. If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months.
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