Read this article for free.

Already a subscriber? Log in here

Media Facebook

How Long Can Snap Stick to the Story?

May 10, 2017 4:15 PM PDT ·

Comments by Shawn Wang, Jon Kroopf and 1 other Sean Womack

With a little bit of hand waving and a pretty good crack about Yahoo on Wednesday, Snap CEO Evan Spiegel tried to make the point to investors that its disappointing first quarter earnings was nothing to be too worried about.

Sure, the weak user growth wasn’t anywhere near as bad as the alarming slowdown the company saw last summer. But there are no indications that the company is poised to explode from its summer doldrums and grow into the company that could have it fairly valued in the mid-$20 billion range. That’s a problem, as the 23% drop in the stock price indicates.

Read this article for free

This article is part of our archive of over 2,400 stories and is only available to subscribers. To give you a preview of the work we do, you can enter your email to access the full article.

Already a subscriber? Log in here

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.