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Snapchat, according to recent reports, is having cash flow troubles. The app that got famous for its disappearing messages is looking like it will either need to raise a some capital by sometime in 2019 or run the risk of going broke, according to a note by MoffettNathanson.
“While it is obvious that Snap wasn’t prepared for life as a public company, it now has a more pressing problem. It is quickly running out of money,” analyst Michael Nathanson of MoffettNathanson wrote.
Nathanson went on to slash his revenue estimates for Snap Inc. by 7 percent and 15 percent from his 2020 estimates, on the basis of what he identified as Snap’s two leading problems at present: sluggish new-user
Read full article » https://www.pymnts.com/news/mobile-commerce/2018/snapchat-cash-stock-social-media-app-acquisition/
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