Snap Misses Forecasts for New Users and Sales

The transcript discusses Snapchat's growth challenges, competition with Facebook, financial performance, and strategies to improve user engagement. It highlights the impact of Facebook's Instagram on Snapchat's user growth and the financial disappointment in Snapchat's first quarter post-IPO. The discussion also covers Snapchat's efforts to enhance user engagement and the credibility issues faced due to missed expectations.

How did Snapchat's stock-based compensation expense impact its financial performance?

What was the average revenue per user (ARPU) for Snapchat in the first quarter of 2017?

What challenges does Snapchat face from competitors like Facebook?