Snap keeps its data very close to its vest according to a report in The Daily Beast. The publication's tech reporter Taylor Lorenz who broke this story explains data she uncovered that suggests Snapchat is much more of a chat app than previously perceived.
"I got a hold of 5 months of daily active user information for nearly every feature of the app," said Lorenz. "Only about 20 percent of the app's users use Snapchat Discover." Lorenz said this could be disappointing to Snap investors.
"Internally the consensus is if the stock drops below $10 a share for a significant period of time I think they would walk," said Lorenz who interviewed several former and current employees for this story. Snap is currently rolling out a redesign of the app. Lorenz says this could be a "make or break" moment for the platform.
John Honchariw, CEO and founder of Companion, joined Cheddar News to discuss the first innovative device solely designed to entertain, engage and have fun with your dog all day long. "What we aspire to as a company is to be a supplement to the relationship you have with your dog," he said.
Gusto, which provides cloud-based payroll benefits and HR management software, released its new graduates report with insights into the top industries and regions for this key demographic. Luke Pardue, economist at Gusto, joined Cheddar News to discuss the report's findings and dissect job prospects.
Sam Burns, chief strategist at Mill Street Research, joined Cheddar News to discuss a volatile trading week on Wall Street as the debt ceiling debate continues ahead of the June 1 deadline.
Elon Musk confirmed that former NBC ad executive Linda Yaccarino will be Twitter's next chief executive while Musk will serve as chief technology officer and executive chair. Cheddar News breaks down the new moves.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
