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Tech & Science Snap keeps making innovative products, but at a cost

05:40  05 february  2020
05:40  05 february  2020 Source:   msn.com

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Snap continues to grow its user base with the release of innovative product features, but those features have come with a steep monetary cost . In its latest earnings call, Snap disclosed that it lost 1 million this past quarter on 1 million in revenue, compared to only 2 million in Q4 of 2018

These innovative products are a perfect novelty to own and sometimes needed to solve a dire problem. These can also be a good gift in any occasion. If you love a life of luxury, the self-stirring mug is for you. The self-stirring mug will keep your coffee frothy and nicely blended till last sip, without

  Snap keeps making innovative products, but at a cost © Illustration by Alex Castro / The Verge

Snap continues to grow its user base with the release of innovative product features, but those features have come with a steep monetary cost. In its latest earnings call, Snap disclosed that it lost $241 million this past quarter on $561 million in revenue, compared to only $192 million in Q4 of 2018 on $390 million in revenue. It did manage to grow its daily active user base by 8 million this quarter, to reach 218 million. However, it’s asking for investors’ patience while it works on making its way to profitability.

In prepared remarks, Snap CEO Evan Spiegel said he’s confident in the company’s “long-term growth and profitability,” particularly as the company invests in “supporting real friendships on Snapchat,” expanding globally, augmented reality, and more content. He also points out that he believes the platform is “still extremely under-monetized” and that the company has a “large volume of high-quality advertising inventory” available, which could suggest that the sales team either isn’t effectively selling Snapchat as a valuable marketing opportunity, or that advertisers don’t see the worth when they have other social media platforms as options for ads. Spiegel says the team is investing in ad technology that’s more effective in targeting ads to specific users.

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These 12 innovative packaging ideas will certainly inspire you to design your very own. The latter would be the best choice for expediency but will come at a cost . But if you really want to do it yourself, the internet has no shortage of useful guides to get you started.

Snap ’s cost of revenue is higher than its revenue. At this rate, its spending to become a hardware and augmented reality company may overshadow its The bull case sees its growth rate bounce back or stabilize thanks to innovative new app features and deft international expansion to foreign teens.

Generally, Snap has introduced neat product features, far ahead of other social networking platforms. It’s given users the ability to 3D paint on their selfies; is creating content based on users’ Bitmoji characters; and is still building its gaming features. The company is also working on ad products, like one it initially launched with Coca-Cola and McDonald’s that allows users to scan either of their logos for an AR experience. Instagram gives advertisers fewer and less flashy ways to reach people, but its scale makes up for that, giving them access to up to a billion users. Snapchat needs to scale if it wants its product features to make money.

Amazon to temporarily stop shipping non-essential products in Italy and France .
The measure is to protect workers at its warehouses, the company says“As customers use e-commerce to support their social distancing efforts, we too have implemented social distancing guidance within our fulfillment centers to keep our employees safe and healthy,” a spokesperson for Amazon in Italy said in an emailed statement to The Verge. Customers can still order many of these products from third-party sellers who are able to ship directly to customers, the spokesperson added. Essential products would include food and hygiene items, he said.

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