Snap CEO Spiegel says older users for Snapchat along with new marketing will produce profits in 2019

This has not been a good year for Snapchat parent Snap. The company's stock has nearly been cut in half over the last 12 months followi...

This has not been a good year for Snapchat parent Snap. The company's stock has nearly been cut in half over the last 12 months following a redesign that no one liked. And to make matters worse, Instagram is having much more success with the stories feature that Snapchat created. Even though Instagram debuted its stories five years after Snapchat did, this June the Facebook owned picture and video sharing site had twice the number of daily active users for its stories feature than Snapchat did.

A memo written by Snap Chief Executive Evan Spiegel on September 26th has ...

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