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|NEW YORK Jermey Parnell Jaguars Jersey , Aug. 11 (Xinhua) -- Shares of Snap tumbled over 10 percent and hit an all-time low Friday, after the social media company posted weaker-than-expected second quarter financial results.
After Thursday's closing bell, Snap reported smaller-than-expected quarterly revenue of 181.67 million U.S. dollars and larger-than-expected quarterly net loss of 443.09 million U.S. dollars.
Meanwhile, the firm also reported a disappointing growth in its daily active users.
It announced that its daily active users grew from 143 million in the second quarter 2016 to 173 million in the same period 2017, an increase of 21 percent year on year.
The company pointed to the fact that more than 25 percent of all smartphone users in the U.S., the U.K. Brandon Linder Jaguars Jersey , and France are now using Snapchat every day, which is a positive sign.
"I think this could also mean that the market of potential users is dangerously approaching a saturation point," said Stephen Guilfoyle, president of Sarge986 LLC, in a note.
Snap made its trading debut on the New York Stock Exchange (NYSE) in March 2017, in the largest technology initial public offering since Alibaba.
However Josh Lambo Jaguars Jersey , the newly public social media company has been facing severe competitions from tech giants like Facebook.
The California-based Snap is the parent company of Snapchat, a social-media app which is beloved by teenagers.
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WASHINGTON, Aug. 10 (Xinhua) -- For a second consecutive day, U.S. President Donald Trump took to Twitter to fire at Senate Majority Leader Mitch McConnell over a protracted GOP failure to repeal and replace the country's current health care system.
"Can you believe that Mitch McConnell, Who has screamed Repeal & Replace for 7 years, couldn't get it done Marqise Lee Jaguars Jersey ," Trump made a tweet on Thursday morning.
The attacks on McConnell came less than a day after Trump pushed back the Kentucky Republican's early remarks that suggested the president's lack of experience in legislating had resulted in "excessive expectations" for passing a major bill.
The Senate rejected late July the latest GOP health care draft, a move that sank Trump's bid to repeal and replace the Affordable Care Act, commonly known as the Obamacare, after three Republican senators crossed party lines to join Democrats.
The sparring marked the strained relations and frustrations between Trump and Republican congressmen, who have achieved little progress in legislative agenda since January despite the Republicans control both the House and Senate.
In an evening event at his home district on Monday, McConnell told audience that he found it "extremely irritating" that there is an impression that Congress is underperforming.
"Part of the reason I think the storyline is that we haven't done much is because Tashaun Gipson Jaguars Jersey , in part, the president and others have set these early timelines about things need to be done by a certain point," McConnell said.
Trump, a political newcomer who "has not been in this line of work before," had "excessive expectations about how quickly things happen" in legislative progress, the senior Republican stressed.
While on a 17-day "working vacation" at his golf club in Bedminster in the state of New Jersey Brad Nortman Jaguars Jersey , Trump took the first shot at McConnell's criticism on Wednesday.
"Senator Mitch McConnell said I had 'excessive expectations,' but I don't think so," Trump wrote in a tweet. "After 7 years of hearing Repeal & Replace, why not done?"
Joining the attacks on McConnell's Kentucky remarks was Dan Scavino Jr., the White House social media director.
McConnell "must have needed another 4 years - in addition to the 7 years - to repeal and replace Obamacare," the outspoken Trump aide tweeted Wednesday in a satirical tone.
Trump has remained bitter since Republicans failed to advance a bill through Senate to repeal and replace the Obamacare Abry Jones Jaguars Jersey , a pledge that the GOP has made since 2010 and also a major promise of Trump's 2016 campaign.
Following the collapse of the GOP repeal efforts, Trump vented his anger over Republicans, saying GOP senators "look like fools" while urging them to change Senate rules to make it easier to pass bills.
However, the Senate was already voting under "budget reconciliation" rules, which would allow bills to be passed with a 51-vote majority.
Were it not for the three defections, the GOP health care draft could have been passed as Republicans have a 52-48 majority in the Senate.
A steadfast supporter of Trump congressional agenda Malik Jackson Jaguars Jersey , McConnell orchestrated the confirmation of Trump's Supreme Court pic, Neil M. Gorsuch, considered the Trump's largest win on Capitol Hill to date, but the Senate majority leader has repeatedly suggested the president tweet less.
Despite frustrations over the health care setback, Trump still needs McConnell to unite the Republicans as the party seeks to take on tax reform, funding for a border wall Barry Church Jaguars Jersey , debt ceiling, and even a revived push to repeal Obamacare when lawmakers return from the August recess.
Softening his stance in a tweet Thursday afternoon, Trump urged McConnell to "get back to work" on bills, including health care repeal, tax policy, and infrastructure A.J. Bouye Jaguars Jersey , saying "you can do it!"
"Attacking the Senate majority leader of your own is utterly incomprehensible and completely wrongheaded," said Republican strategist Michael Steel.
"There is no positive result for t Colorado River rafting is.