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Business Matters: Snap Shares Slide As Growth Slows

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Snap Shares Slide As Growth Slows

11/05/2017 GMT

BBC World Service - Business Matters, Snap Shares Slide As Growth Slows

A net loss of $2.2 billion in its first quarter led to shares plunging 20%.

Snapchat is that social media app where the picture or video you receive disappears after a few seconds. Today Snap Inc., the parent company, might have been hoping for a swift disappearance of their first quarterly results, including a net loss of $2.2 bn. Shares plunged 20% on the news. So why isn't Snapchat taking off as people expected? We ask Jeff Gothelf, an Innovation consultant. 

The Brexit negotiations are being followed very closely  in Northern Ireland, where businesses have developed close relationships across the border with the Republic of Ireland. They fear those links maybe put at risk by the return of a hard border. Dominic O'Connell has been looking at the Northern Irish economy.

Moon Jae-In has been sworn in as the new South Korean president, and he already has an invitation on his desk from President Trump to visit Washington.  Thomas Byrne is President of the Korea Society in America. Does he think Washington and Seoul are going to get on now?

All this and more discussed with our two guests throughout the show: Peter Morici, Professor of International Business at the University of Maryland, in Washington and Jasper Kim, Founder and Chief Executive Officer of the Asia-Pacific Global Research Group, in Seoul, South Korea.

(Photo: The Snapchat app logo. Credit: Getty Images.)

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