Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
Since the company went public in February, Snapchat has been dealing with a slow user growth and suffered a heavy financial loss in the third quarter of this year. This is mostly due to apps like Facebook who have been able to replicate some of their core features on both Facebook and Instagram.
These apps are more user-friendly and already have a wider user base leaving Snapchat in the background. Snapchat is reportedly working on a new feature that will allow users to share their contents on other platforms. The feature is called ‘Stories Everywhere’ and Snapchat hopes it would help balance the scales with their competition.
Snapchat has already made some changes to their app since they went public particularly with their discover feed giving slots to professional print, entertainment, news and online outlets. All these changes are geared towards a more productive and user inclusive Snapchat app.
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