Shares in Snap plunged 24 per cent in after-hours trade to US$17.45 following the results.
Evan Spiegel, Snap's secretive 26-year-old CEO, told analysts on a conference call that he thinks about user growth "through the lens of creativity".
"People are going to copy your product if you build great stuff", Spiegel said.
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Rouhani says hardliners must be kept away from Iran's diplomatic levers at a delicate moment in relations with the United States. This year is already looking like a success for the regime, with massive queues reported at polling stations across the country.
The vague response did little to ease Snap's nosediving stock. The company, founded in 2011, lost more than $500 million a year ago on revenue of about $400 million, it disclosed in regulatory filings.
Year-on-year growth in users was 36%, slowing from 48% in the fourth quarter and 63% in the third quarter.
In an interview with CNBC, Snap's chief strategist Imran Khan said, "We made good progress this quarter improving the performance and quality of our Snapchat application, especially on Android, which has helped result in increased net user adds and engagement".
Since the Snap IPO, Facebook has been very aggressive about copying Snapchat. While the company's finances are less than stellar, the good news is that Snapchat's user base has grown a tremendous amount in just the a year ago. "Just because of Yahoo! has a search box doesn't mean they're Google".
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Kernodle & Katon Asset Management Group LLC raised its stake in Southwestern Energy Company by 164.8% in the third quarter. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, April 27th.
Just two months into its life as a public company, Snap is struggling.
The social network argued during its earnings call that numerous teenage users it has can't be reached by traditional television or print advertising, according to the Verge.
The question has been whether Snap can quickly grow its user base and, in time, turn a profit.
Snap shares got destroyed in the aftermath of the social network's first earnings report, likely hitting younger investors the most, according to data from Wall Street brokers.
Joe Lieberman is front-runner for Federal Bureau of Investigation director
Lieberman traveled to the White House on Wednesday on short notice for an interview and afterward said it was a "good meeting". He has spent part of his time as the co-chairman of a group called No Labels that seeks solutions by both political parties.
Shares in Twitter (NYSE:TWTR) and Facebook also slid after they posted debut scorecards. Unfortunately, it wasn't enough to prevent investors from making a run for it. Twitter was hurt by concerns about slowing user growth (sound familiar?).
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