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Snapchat’s First Earnings Report Shows $2.2 Billion Loss Last Quarter

May 11, 2017
 Outside Source

Contributor

Today’s news from Wall Street — its first-ever earnings report as a publicly traded company — was not great for Snapchat and its fearless leader Evan Spiegel. User growth on the app seems to have slowed markedly: During the first quarter — so, that’s the first three months of 2017 — Snapchat reports 8 million new daily users, making for a 36 percent year-on-year growth compared to Q1 2016. Which is good, sure, but means the company has only picked up 5 million users since going public, an event which, if you’re Evan Spiegel, should have meant a significantly larger bump.

Snap’s revenue also fell short of industry expectations, reporting a Q1 revenue of $149.65 million, nearly $10 million off the expected $157.98 million. As for the company’s stock, which was expected to drop $1.92 per share, shares fell $2.31. The company’s net loss for the quarter came in at $2.2 billion.

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Trump lawyer Alan Dershowitz: Dems have nothing impeachable or 'they would have done it already'

Lior Mizrahi / Getty Images

On the "Glenn Beck Radio Program" Monday, Harvard Law professor and lawyer on President Donald Trump's impeachment defense team Alan Dershowitz explains the history of impeachment and its process, why the framers did not include abuse of power as criteria for a Constitutional impeachment, why the Democrats are framing their case the way they are, and what to look for in the upcoming Senate trial.

Dershowitz argued that "abuse of power" -- one of two articles of impeachment against Trump approved by House Democrats last month -- is not an impeachable act.

"There are two articles of impeachment. The second is 'obstruction of Congress.' That's just a false accusation," said Dershowitz. "But they also charge him, in the Ukraine matter, with abuse of power. But abuse of power was discussed by the framers (of the U.S. Constitution) ... the framers refused to include abuse of power because it was too broad, too open-ended.

"In the words of James Madison, the father of our Constitution, it would lead presidents to serve at the will of Congress. And that's exactly what the framers didn't want, which is why they were very specific and said a president can be impeached only for treason, bribery, or other high crimes and misdemeanors," he added.

"What's alleged against President Trump is not criminal," added Dershowitz. "If they had criminal issues to allege, you can be sure they would have done it. If they could establish bribery or treason, they would have done it already. But they didn't do it. They instead used this concept of abuse of power, which is so broad and general ... any president could be charged with it."

Watch the video below to hear more details:



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Bill O'Reilly: Here's why Michael Bloomberg is likely betting on a brokered Democrat convention

Oli Scarff / Getty Images

On Friday's radio program, Bill O'Reilly joins Glenn Beck discuss the possible outcomes for the Democrats in 2020.

Why are former President Barack and First Lady Michelle Obama working overtime to convince Americans they're more moderate than most of the far-left Democratic presidential candidates? Is there a chance of a Michelle Obama vs. Donald Trump race this fall?

O'Reilly surmised that a post-primary nomination would probably be more of a "Bloomberg play." He said Michael Bloomberg might actually stand a chance at the Democratic nomination if there is a brokered convention, as many Democratic leaders are fearfully anticipating.

"Bloomberg knows he doesn't really have a chance to get enough delegates to win," O'Reilly said. "He's doing two things: If there's a brokered convention, there he is. And even if there is a nominee, it will probably be Biden, and Biden will give [him] Secretary of State or Secretary of Treasury. That's what Bloomberg wants."

Watch the video below to catch more of the conversation:

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BREAKING: John Solomon files lawsuit seeking records to expose Ukraine corruption and impeachment fraud

The Washington Post / Getty Images

On the "Glenn Beck Radio Program" Friday, award-winning investigative reporter John Solomon, a central figure in the impeachment proceedings, explained his newly filed lawsuit, which seeks the records of contact between Ukraine prosecutors and the U.S. Embassy officials in Kiev during the 2016 election.

The records would provide valuable information on what really happened in Ukraine, including what then-Vice President Joe Biden and his son Hunter were doing with Ukrainian energy company, Burisma Holdings, Solomon explained.

The documents, which the State Department has withheld thus far despite repeated requests for release by Solomon, would likely shed light on the alleged corruption that President Donald Trump requested to be investigated during his phone call with the president of Ukraine last year.

With the help of Southeastern Legal Foundation, Solomon's lawsuit seeks to compel the State Department to release the critical records. Once released, the records are expected to reveal, once and for all, exactly why President Trump wanted to investigate the dealings in Ukraine, and finally expose the side of the story that Democrats are trying to hide in their push for impeachment.

"It's been a one-sided story so far, just like the beginning of the Russia collusion story, right? Everybody was certain on Jan. 9 of 2017 that the Christopher Steele dossier was gospel. And our president was an agent of Russia. Three years later, we learned that all of that turned out to be bunk, " Solomon said.

"The most important thing about politics, and about investigations, is that there are two sides to a story. There are two pieces of evidence. And right now, we've only seen one side of it," he continued. "I think we'll learn a lot about what the intelligence community, what the economic and Treasury Department community was telling the president. And I bet the story was way more complicated than the narrative that [House Intelligence Committee Chairman] Adam Schiff [D-Calif.] has woven so far."

Watch the video below to catch more of the conversation:

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

EXCLUSIVE INTERVIEW with Carter Page: Smeared by the Russia hoax, betrayed by his country

Chip Somodevilla / Getty Images

Carter Page, a former advisor to Donald Trump's 2016 presidential campaign, found himself at the center of the Russia probe and had his reputation and career destroyed by what we now know were lies from our own intelligence system and the media.

On the TV show Thursday, Page joined Glenn Beck to speak out about how he became the subject of illegal electronic surveillance by the FBI for more than two years, and revealed the extent of the corruption that has infiltrated our legal systems and our country as a whole.

"To me, the bigger issue is how much damage this has done to our country," Page told Glenn. "I've been very patient in trying to ... find help with finding solutions and correcting this terrible thing which has happened to our country, our judicial system, DOJ, FBI -- these once-great institutions. And my bigger concern is the fact that, although we keep taking these steps forward in terms of these important findings, it really remains the tip of the iceberg."

Page was referencing the report by Justice Department Inspector General Michael Horowitz, which revealed that the FBI made "at least 17 significant errors or omissions" in its Foreign Intelligence Surveillance Act (FISA) applications for warrants to spy on Page, a U.S. citizen.

"I think this needs to be attacked from all angles," Glenn said. "The one angle I'm interested in from you is, please tell me you have the biggest badass attorneys that are hungry, starving, maybe are a little low to pay their Mercedes payments right now, and are just gearing up to come after the government and the media. Are they?"

I can confirm that that is the case," Page replied.

Watch the video clip below for a preview of the full-length interview:

The full interview will air on January 30th for Blaze TV subscribers, and February 1st on YouTube and wherever you get your podcast.

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