World business report. Snapjudgement investors punish the firm behind snapchat. As the messaging apps results disappoint, its shares plunge 23 . Plus borderline anxiety. Businesses in Northern Ireland fear for the future on britains post brexit frontier. Welcome to World Business report. Im tanya beckett. Also coming up a strong year forjapanese tech giant softbank. But first we start with snap, the Company Behind the messaging app snapchat. In case you arent familiar with it, it lets you send photo messages which disappear after a few seconds, and it seems the confidence of investors has gone missing almost as fast. Snaps shares have plunged in after hours trading, on its first set of Financial Results since that huge Flotation Back in march. Lets show you the details. This is how much they lost in the first three months of the year 2. 21 billion. That is a massive jump on the losses this time last year. It is mostly because of huge stock option payouts to staff in the ipo. But here i
To stay on hold of a record low of 0. 25 . And the company that created photoshop, well be speaking to the boss of the Software Firm adobe, shantanu narayen. Today we want to know, do you use snapchat . What do you use it for . Let us know. Just use the hashtag bbcbizlive. I know that tanya is a user of snapchat, i have seen the selfies and we start with snap, the Company Behind the messaging app snapchat. It lets you send photo messages that disappear after a few seconds. But it seems the confidence of investors has gone missing almost as fast. Snaps shares plunged in after hours trading on its first set of Financial Results since that huge Flotation Back in march. Snap lost 2. 21 billion in the first three months of the year. Thats way more than the same time last year. Why . Well, mostly because of huge pay outs to staff with Stock Options in the flotation. But heres the number investors are really looking at. By the end of march 166 Million People were using snapchat every day. Tha