With a lawsuit for fraud. Shares of the owner of snapchat plunged 14 after the social media firm reported more than 400m in quarterly losses and fewer than expected users. Hello and welcome to World Business report. My name is susannah streeter. In a minute well look at the very expensive business of having a baby. But first, ride sharing giant ubers horrible 2017 continues. In june its co founder, Travis Kalanick, was ousted as Chief Executive after a series of scandals hit the company. He is now being sued forfraud by one of their biggest investors. Dave lee reports in san francisco. When Travis Kalanick was forced out as Chief Executive of uber, he kept as Chief Executive of uber, he kept a seat on the companys board, and also a10 stake in the firm. But since then, it is alleged that he has been concocting a plan to get his seat back. He told allies that he was doing what stevejobs did, having left only to front and the return to apple. It is said that he fraudulently expanded the b
Moment but stocks have opened more low following losses in asia and the us as the war of words between america and north korea rattles investors. And we will talk about the google diversity road, the founder of uber being sued. And as tourists in spain face a backlash from locals protest against Tourism We Wa Nt from locals protest against tourism we want to know have you ever faced hostility on your holidays from the locals . Hello and welcome to Business Live. Snapchat is the Disappearing Messaging service thatjust keeps making money vanish. Its Parent Company snap has seen its share price sink like a stone in after hours trading as it reported widening losses. Snapchat launched in 2012 as a mobile app that allows users to send photos that vanish within seconds. Its been a big hit with millennials but has never made a profit. Perhaps the most keenly watched number by investors is the number of daily active users. That rose to 173 million up only 4 compared with the first three months