(Reuters) – Snap Inc (SNAP.N) is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board as Wall Street clobbered it for another quarter of slowing user growth.A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas JacksonThe Venice, California-based firm, whose March stock market debut was the hottest of any tech stock in years, reported revenue and user growth for the third quarter well below Wall Street expectations as it struggles to compete with Facebook Incs (FB.O) Instagram.Snaps shares tumbled as much as 20 percent in after-hours trading, before paring losses to trade at $12.57. Snap went public at a price of $17 a share.Snap has disappointed investors each quarter of its brief existence as a public company.
Källa: Snapchat launches redesign as growth disappoints Wall Street
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