Homepage / Technology / Snap just failed an important test in trying to fight off Facebook, said Sir Martin Sorrell
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Bahis Sitelerinde Üyelik Bonusu Nasıl Alınır? Find an ideal match with lonely housewife hookup website Master the art of online dirty talk Yeni Başlayanlar İçin En İyi Bahis Siteleri ve Promosyonlar Casino Sitelerinde Hangi Bonuslar Daha Avantajlı? Deneme Bonusları ile Slot Oyunları: Oynamak İçin En İyi Siteler Experience a fantastic and unique option to satisfy brand new people Adjustment in Marriage: 10 Techniques For Newly Married Couples Güncel Bahis Siteleri: Bonus Fırsatları ve Yenilikler 2025’ün En İyi Bahis Stratejileri: Yüksek Oranlarla Kazanma Deneme Bonuslarıyla Oyunları Keşfet: En İyi Siteler Güncel Deneme Bonusları: Hangi Sitelerde Mevcut? Enjoy the greatest adult fuckbook experience now Mature bbw lesbians – find love utilizing the right partner เว็บพนัน ออนไลน์ จับกลางกรุง! บุกทลายฐานเว็บพนันชาวไต้หวันรายใหญ่ เงินหมุนเวียน 500 ล้าน ปี Panduan Lengkap Bermain Slot Online: Strategi & Tips Terbaik Deneme Bonusu ile Ücretsiz Oyun Oynayın Boy Names: Top 1,000 Baby Boy Names in the U S. for 2024 List of most popular given names Wikipedia Mobile Gaming in the UK: Trends, Regulations, and Future Leads Start dating hot moms today – it’s easier than you think Define generative ai 14 Define generative ai 14 How to find the right online gay dating website for you Home Superclones watches Exploring Super Clone Watches: Quality, Accuracy, and Affordability Join the most effective bbw milf dating site today En İyi Bahis Siteleri İçin Seçim Yaparken Nelere Dikkat Edilmeli? At this point, and yet very near | Life and magnificence | Trusted Casino Hellspin Review Leading Online Casino Hellspin Evaluation Mostbet App: Download Mostbet apk for Android & iOS 2024 Ігрові Автомати з Виводом Грошей на Карту ️ Онлайн Ігри на Гривні в Українікращі азартні ігри на гроші з виводом на карту2024-01-08 Taya365 online casino login Tips for conference and dating other bisexual men How to get the right bi partner Exploring the Prospering World of Online Casinos in the UK Meet hot singles and luxuriate in flirty chatting Bahis Siteleri: En İyi Bonuslar ve Promosyonlar Situs Slot Hari Ini Terbaik dan Terpercaya Tahun Ini, Gampang Menang Güvenilir Bonus Veren Siteler ve Detaylı İncelemeler Güncel Giriş, Güvenilir Adres VOX Casino: VOXCasino Promo Code 2025 Get to learn other old gay men inside area Slot Min Depo 10K Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Scatter Hitam Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Top 10 Online Casinos in Deutschland Januar 2025 Get ready to unleash your wildest fantasies Ücretsiz Oyun Deneyimi: Deneme Bonuslarıyla Risk Almadan Kazan Bonuslarla Bahis Keyfini Katlamanın Yöntemleri 2025’te Bahis Oynayarak Kazanç Sağlamanın Yolları Freespin Veren Casino Siteleri ile Daha Fazla Eğlenin Casino Sitelerinde En İyi Bonuslar Nerede? The Ultimate Guide to Free Spins BC.Game Mirror – Discover All Current Mirrors Find regional women seeking intimate encounters Elitecasino’a Katýlým saðlayarak, Hýzla 800 TL Bonus Ýmkaný Kazanýn! Baccarat Tips: Exactly How to Enhance Your Game and Boost Your Chances of Winning Find your perfect gay sex dating site Exploring 7slots in Turkey: A Comprehensive Overview Şartsız Deneme Bonusu Veren Sitelerin Listesi The Power of Tarot Online Free Finest Gambling Enterprises that Approve Bitcoin: The Future of Online Betting MostBet: Kumarhane Eðlencesiyle Dolu Eðlencenin Tadýný Çýkarmak MostBet: Kumarhane Oyunlarýyla Zengin Yeni Nesil Eðlence Deneyimi Understanding Clairvoyant Readings: A Comprehensive Overview Online Online Casinos That Accept PayPal: A Convenient and Secure Payment Choice Сайт казино Pin Up Tips for conference and connecting with seniors whom are interested in dating Spin Casino Review 2025 » Free Spins & Bonus Codes Trusted Casino Games For All Players Best Gay Hookup Websites | FreeHookupsSites The Ultimate Guide to Psychic Analysis Enjoy exciting and safe online dating experiences Relax Your Mind: the way to get the Inside Voices through your Head Find love regarding most readily useful mature dating site usa The Power of Clairvoyant Analyses Uncover the Advantages of Playing at Masalbet Casino Virtual Casino Fairgo Review Wireclub: Program For Internet Dating | Assessment 2023 Discover the many benefits of dating a korean girl and luxuriate in enduring love How discover a couple for woman that fits your needs anabolizantes legales 33 SpinBetter Freispiele⁚ Ein detaillierter Überblick (Stand⁚ 26.01.2025) Стиль и Защита: Чехлы на Телефон и Планшет от Womux com NikaDate.com 2025: Trick Insights Before You Sign up with Elderly Sizzle: Come Across Great Hookups Over 40? | 1win APP: Descargar, Juegos, Casino, APK Chile cl 1win Punjab FC create history with historic 2-1 win against Everton FC SofiaDate Evaluation 2025: Is This Website Worth The Buzz And Cash? bets10’in Kazançlý Slot Oyunlarý Nv Casino: Przewodnik po Świecie Gier Hazardowych Casino Wazamba Online Summary Discover the best local hookup internet sites for meeting wives Leading Gay Dating Apps: My Personal Collection test Télécharger 1win Sénégal apk 1win Sénégal inscription anabolizantes comprar online 9 popochka

Technology

Snap just failed an important test in trying to fight off Facebook, said Sir Martin Sorrell

Software developers are impressed with Facebook’s lead over Snapchat’s platform, which may signal more bad news for Snap, according to advertising mogul Martin Sorrell.

“If you went to the app developers’ conference on the West Coast, at Facebook, the people who I spoke to came away from that saying that Facebook was very successfully countering Snap,” said Sorrell, CEO of advertising giant WPP, which has over 205,000 employees around the world.

In a rare move, Morgan Stanley analysts downgraded Snap on Tuesday, lowering their price target to $16 from $28.

“We have been wrong about SNAP’s ability to innovate and improve its ad product this year,” the analysts wrote.

Although Morgan Stanley’s analysts are separate from the underwriters, Morgan Stanley is one of the firms that took Snap public and priced the IPO.

“That was pretty much a seminal moment,” Sorrell told CNBC’s “Squawk Box” on Wednesday. Snap shares have languished below their $17 IPO price this week, but rose slightly on Wednesday morning.

Facebook and fellow advertiser Google also face issues, Sorrell said. The pair has worked to prevent ads from being shown next to controversial and extremist content, and Google, especially, is still being pressured, according to Sorrell.

But he said that WPP’s clients are still spending gobs more cash on Facebook and Google than on Snapchat.

Last year, WPP spent about $100 million on Snap, and Sorrell said that could grow to $200 million this year. But WPP’s spending on Facebook was about $1.7 billion last year and will be “well over” $2 billion this year, Sorrell said. He added that WPP’s spending on Google should grow from under $5 billion last year to between $5.5 billion and $6 billion this year.

“Snap obviously has been copied — plagiarized you could say — by Facebook, and very successfully so,” Sorrell said.

Paul Meeks, chief investment officer and portfolio manager at Sloy Dahl and Holst, said that Snap should have waited to go public since its business model was too immature, and susceptible to copying by Facebook’s Instagram app.

“I think Facebook is the one to buy, and if you think about Snap, slap yourself and just buy some more Facebook,” Meeks said.

Snap and Facebook did not immediately respond to a request for comment.

Source: Tech CNBC
Snap just failed an important test in trying to fight off Facebook, said Sir Martin Sorrell

Comments are closed.