Kerry Flynn, business reporter at Mashable, discusses Snap's first year as a public company. The company's IPO debuted on the New York Stock Exchange on March 2nd, 2017.
Flynn weighs in on the volatility of Snap shares since going public. The social media company has struggled with everything from disappointing earnings, to slow user growth, to competition from Instagram. At the end of February, celebrity influencer Kylie Jenner announced that she was using the platform less and less, which caused the stock to spiral downward after weeks of trading higher.
Flynn also shares her thoughts on Cheddar's report that Snap will be releasing a second version of its Spectacles. The first version of the product did not do well with consumers, and Flynn is skeptical that the Spectacles will do any better this time around.
Payments are restarting for student loan borrowers but the FTC is warning about in increased risk of getting scammed. Leslie Tayne, founder of Tayne Law Group, joined Cheddar News to provide tips on how to avoid scams amid confusion over payment plans and restarting dates.
