Nov 15, 2024 | Updated: 11:35 AM EDT

Snapchat Trains Gun To Android In Seeming Roadshow To Buoy Up Snap's IPO

Feb 20, 2017 12:00 AM EST

Snapchat is training its gun and firepower to make well in Android even while it is well-established in the U.S. market where its users' phones are predominantly using iOS. The company is dead-set to go out from its home turf and make a huge presence to markets across the world via Android focus in seeming roadshow to entice investors to the $3.6 billion initial public offering (IPO) of its parent company Snap.

Snapchat's top-conscious developers have already made innovations and enhancements on its Android app. Soonest the company will launch the final upgraded app most compatible to Android. In fact, Snapchat CEO Evan Spiegel took to Reddit days ago to respond to hostile but suggestive comments to few of Snapchat's performance issues hitting its Android app.

"We hear you. Significant Android performance improvements coming early next week, more to follow through the end of the year," Spiegel commented on Reddit. He vowed an upgrade in the next few days to come.

Meticulous Snapchat users are complaining on Reddit there is a problem of failing users' experience in the app's performance on Android mobile operating system. "It's down or no signal many, many times over," they chorused.

Online gripes come even as Snap made its stock debut early February 2017 even while skeptics hurled speculations that the upgrade promises of Snapchat was only a cover for Snap's revenue loss in 2016 and to buoy up its IPO. But Snapchat is sleuthed of its failing metrics.  

Forbes carried an expository commentary that Snapchat's metrics in the last two-quarters of 2016 had dropped rock bottom to 7% and 3%, respectively. In the 1st and 2nd quarters of the year, it had daily active users (DAUs) of 15% (quarter on quarter) and 17% (QoQ), respectively. Forbes tech contributor-commentator Eric Jackson hinted that the huge drop indicated the slow growth of Snapchat and caused for Snap's IPO.

He advised investors to be wary on Snap's IPO, dropping a comparative statistics about Snapchat that made $404 million in revenue last year but it made $322-million hosting deal with Google three days before the IPO. When Snap made its high-profile stock debut it consequently bared in public its net loss of $514.6 million for the year 2016 even while the small gaining Snapchat still took pride of its 158 million daily active users by the end of December 2016.

The loss revelation of Snap has not yet made big jolts to still Snapchat. But Spiegel's blowing of opportunity to cash in on from $3 billion offer of Facebook mega-billionaire Mark Zuckerberg in 2013 continues to cast a gallivanting shadow to the high viability of Snap and its Snapshop. Whether a venture to cover for bad tracks, Snapchat's move to go for Android in the next coming days is eagerly awaited by its users.

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