Snap's Redesign Just Wrecked First-Quarter Results

There were already plenty of indications that Snap's (NYSE: SNAP)ambitious redesign of Snapchat wasn't going over well with users. Early user reviews were negative, celebrity users bashed it, a social media hoax promising to bring back the old version went viral, and some Snapchat enthusiasts even started a change.

org petition begging for a reversion. CEO Evan Spiegel initially stood behind the new interface, saying the criticisms " really validate those changes."