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Snapchat's abrupt redesign last year led to downgrades on Wall Street.
Shares of the company popped 3% when the news hit markets Wednesday.
Snap's new group video-calling feature could help it reverse seven straight days of losses.
Snap got wrecked Monday, and it's losing more ground Tuesday.
Snap is getting whacked way worse than the Nasdaq Monday.
Snap is hovering around $15 a share Thursday. Job cuts put early pressure on the stock, before the stock began a slight uptick.
Twitter got hit with negative news Tuesday, sending shares down more than 10%.
The battered Nasdaq is showing better signs Wednesday, but is largely flat. Snap is outperforming.
Here are the several reasons Amazon's ad business is set to accelerate, in light of Facebook and Snap's content issues.
Snapchat was forced to pull an ad featuring Rihanna and Chris Brown — but one analyst thinks the bad press could be good for business
Jefferies analyst Brent Thill says the bad news could spur more people to use the app, though, even if it's because they want to see what all the fuss is about.