Snap Interactive (STVI) Q3 2016. A sinking ship?

http://irdirect.net/pr/release/id/2192780
http://sports.yahoo.com/news/snap-interactive-reports-results-quarter-192300319.html

SNAP revenues decreased 16.1% for the nine months ended September 30, 2016 relative to the comparable period in 2015, primarily driven by a 15.2% decrease in advertising expense in 2016

SNAP net cash used in operating activities for the nine months ended September 30, 2016 decreased by approximately USD 383 thousand, or 32.3%, compared to the same period in 2015, based on continued cost reductions and the ongoing realization of operating efficiencies 

(STVI) 'Snap' Trademark Fight Waged Ahead Of Snapchat IPO
http://onlinedatingsoundbarrier.blogspot.com.ar/2016/10/stvi-snap-trademark-fight-waged-ahead.html

Snap Interactive (STVI) Announces Proposed Merger With Group Video Chat Platform Paltalk
http://onlinedatingsoundbarrier.blogspot.com.ar/2016/08/snap-interactive-stvi-announces.html

Silicon Valley’s big unicorn: Snapchat
http://onlinedatingsoundbarrier.blogspot.com.ar/2016/05/silicon-valleys-big-unicorn-snapchat.html