CNN is cancelling its Snapchat show, The Update, reportedly because “there wasn’t a clear enough path to make money.” Though Snapchat is one of teens’ favorite apps, the company has struggled to monetize its success and appeal to advertisers.

CNN is cancelling its Snapchat show, The Update, reportedly because “there wasn’t a clear enough path to make money.” Though Snapchat is one of teens’ favorite apps, the company has struggled to monetize its success and appeal to advertisers. Several hopeful networks have rolled out content on the platform, but this move from CNN could be a bad omen and “a setback for Snap.” The Update was only on for four months, but accrued avid fans in that time—meaning the rumors that the money just wasn’t there may be true. However, Snapchat’s promised updates could help turn the tide. (Mashable, Forbes)