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SNAP

Snap Inc.

https://www.snap.com

Industry

Internet Content & Information

Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.

Open

10.71

Mkt cap

18B

Volume

16M

High

10.71

P/E Ratio

-18.28

52-wk high

17.90

Low

10.49

Div yield

N/A

52-wk low

8.29

Shopify has announced an upgraded version of Shopify Audiences, which now connects to more ad channel partners including Snap, Criteo, and TikTok.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:20 pm

Meta Platforms, Inc. (NASDAQ:META) plans to introduce a series of AI chatbots with distinct personalities across its social media apps to engage a younger demographic. The bots, known as Gen AI Personas, will be unveiled at the Meta Connect conference. They are designed to assist in various tasks and are part of a strategy to compete with platforms like TikTok. Snap Inc. (NYSE:SNAP) has also adopted AI chatbots, engaging 150 million users and enhancing advertising avenues.

Portfolio Pulse from Bibhu Pattnaik

September 24, 2023 | 5:47 pm

U.S. Supreme Court's Justice Alito has extended a temporary freeze on a ruling that restricts the Biden administration's contacts with social media companies. The specific companies involved are not mentioned in the summary.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:15 pm

Snap Inc's paid service, Snapchat+, has attracted over 5 million subscribers, contributing to an estimated annual revenue of $240 million. The service offers users early access to premium features for $3.99 per month. The success of Snapchat+ stands out as social media companies explore various paid models. Snap's Q2 revenue was $1.07 billion, down 4% YoY, but above consensus of $1.05 billion.

Portfolio Pulse from Anusuya Lahiri

September 21, 2023 | 6:54 pm

South Korean police have accused 17 U.S. soldiers and five others of illegally distributing or consuming synthetic cannabis, smuggled in via the U.S. military postal service. The soldiers allegedly used Snapchat, owned by Snap Inc (NYSE:SNAP), for this operation. No soldiers have been arrested, but charges have been recommended against all 22 individuals involved.

Portfolio Pulse from Nina Zdinjak

September 21, 2023 | 2:19 pm

Patrick Spence, the CEO of Sonos, has joined the board of directors at Snap Inc.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:11 pm

Snap Inc. has seen a significant increase in call options for September 29 at $10. The volume of 2134 is higher than the open interest of 1882. Snap's earnings report is expected on October 19 after market close. The reference price is $9.43.

Portfolio Pulse from Charles Gross

September 13, 2023 | 3:02 pm

Genius Sports has partnered with Snap to provide immersive Snapchat lenses powered by Verizon's 5G network, featuring live NFL scores and replays. Genius Sports is the NFL's exclusive distributor of real-time statistics and sports betting data. The Snapchat lens is exclusive to Verizon customers. Snapchat has over 750 million monthly users worldwide.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:04 pm

Snapchat photos taken on Apple's iPhones often exhibit superior quality compared to those taken on Android devices due to the way Snapchat interacts with different operating systems. Snapchat developers found it difficult to optimize the app for all Android smartphones, resulting in a lackluster user experience. To ensure uniformity across Android devices, Snapchat often takes a screenshot or screen grab of the camera view, sacrificing image quality in the process.

Portfolio Pulse from Ananya Gairola

September 12, 2023 | 7:28 am

Insiders at Amazon, Zoom Video Communications, Yelp, and Snap have recently sold shares. Yelp and Zoom reported better-than-expected quarterly results. Snap announced a significant leadership change in its India operations. Amazon's cloud computing technology will be used by BMW for the development of semi-autonomous driving features in its forthcoming electric vehicles.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 11:55 am

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