Streetbeat News

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

Shares of social media stocks, including Pinterest (PINS) and Snap Inc. (SNAP), are trading lower due to overall weakness in tech-related sectors, which is attributed to rising yields.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:37 pm

The article lists the stocks that gained and lost the most during Wednesday's mid-day trading session. Among the gainers were Palisade Bio, FOXO Technologies, iCoreConnect, Marin Software, and AeroVironment, which all saw significant increases in their share prices due to various positive developments. On the other hand, EZGO Technologies, Verb Technology Company, The Alkaline Water Company, Lion Group Holding, and Akoustis Technologies were among the biggest losers, with their share prices falling due to various negative developments.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 5:16 pm

Snap Inc. (NYSE:SNAP) shares are trading lower on heavy volume, pulling back after gaining more than 6% over the last five days. More than 23.1 million shares have been traded in the session, compared to the stock's 100-day average of 26.436 million shares. 7.8% of available shares are being sold short.

Portfolio Pulse from Erica Kollmann

September 06, 2023 | 4:45 pm

Insiders at Snap Inc. (SNAP), Moderna Inc. (MRNA), McDonald's Corporation (MCD), and United States Steel Corporation (X) have recently sold shares. Snap announced a significant leadership change in its India operations. Moderna entered a cancer collaboration with CARsgen. McDonald's Japan introduced a new theme to their Happy Set. United States Steel engaged in confidentiality agreements with several interested parties and began sharing due diligence information.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 11:57 am

Bumble Inc (NASDAQ: BMBL) is taking steps to combat issues related to bots, spam, ghosting, and doxing on its platforms, including Badoo. The company has introduced measures to maintain user experience integrity, including prohibiting artificial manipulation of connections, matching, conversations, or engagement. Bumble has blocked over 8.2 million accounts this year using AI-driven detection mechanisms. The company is also addressing ghosting and doxing issues, categorizing them as violations of its policies.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 3:05 pm

This week's AI news includes President Biden's push for AI regulations, urging companies like Microsoft, Alphabet, Google, and OpenAI to develop AI responsibly. Snap's AI feature experienced a glitch, raising concerns about generative AI. Nvidia and Tesla are suggested to have a future where AI autonomy and GPU technology converge. Elon Musk discontinued TikTok use due to its powerful AI algorithm. A U.S. District Court ruling declared that AI-generated artworks do not qualify for copyright protection.

Portfolio Pulse from Benzinga Neuro

August 27, 2023 | 2:00 pm

A significant number of Snap Inc. (SNAP) call options for September 8 with a strike price of $10 were purchased near the ask price. This indicates a bullish sentiment among investors. Snap's earnings report is expected on October 19, after market close.

Portfolio Pulse from Charles Gross

August 24, 2023 | 4:33 pm

Snap Inc (SNAP) has appointed former Google executive Pulkit Trivedi as its new managing director for India, signaling its commitment to strengthening its foothold in the growing Indian market. Trivedi will oversee key teams, including those managing content and creator ecosystems. Snap has reported a user base of over 200 million monthly active users in India.

Portfolio Pulse from Arpit Nayak

August 23, 2023 | 11:30 am

Google, a subsidiary of Alphabet Inc., is reportedly working on a feature that allows users to create Instagram Stories-like posts. This feature, which is currently being tested in the Google app, will enable users to interact with stories and publishers to better connect with their readers. The stories will appear in search results on the web and the Google feed on Android phones and the Google app. The social aspect of this feature is that Google could let users post comments on these stories.

Portfolio Pulse from Rounak Jain

August 23, 2023 | 11:23 am

Snapchat, owned by Snap Inc (NYSE:SNAP), is developing a new feature called 'Dreams' that uses AI to allow users to create new images within imagined scenarios. The company is also working on 'Dreams with Friends', which allows friends to co-create AI-induced images. Additionally, there are hints about 'Dream Packs' being available for purchase, indicating potential monetization avenues for the feature.

Portfolio Pulse from Sudhanshu Singh

August 22, 2023 | 11:36 am

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