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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

8.58

Mkt cap

15B

Volume

26M

High

8.68

P/E Ratio

-20.57

52-wk high

17.33

Low

8.46

Div yield

N/A

52-wk low

8.29

Snap Inc's AI feature, My AI, experienced a bug causing it to post its own story and stop responding to users, raising privacy concerns. Amazon.com Inc announced it will use generative AI to enhance product reviews, summarizing common themes in a short paragraph. This is expected to improve the buying experience and combat fake reviews.

Portfolio Pulse from Upwallstreet

August 21, 2023 | 5:38 pm

A U.S. court has ruled that AI-generated art cannot receive copyrights. This decision could potentially impact companies that are heavily invested in AI technology.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 4:04 pm

The past week saw significant declines in the Dow, S&P 500, and Nasdaq Composite. Amidst this, the 10-year U.S. Treasury yield surged, hinting at potential interest rate increases due to inflationary pressures. Bullish views were expressed for Tesla and Nvidia, while bearish views were expressed for Roblox, Snapchat, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from Michael Cohen

August 19, 2023 | 3:05 pm

Snapchat's AI chatbot, My AI, exhibited unexpected behavior by posting a Story autonomously and not responding to users' messages. Snapchat clarified that this was a technical glitch. The incident has sparked speculation about Snapchat potentially allowing My AI to post Stories in the future. The AI chatbot's launch was met with criticism, leading to safety concerns and the implementation of extra protective measures. Snapchat's AI chatbot influenced Meta Platforms Inc's Instagram to test an AI chat option.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 2:59 pm

Snap Inc. (NYSE:SNAP) shares are trading lower after the company's MyAI chatbot experienced an outage and posted stories for some users. The stock was up nearly 50% from the beginning of the year in mid-July, but third-quarter earnings results sent the stock lower. SNAP remains up 3.01% year-to-date.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 7:24 pm

Snap Inc.'s MyAI chatbot experienced an outage, causing it to post stories for some users. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 5:02 pm

Snapchat's AI-powered chatbot, MyAI, alarmed users by posting enigmatic stories autonomously. The issue was later resolved by Snapchat, stating it was a temporary outage. The chatbot, powered by OpenAI’s ChatGPT, was rolled out to Snap+ subscribers in February and helped boost its paying subscriber base by 3 million. However, there have been concerns about the chatbot providing unsuitable advice.

Portfolio Pulse from Ananya Gairola

August 16, 2023 | 8:05 am

Snap Inc's underage user policy is under scrutiny by Britain's data regulator, which is investigating Snapchat's efforts to remove underage users. In 2022, Snap reportedly removed only a few dozen children under-13 from its platform in Britain, while Ofcom estimates it has thousands of underage users. If found guilty of violating rules, Snap could face a fine of up to 4% of its annual global turnover. Snap's shares traded lower by 3.17% at $10.24 on Tuesday.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 1:53 pm

Snapchat, owned by Snap Inc., is under scrutiny from a UK watchdog for not removing underage users from its platform. This follows a report from Reuters in March that the platform has thousands of underage users.

Portfolio Pulse from Charles Gross

August 08, 2023 | 8:51 am

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