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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 has announced a partnership with Linktree, a link-in-bio tool, to allow users to include links in their Snapchat profiles. The integration will also allow users to showcase their Snapchat profiles on their Linktree page. Linktree is offering three months of Linktree Pro with this integration. Earlier this year, Snapchat expanded its ad revenue sharing program with eligible creators.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 4:06 pm

Snap Inc has introduced a revenue-sharing program, Snap Star, to attract creators back to its platform. The move aims to reverse declining sales and regain user engagement, impacted by factors like Apple's privacy policy changes. The program has attracted several thousand creators and has shown early signs of traction. Snap's financial performance following the rollout of the program will be a deciding factor in its recovery.

Portfolio Pulse from Anusuya Lahiri

July 10, 2023 | 3:42 pm

Meta Platforms (NASDAQ:META) has launched a Twitter-like app, Threads, which has quickly gained popularity with 10 million users in one day. The app is linked to Instagram accounts, potentially reaching over 100 million users in the US. However, Meta is facing regulatory challenges in the EU over its use of personal data for online advertising. The EU's top court ruled that Meta cannot justify its use of personal data for ad targeting without user approval. This ruling could have far-reaching implications for other tech companies like Alphabet Inc (NASDAQ:GOOG).

Portfolio Pulse from Upwallstreet

July 06, 2023 | 3:59 pm

Insiders at Alphabet Inc., Palo Alto Networks, Snap Inc., and ON Semiconductor have recently sold shares. The reasons for these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects. These sales should not be the sole indicator for investment decisions, but they can lend conviction to a selling decision.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 12:12 pm

The U.S. Department of Justice (DOJ) is reviewing a court's injunction that restricts Biden officials from contacting social media firms. The DOJ will evaluate its options after the judge restricted such contact, according to a White House official.

Portfolio Pulse from Charles Gross

July 04, 2023 | 7:24 pm

French President Emmanuel Macron has blamed social media platforms and video games for the recent youth riots in France. He specifically mentioned Snapchat (NYSE:SNAP) and TikTok as platforms used to organize the unrest. Macron has called on social media companies to take action against the spread of sensitive content related to the riots and to disclose the identities of individuals propagating violence. A Snapchat spokesperson responded by stating the company has zero tolerance for content promoting or inciting violence.

Portfolio Pulse from Franca Quarneti

July 03, 2023 | 7:22 pm

Snapchat has announced a zero-tolerance policy towards content that promotes violence or hatred, in response to the recent riots in France.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 3:58 pm

Artificial intelligence startup Inflection AI has raised $1.3 billion in funding from Microsoft Corp and Nvidia Corp, among others, bringing the total raised by the company to $1.525 billion. The startup, co-founded by DeepMind's Mustafa Suleyman and LinkedIn creator Reid Hoffman, has launched a chatbot called Pi. With Nvidia's investment, Inflection AI now has access to 22,000 Nvidia H100 GPUs.

Portfolio Pulse from Anusuya Lahiri

June 30, 2023 | 12:51 pm

The article lists the top 5 overbought stocks in the communication services sector, which are Pinterest, Advantage Solutions, Take-Two Interactive Software, The New York Times Company, and Snap Inc. Overbought stocks are identified using the Relative Strength Index (RSI), with an RSI above 70 indicating overbought status. The article suggests that these stocks present an opportunity to go short due to their overvalued status.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 11:49 am

Snapchat's subscription service, Snapchat+, has reached 4 million paid subscribers in its first year. The service, priced at $3.99 monthly, offers users access to experimental and pre-released features. Snapchat plans to roll out new features to Snapchat+ subscribers in the coming weeks.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 1:30 pm

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