Snapchat demoted a controversial feature that ranks friends based on their relationship to the user after concerns that it was fueling insecurity among its teen-heavy audience.The social media site said that it would deactivate the default setting that automatically enabled the “Solar System” function on its Snapchat+ $4-per-month subscription service.The tool is a ranking mechanism that assigned one of the nine planets to a friend based on the frequency with which they communicated with one another — analo ...

This may be the year that the social media company rebounds from the downturn in the ad industry.Shares of Snapchat operator Snap (SNAP -0.18%) experienced a run-up near the end of 2023, hitting a 52-week high of $17.90 in December. But the trend changed in 2024. After a period of sideways moves, the stock plunged after the company released its fourth-quarter results on Feb. 6.That drop may indicate reasons exist to avoid the stock, or it may have created a buying opportunity. Wall Street analysts' median p ...

Interest rates soared throughout 2022 and 2023, leaving businesses feeling uncertain. They couldn't be sure about the impact on consumer spending, so many of them braced for lower revenue by slashing costs -- especially on line items like marketing. That hurt companies reliant on advertising to generate revenue, including Meta Platforms, Google parent Alphabet, and Snap (SNAP -2.00%).Meta and Google have used their scale to great effect and are growing nicely once again after a challenging 18 months between ...

Snap (SNAP) closed the latest trading day at $11.19, indicating a -1.76% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.65%. Elsewhere, the Dow saw a downswing of 0.49%, while the tech-heavy Nasdaq depreciated by 0.96%.Shares of the company behind Snapchat witnessed a loss of 1.81% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.19% and the S&P 500's gain of 3.27%.The investment community wil ...

Doha , Qatar - 28 February 2024; A general view of the Snapchat logo during day two of Web Summit ... [+] Qatar 2024 at the Doha Exhibition and Convention Center in Doha, Qatar. (Photo By Ramsey Cardy/Sportsfile for Web Summit Qatar via Getty Images)Sportsfile via Getty ImagesSnap’s stock (NYSE: SNAP) has lost approximately 30% YTD as compared to the 8% rise in the S&P 500 index over the same period. The drop was due to weak results in the fourth quarter of 2023, with revenues and average revenue-per-user m ...

Shares of Snap (SNAP 5.91%) plunged 30.7% lower in February 2024, according to data from S&P Global Market Intelligence. The sharp move hinged on the Snapchat company's fourth-quarter earnings report, with a single-day price drop of 34.5% the following day. But there's still some mystery to unravel because Snap's results actually exceeded average analysts' expectations. That kind of surprise usually leads to higher stock prices, not lower ones. Snap took the road less traveled.How did a solid earnings surpr ...

A month has gone by since the last earnings report for Snap (SNAP) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Snap due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. SNAP’s Q4 Earnings Surpass Estimates, Revenues Rise Y/YSnap repo ...

Snap (SNAP) closed the latest trading day at $11.03, indicating a -1.96% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.12%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.41%.Shares of the company behind Snapchat have depreciated by 34.02% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.12% and the S&P 500's gain of 4.83%.Analysts and investors alike will be keeping a close eye on ...

The pain train just continues for Snap (SNAP 2.09%) shareholders. After rising 89% in 2023, the social media platform and smartphone app saw its shares collapse below $12 after posting another quarter of losses. Despite growing its user count, Snap has failed to generate ad revenue on par with competing social media companies like Meta Platforms.After its recent fall, Snap now trades close to $11 per share and is off 87% from its all-time high. Does that make the stock a buy, or is there more pain ahead for ...

It's been a rough start to the year for Snap (SNAP 0.92%) as its shares have plummeted more than 35% already in 2024. The social media stock hasn't been nearly as hot of a buy as other growth stocks lately.But has the stock been punished too severely by investors for a single poor earnings report? Let's take a look at Snap's problems and whether this could make for a good contrarian stock to buy right now.What's wrong with Snap stock?Snap is a popular social media platform with young adults and teens, but t ...