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Here's Why Snap (SNAP) Fell More Than Broader Market
ZACKS· 2024-09-20 23:06
Snap (SNAP) closed the most recent trading day at $10.05, moving -0.2% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.36%.The company behind Snapchat's shares have seen an increase of 8.86% over the last month, surpassing the Computer and Technology sector's loss of 0.09% and the S&P 500's gain of 2.06%.The investment community will be paying close attention to the earnings performa ...
Snap-on Is A Snappy Investment Opportunity
Seeking Alpha· 2024-09-20 14:07
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.We are not registered investment, tax or legal advisors or brokers and therefore cannot promise or guarantee any financial returns fro ...
Why Snap Stock Blasted Higher Again on Thursday
The Motley Fool· 2024-09-19 22:54
The positive pundit reviews for the company just keep coming.There is a clutch of stocks that convincingly beat the market on both Wednesday and Thursday, but not a great many. Among these high achievers was social media company Snap (SNAP 4.14%), which again posted an exceptional gain on the penultimate day of the trading week. Snap didn't offer any fresh news of its own, but an analyst bolstered the buy case for the stock, helping to send it more than 4% higher on a day when the S&P 500 index posted a 1.7 ...
1 Undervalued Growth Stock Down 89% You Can Buy Now
The Motley Fool· 2024-09-19 09:00
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Why Snap Stock Topped the Market Today
The Motley Fool· 2024-09-18 22:55
The company's latest plans were revealed, and generally speaking, investors approved of them.Investors generally liked what they heard about Snap's (SNAP 2.65%) "partner summit" that took place on Tuesday, as the company's news inspired a nearly 3% increase in its stock price the day after. That performance was strong enough to beat the benchmark S&P 500, which landed in negative territory by closing 0.3% lower.Partner summit reactionsAdditionally, several analysts took the opportunity to issue fresh resear ...
Snapchat pushes 'safer' platform image, but not everyone agrees
TechXplore· 2024-09-18 16:29
Core Viewpoint - Snapchat is positioning itself as a healthier alternative to other social media platforms like Instagram and TikTok, which have been criticized for their negative impact on youth mental health [1][2]. Group 1: Company Positioning and Strategy - CEO Evan Spiegel highlighted Snapchat's unique approach to social media, emphasizing the platform's intention to create a different experience that does not negatively affect users' feelings [1]. - Snapchat's reputation as a safer option is supported by research from the University of Amsterdam, which indicates that while other platforms negatively impact mental health, Snapchat usage has positive effects on friendships and well-being [2]. - The platform remains popular among youths, with three-quarters of 13-to-34-year-olds using the app in over 25 countries [5]. Group 2: Challenges and Criticism - Critics argue that Snapchat's ephemeral messaging feature can facilitate criminal activities, such as drug dealing, due to the disappearing nature of messages [2][4]. - Industry analysts note that Snapchat faces challenges in balancing user safety and privacy with the need to generate revenue, especially as it competes with larger tech companies like Meta, Google, and TikTok [4]. - Despite its popularity, Snapchat remains unprofitable and struggles to attract advertising dollars [4]. Group 3: User Experience and Feedback - Users appreciate Snapchat for its lower-pressure environment compared to traditional messaging, allowing for casual communication without the burden of likes or comments [7]. - The platform's features, such as augmented reality filters and games, contribute to its appeal among younger users [7]. - Content creators have praised Snapchat's disappearing messages for providing freedom and reducing pressure, particularly for young women [7].
Snap unveils $1,200 high-tech glasses that will let you alter reality in bid to win tech race
New York Post· 2024-09-17 21:53
Core Insights - Snap has launched an upgraded version of its Spectacles augmented-reality glasses, emphasizing the potential of wearable devices in enhancing real-world experiences [1][3] - The new Spectacles are developed in partnership with Qualcomm and OpenAI's ChatGPT, allowing users to overlay digital images and filters onto their surroundings [1] - Snap's stock dropped 2% following the announcement, despite a prior increase of 10.8% over the previous five days, and is down 41.8% year-to-date [1] Product Features - The fifth generation of Spectacles is powered by a new operating system called Snap OS, which enhances user interaction through hand and voice recognition [3] - The glasses feature a bulky design to accommodate two Qualcomm chips and tiny projectors, with controls including a video capture button and a power button [3] - Transition lenses allow the glasses to function well in both indoor and outdoor settings, although reviews indicate a lack of sufficient applications for users [6] Market Context - Snap's business model primarily relies on digital advertising, and previous iterations of Spectacles have not significantly boosted revenue [1] - Competitors like Meta are also advancing in the AR space, with plans to unveil their own AR glasses soon [1]
Snap Inc. (SNAP) Annual Snap Partner Summit (Transcript)
Seeking Alpha· 2024-09-17 21:31
Core Insights - Snap Inc. hosted its annual Snap Partner Summit, combining it with Lens Fest for the first time, showcasing a commitment to community engagement and innovation [3][4]. - The company reported a significant user growth, with over 850 million global users, including more than 100 million new Snapchatters since the last summit [3]. Group 1: User Engagement and Community - Snap Inc. emphasizes the positive impact of Snapchat on user well-being and relationships, supported by independent research [4]. - The company highlighted a specific case of the Crabtree family, who have maintained a Snapchat streak for 2,886 days, illustrating the platform's role in fostering long-term connections [4]. Group 2: Company Leadership and Vision - Evan Spiegel, the CEO and co-founder, expressed excitement about the summit and the integration of Lens Fest, indicating a strategic focus on collaboration with developers and creators [3]. - The leadership team, including Ceci Mourkogiannis, Brooke Berry, Sophia Dominguez, and Bobby Murphy, participated in the summit, showcasing a unified front in driving product development and community engagement [2].
Snap Inc. (SNAP) Annual Snap Partner Summit (Transcript)
2024-09-17 21:31
Snap Inc. (NYSE:SNAP) Annual Snap Partner Summit Call September 17, 2024 1:00 PM ET Company Participants Evan Spiegel - Chief Executive Officer & Co-Founder Ceci Mourkogiannis - Head, Products Brooke Berry - Head, Creator Development Sophia Dominguez - Director, AR Platform Bobby Murphy - Chief Technology Officer Evan Spiegel Welcome, everybody. We are so excited to kick-off the Snap Partner Summit. Thank you so much for joining us today. How's everyone doing? This year, we're doing things a little bit diff ...
Snap unveils latest AR glasses despite ongoing struggles in core ad business
CNBC· 2024-09-17 18:00
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California.Snap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical world.The latest Spectacles are only available for developers, who must commit to paying $99 a month for one full year if they want to build AR apps for the device. The glasses can produce more compelling digital visuals th ...