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CEOs of Meta, X, Discord, TikTok and Snap testify before the Senate Judiciary Committee
CNN Business· 2024-01-29 19:33
Congress today is grilling the chief executives of several big tech companies, including Meta CEO Mark Zuckerberg, about potential harms from their products on teens. Until now, the social platforms have largely had the same response: We’ll help teens and families make smart decisions themselves.But with growing claims that social media can hurt young users, including worries that it risks driving them to depression or even suicide, online safety advocates say that response falls far short. And with a presi ...
Analyst: Snap Stock Boasts "Strong Catalyst Path"
Schaeffers Research· 2024-01-26 15:27
Shares of Snap Inc (NYSE:SNAP) are 3% higher this morning, last seen trading at $16.79 this morning after Deutsche Bank upgraded the stock to "buy" from "hold" and raised its price target by $9 to $19 -- a more than 16% upside to last night's close.In its bull note, the Wall Street brokerage said Snap stock has a "clear, strong catalyst path towards upwards revenue and EBITDA revisions." Deutsche also mentioned Snapchat+, which surpassed 7 million subscribers last month, as well as the company's November pa ...
Snap (SNAP) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-01-24 23:56
Snap (SNAP) closed the latest trading day at $16.32, indicating a -0.06% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%.Coming into today, shares of the company behind Snapchat had lost 2.68% in the past month. In that same time, the Computer and Technology sector gained 4.29%, while the S&P 500 gained 2.4%.Analysts and investors alike will be keeping a c ...
Why Snap (SNAP) Outpaced the Stock Market Today
Zacks Investment Research· 2024-01-20 00:01
Snap (SNAP) closed at $16.42 in the latest trading session, marking a +1.3% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.Prior to today's trading, shares of the company behind Snapchat had lost 5.92% over the past month. This has lagged the Computer and Technology sector's gain of 1.98% and the S&P 500's gain of 0.94% in that time.Investors will be eagerly watching for the performance of Snap in its upc ...
Is Trending Stock Snap Inc. (SNAP) a Buy Now?
Zacks Investment Research· 2024-01-16 15:37
Snap (SNAP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company behind Snapchat have returned -3.5%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Internet - Software industry, which Snap falls in, has gained 5.2%. The key question now is: What could be the stock's future direction?Although media reports or ...
Snap Inc. Announces Date of Fourth Quarter and Full Year 2023 Results Conference Call
Businesswire· 2024-01-09 21:10
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss fourth quarter and full year 2023 financial results on Tuesday, February 6, 2024 at 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time). A live webcast and replay of the conference call will be accessible on Snap Inc.’s Investor Relations website for at least 90 days at: http://investor.snap.com. About Snap Inc. Snap Inc. is a technology company. We believe the camera presents the greatest opportu ...
Snap Inc. (SNAP) is Attracting Investor Attention: Here is What You Should Know
Zacks Investment Research· 2024-01-04 15:34
Snap (SNAP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company behind Snapchat have returned +6.8% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Internet - Software industry, to which Snap belongs, has gained 3% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or rum ...
Up 91% YTD, What's Next For Snap Stock?
Forbes· 2024-01-02 22:00
The Snapchat logo is seen in this illustrtion photo taken in Warsaw, Poland on 21 November, 2023. ... [+] (Photo by Jaap Arriens/NurPhoto via Getty Images)NurPhoto via Getty ImagesSnap’s stock (NYSE: SNAP) has gained approximately 91% YTD as compared to the 25% rise in the S&P500 index over the same period. That said, at its current price of just below $17, it is trading 53% above its fair value of slightly above $11 – Trefis’ estimate for Snap’s valuation.Amid the current financial backdrop, SNAP stock has ...
1 Artificial intelligence (AI) Stock Down 80% to Buy Hand Over Fist for 2024
The Motley Fool· 2023-12-26 04:45
Fool.com contributor Parkev Tatevosian discusses why he thinks this artificial intelligence stock in particular is an excellent investment for 2024. *Stock prices used were the afternoon prices of Dec. 22, 2023. The video was published on Dec. 24, 2023. ...
Snap Has a Brand New $300 Million Annual Business, and It's Already Grown 40% Since September
The Motley Fool· 2023-12-24 08:24
It may describe itself simply as a technology company, but the primary moneymaker for Snap (SNAP -1.04%) is its popular Snapchat app. And with 750 million people using Snapchat every month around the world, it's fair to say the app is a huge success.Snap generates revenue from this enormous Snapchat user base by displaying ads. Of its 750 million monthly users, over 400 million use it every day, on average. And its user base is heavily concentrated in younger-age demographics. Management believes this is a ...