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 ...

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At its annual Snap Partner Summit on Tuesday, Snapchat announced that it’s introducing a new AI video generation tool for creators. The tool will allow select creators to generate AI videos from text prompts, and soon, from image prompts. Snap says the tool will be available in beta on the web starting today for a small subset of creators. For now, Snap doesn’t have any plans to make Snap AI Video available to anyone beyond creators.   While the company didn’t share any additional details about the AI vide ...

Snap Inc. (SNAP) , the parent company of popular social media platform Snapchat, has experienced a 12.8% decline in its stock price over the past six months, underperforming the Zacks Computer and Technology sector’s return of 8.7%, leaving investors questioning whether to maintain their positions or cut their losses.This downturn comes amid ongoing challenges in the social media landscape and broader economic uncertainties. However, the company's recent focus on user safety initiatives may offer a potentia ...

The latest trading session saw Snap (SNAP) ending at $9.64, denoting a +1.26% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.52%.Prior to today's trading, shares of the company behind Snapchat had gained 3.14% over the past month. This has outpaced the Computer and Technology sector's gain of 1.56% and lagged the S&P 500's gain of 3.67% in tha ...

Rob Kim/Getty Images EntertainmentInvestment Thesis Snapchat’s (NYSE:SNAP) stock has had a steep selloff since my last writeup in July, with shares dropping by 47.57%, driven by what many investors saw as a lukewarm quarter. Investors are grappling with the company’s slower than competitor growth in advertising revenue. This weak growth is concerning for many in the investor base as Snapchat continues to struggle to compete for ad dollars with larger rivals like Meta (META) and Google (GOOGL), which bot ...

Advertising demand isn't strong enough to boost its monetization rates.Shares of Snapchat's parent company Snap (SNAP -1.04%) lost 29.9% of their value during August, according to data provided by S&P Global Market Intelligence. And the whole drop happened on Aug. 2, the day after it reported financial results for the second quarter (Q2) of 2024.Snap's Q2 revenue was up 16% year over year to over $1.2 billion, which would have been good enough to satisfy investors. But the company thinks that its Q3 revenue ...

Marina Gorevaya/iStock via Getty Images In an odd move, Snap, Inc. (NYSE:SNAP) has fallen back to multi-year lows despite reporting strong sales growth in the last quarter. The social messaging company clearly isn't firing on all cylinders, but the market has completely ignored the progress of the business and the promise of a booming subscription service. My investment thesis remains ultra Bullish on the stock below $9. Source: Finviz 850 Million Reasons Snap announced 850 million platform users on a m ...

Snap Inc. NYSE: SNAP is the corporation behind the popular social media platform Snapchat. Despite Snapchat’s undeniable brand recognition and a loyal, growing user base, Snap’s stock price has dropped significantly, down 47% year to date and nearly 90% from its all-time high. Snap’s financial performance has investors and analysts questioning if Snap is a fallen star or an undervalued opportunity ripe for a comeback. Get Snap alerts:Augmented Reality: Snap’s Investment in the Future of AdvertisingSnap Toda ...

Some positive things are happening in Snap's business that could make its stock a great long-term buy.Snap (SNAP -0.79%) is the parent company of social media platform Snapchat. Its stock has been an underperformer since late 2021, crashing along with much of the tech sector around that time. It's down 47% so far in 2024 as investors appear unhappy with the company's modest revenue growth (relative to its peers) and its ongoing losses.The company's business has had an added issue to manage since 2021 thanks ...