Snap Inc
Snapchat was initially released in 2011 and developed by Snap, Inc. Snap was founded by Evan Spiegel and Bobby Murphy and is currently headquartered in Santa Monica, California.
Snap runs and develops the mobile app Snapchat which allows people to send photo and video messages. Snapchat users can record themselves with various filters and location tags and save every photo and video to their phone. Snap Inc.'s other products and services include Spectacles and Bitmoji.
Snap Inc is traded on the New York Stock Exchange and employs over 3,000 people.
Location: Santa Monica, California
Industry: Internet and Information services
Sector: Technology / Social media
CEO: Evan Spiegel
Valuation: $168 billion (2021)
Latest Snap Inc News and Updates
Snap's Board Approves Stock Split, With One Condition
Snap's board approved a 2-for-1 stock split on one condition — share prices have to reach $40 within the next 10 years. The condition seems reasonable.
Snap’s Upcoming NFT Feature, Explained
After unveiling its paid premium subscription, Snapchat is readying for a new release: an NFT feature.
The History of Snap, Inc, From Picaboo to Present
Like many tech giants, Snap had humble beginnings. Here's a full timeline of Snapchat's 11-year history, including a big lawsuit with cofounder Reggie Brown.
Snapchat Enters the Paid Subscription Market With Snapchat Plus
Snapchat recently launched Snapchat Plus, a paid subscription version of its original app. Is Snapchat Plus worth paying for? Here's what we know.
Snap Unveils Its Premium Subscription Product, Snapchat+
Snapchat has unveiled Snapchat+, a premium subscription with added perks. Here’s how to get it and how much it costs.
Is SNAP Stock a Good Investment After Its Post-Earnings Rally?
Analysts are mixed on SNAP stock after the company's Q4 2021 earnings release. Is it a good investment in 2022?
Here’s What Impacted Snap Shares Last Month
The stock for social media company Snap (SNAP) fell 16.0% last month to close at $17.77. It’s now trading just above its IPO price of $17.
Why Twitter Stock Rose 7.3% on March 14
Social media giant Twitter (TWTR) saw its stock price surge 7.3% on March 14, 2018.
Potential Dangers: Twitter and Fake News
Twitter (TWTR) is considering rolling out a feature that could empower its users to report misleading or deceitful news stories, according to a Washington Post report.
Twitter Ending Support for Its Apple Computers App
Twitter (TWTR) announced in mid-February that it would be dismantling its app for Apple desktop computers.
How Facebook Plans to Address Content Disputes
Facebook (FB) has once again reiterated its ambitions to become the leading content supplier in the social media space.
Has Europe’s GDPR Law Affected Google’s Ad Business?
The European Union’s General Data Protection Regulation (or GDPR) came into force on May 25.
What Facebook Was Aiming for with Its Stock Reclassification
In this series, we’ll review updates in the US Internet space and discuss some of the current issues faced by companies in the industry.
Why User Revolt over Snapchat’s Redesign May Not Be a Negative
Snapchat recently rolled out the biggest update to its app in more than three years. However, the update is facing a massive revolt by many users.
Snap May Challenge Sony In This $125 Billion Market
Snap (SNAP) is poised to release its second-quarter results amid speculations of the company taking a deeper plunge into gaming.
Twitter Works to Ban Abusive Speech
Twitter (TWTR) is gearing up to tighten rules to foster healthier conversations on its platform and curb toxic speech.
Why Facebook’s Growth Faces Short-Term Headwinds
Facebook (FB) estimates that the sharing on its platform via Stories (pictures and videos that disappear in 24 hours) could exceed sharing via Facebook’s News Feed.
Becoming Profitable Is High on Snap’s Agenda
Snap, which went public in March 2017, looks focused on accelerating its path to profitability.
How Much Revenue Is Facebook Earning from Advertising?
Facebook’s advertising business posted second-quarter revenues of $13.0 billion, which grew 42.0% year-over-year.
Why Facebook Has Been in Talks with Banks Lately
According to Reuters, Facebook (FB) is currently in discussions with banks about improving customer service through its apps.
Twitter’s Data Business Continues to Roar
In the wake of the Facebook (FB) privacy scandals earlier this year, Twitter (TWTR) had a bit of explaining to do.
Why Airbus Abandoned Microsoft Office for Google Docs
Airbus is flying out of Microsoft’s (MSFT) Office environment, and the destination is Google.
How Would Facebook Make Money with a Dating Service?
Facebook (FB) is expanding into the online dating business. Its online dating service is expected to begin trials in the coming months.
Facebook Changed Its Mind on Monetizing WhatsApp
Facebook decided not to proceed with its plan to bring ads to WhatsApp. The company disbanded WhatsApp’s advertising team and discarded its work.
Facebook Paying $35 Million to Settle IPO-Related Lawsuit
Without admitting wrongdoing, Facebook (FB) agreed to pay $35 million to settle claims that it had misled investors in the run-up to its IPO (initial public offering) in 2012.
What Are the Trends in Facebook’s Largest Advertising Category?
Business intelligence firm eMarketer estimates that CPG brands spent more than $7.0 billion on digital advertising in 2017, compared with $6.0 billion in 2016.
Why Facebook Stock Fell 3.1% in February
Facebook (FB) fell 3.1% in February but has surged 27.7% on a year-to-date basis as of March 4.
Why Is Snap Stock Going Up?
Snap stock has risen by 50 percent in the last week. The stock has significantly outperformed the broader market in 2020.
Comparing Facebook and Pinterest Stocks in 2020
Facebook caused panic among Pinterest investors on Thursday. The company sparked a sell-off in Pinterest stock. As a result, the stock fell by 1.67%.
Three Ways TikTok Is Giving Facebook a Headache
TikTok’s rapid rise continues to torment Facebook. As a leader in social media and digital advertising, FB has a lot at stake.
Google Stock Has Risen 28.7% since the Looker Deal Announcement
Google’s Looker deal holds promise for its cloud business. However, the deal risks delays as the UK scrutinizes it due to antitrust concerns.
How to Hedge Against the US-China Trade War
The US-China trade war escalated very quickly this month. This has caused global equities to plunge and safe havens like gold and treasuries to surge.
Get Real: Is Unrest Sweeping the Markets?
In today’s Get Real, we took a closer look at Uber’s trouble and an unexpected boost for Canopy Growth while markets react to more unrest.
Twitter Tumbles after Disappointing on All Fronts
Twitter stock has fallen over 19% in the trading session on October 24 as of 9:39 AM ET. The stock was also down as much as 20% in premarket trading.
Snap Earnings: Stock Tumbles despite Better Engagement
Today’s Snap earnings (SNAP) are a textbook example of how irrational, or at least unpredictable, market reactions can be.
Will SNAP Stock Rise above Its IPO Price after Earnings?
The Q3 Snap earnings report is due on October 22. So could a positive surprise be enough to send Snap stock back toward its original price?
Will Facebook’s Failed Snapchat Bids Come Back to Haunt It?
Facebook has attempted to buy Snapchat twice. First, it made the company a buyout offer of $3.0 billion in 2013, and then it made another offer in 2016.
Video Streaming: Netflix Faces Fierce Competition
Competition taking a toll on Netflix as its share of US subscription video streaming market keep falling as rivals gain ground.
Snap Brings Shopify-Powered Stores to Snapchat
Snap (SNAP) has partnered with Shopify (SHOP) to allow certain accounts to set up retail stores in its Snapchat app. The Shopify-powered Snapchat stores feature has initially rolled out to certain Snapchat influencer accounts, but there are plans to roll it out to creators, publishers, and brands later this year.
Did Twitter Pass Up a Chance to Avoid BlackBerry Litigation?
BlackBerry (BB) sued Twitter (TWTR) last month in a patent infringement dispute.
The Google-Oracle Dispute is going to the Supreme Court
Alphabet’s (GOOGL) Google is under pressure to prove it didn’t violate Oracle’s (ORCL) software copyright in the development of Android.
Why Twitter’s Research and Development Costs Could Rise
The four priority areas that Twitter (TWTR) wants to focus on going forward could lead to the company spending more on product R&D (research and development).
How PayPal’s Venmo Is Crushing the Competition
If you ask PayPal’s CEO, Dan Schulman, Venmo has become a crown jewel for the company.
What Makes Snapchat So Popular with Teens?
According to a report by eMarketer, Snap’s (SNAP) Snapchat is the top social media app for American teens.
How Baidu Is Leading Alphabet in Business Diversification
Baidu (BIDU) and Alphabet (GOOGL) are working to create new revenue streams outside their core advertising businesses.
How Shazam Makes Money
The money that Shazam generates would go a long way towards boosting Apple’s services business, where revenue rose 31% year-over-year to $9.5 billion in the fiscal third quarter ended in June.
What Made Instagram More Popular than Facebook?
Facebook (FB) acquired Instagram in 2012, and since then, the company has been keen on expanding its user base.
How Shazam Acquisition Could Benefit Apple
Apple (AAPL) finally received the green light from regulators in the European Union last week to acquire UK-based music recognition app Shazam Entertainment.
Square’s Investment in Cash App Beginning to Bear Fruit
Square’s (SQ) peer-to-peer payment service Cash app is now more popular than PayPal’s (PYPL) competing service Venmo.
IBM Lawsuit against Groupon Leads to $83 Million Fine
Groupon disagreed with a jury verdict that it willfully infringed on several patents owned by IBM. Groupon’s options include an appeal.