The debate on whether social media companies should review political ads on their platforms continues to rage, and Facebook (FB) has held its ground.
Today's Snap earnings (SNAP) are a textbook example of how irrational, or at least unpredictable, market reactions can be.
Snap (SNAP) stock fell 3.29% in the after-hours trading on Tuesday even though it reported upbeat third-quarter earnings results.
Snap stock rose about 7.84% on Monday and closed the trading day at $14.58. The company will report its third-quarter results after the closing bell today.
Facebook’s efforts to quash a potentially costly lawsuit continue to suffer setbacks. A US appeals court last week denied its request for a special hearing.
eMarketer reported that Amazon is taking advertising market share from Google. Snap has also caught up with Google in the business of selling dynamic ads.
Snap stock is up in the trading session today. The stock had gained over 3% as of 9:46 AM ET. It fell 1.9% on October 18 and closed at $13.52.