Snap, the parent company of Snapchat, is intensifying its commitment to its community with a suite of new features and improvements designed to create deeper connections and enhance user engagement.The latest updates aim to make communication more dynamic and content more engaging.Earlier this month, Snap officials announced the company reached a milestone during the second quarter: 850 million monthly active users.“Our community grew to reach more than 850 million monthly active users in Q2, with more than ...

The Russell 2000 is down some 9% since late July, and this member of the index is near the cheapest it has been since coming public in 2017.In 2021, Apple changed its privacy rules, which made it harder for application developers to track their users across the internet. That meant social media companies like Snap (SNAP 7.84%) couldn't target users as effectively to sell advertising slots to businesses.Snap has grappled with that challenge ever since, but it's helping advertisers achieve their goals in othe ...

Flashpop/DigitalVision via Getty Images Shares of social media company Snap (NYSE:SNAP) tanked 27% after the company's second fiscal quarter earnings report. Snap collapsed because of a relatively small revenue miss and a weak outlook for the third-quarter, but the market reaction seems widely out of proportion given the overall solid nature of Snap's earnings report. Snap is making solid progress in growing its paid subscription service Snapchat+ and the social media company remained widely EBITDA-profitab ...

hocus-focus/iStock Unreleased via Getty Images Snap (NYSE:SNAP) reported extremely soft second quarter results and was appropriately punished by the market. It could be argued that the stock actually escaped lightly given how poor advertising revenue growth was though. Snapchat+ strength may have softened the blow for investors, although I question whether subscriptions will ever be more than a niche part of the business. I previously suggested that Snap had been unfairly maligned by investors and that ...

Snap TodaySNAPSnap$9.36 -3.46 (-27.00%) 52-Week Range$8.28▼$17.90Price Target$15.11Add to WatchlistSnap Inc. NYSE: SNAP, the parent company of the popular quick messaging app Snapchat, saw its stock drop in after-hours trading following the release of Snap’s earnings report for the second quarter of 2024. Despite exceeding expectations in certain areas, Snap’s stock is projected to open down over 20% on Friday, highlighting investor concerns about the company’s future growth prospects. Snap’s stock is known ...

On Thursday (Aug. 1), Snap, the parent company of Snapchat, announced it reached a milestone during the second quarter: 850 million monthly active users. "Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers," Snap CEO Evan Spiegel said, as the company continues its journey toward a target of 1 billion monthly users. Daily active users (DAUs) rose 10% during the quarter, to 432 million. New features like editable chats, Map emoji react ...

Key TakeawaysSnap missed revenue estimates for the second quarter and offered lower-than-expected guidance on advertising weakness.The operator of the Snapchat social media site said it is taking steps to improve its advertising platform.Shares of Snap lost nearly one-quarter of their value in early trading Friday following the news. Shares of Snap (SNAP) plunged nearly 25% in early trading Friday after the social media company missed revenue estimates for the second quarter and offered lower-than-expected ...

Snap (SNAP) reported second-quarter 2024 earnings of 2 cents per share, which was in line with the Zacks Consensus Estimate. The company had incurred a loss of 2 cents in the year-ago quarter. Revenues increased 15.8% year over year to $1.23 billion but missed the Zacks Consensus Estimate by 1.29%.Geographically, revenues from North America (62.1% of revenues) increased 11.8% year over year to $767.5 million. Revenues from Europe (18.6% of revenues) increased 26.2% to $229.8 million. Revenues from Rest of t ...

Snap Inc (NYSE:SNAP) is down a 23.9% to trade at $9.74 at last check, after the social media company's outlook for the fiscal third quarter came in dramatically short of analysts' expectations. This makes SNAP a contender for Schaeffer's Cheap Seats: Stocks Under $20 segment.SNAP is on track for its worst single-day percentage drop since February, and hit its lowest level since October earlier. The shares also breached former support at the $10 level, which contained its April pullback. SNAP is down 41.8% f ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Snapchat parent Snap has yet to make a profit as it battles with Meta and Google for online ad revenue. Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. California-based Snap said its loss in the recently-ended qua ...