Tag Archives: Snap

(Bloomberg) — US social-media giants were poised to see more than $76 billion wiped off their stock-market values Friday after disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising. Most Read from Bloomberg The Snapchat parent plummeted as much as 30% in premarket trading. Meanwhile, Facebook parent Meta Platforms Inc. fell 4.8%, Google owner Alphabet Inc. declined 2.8%, Twitter Inc. slipped 2.5% and Pinterest slumped 7.2%. The losses mark the second… Source link

Snapchat parent Snap (SNAP) reported its Q2 earnings after the closing bell on Thursday, missing Wall Street’s expectations and sending shares plunging 23% in after hours trading. Here’s how the company performed in the quarter compared to what analysts were looking for, as compiled by Bloomberg. Revenue: $1.11 billion versus $1.14 billion expected Adjusted EPS: -$0.02 versus -$0.05 expected Daily active users: 347 million versus 343.2 million expected Average revenue per Snap user fell 4.5%… Source link

NEWYou can now listen to Fox News articles! Google is a divisive company. Maybe you love the ease of Gmail and how easy it is to find anything you want online.  Or maybe you get a shiver up your spine thinking of all the data the search giant has on you. Tap or click to see everything Google knows about you You might see a few personal details when you search for yourself online. Luckily, you can ask Google to remove your phone number, address and more. Tap or click here to see what you can… Source link

Snap (SNAP) is getting hammered. Shares of the social media/camera company, which were trading as high as $83.11 in September 2021, have since plunged amid rising inflation, the war in Ukraine, and Apple’s privacy changes. Shares of Snap collapsed a stunning 74.5% year-to-date as of Monday, falling to $12 ahead of the close of markets in New York. Snap suggested the pain could continue, warning in a Securities and Exchange Commission filing last month that it will likely fall short of its Q2… Source link

U.S. stocks rose on Friday, setting the major indexes on track to end a weeks-long losing streak after a string of more upbeat corporate results at least temporarily offset fears of a steep economic slide. The S&P 500 gained. The blue-chip index headed for a 4% weekly advance as of Thursday’s close, which if maintained, would mark its largest since mid-March. The S&P 500 had fallen for the seven consecutive weeks prior in its longest losing streak since 2000. The Dow Jones Industrial Average… Source link

The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Elon Musk‘s private takeover of Twitter may boost ad revenue for YouTube, Snap, Facebook parent Meta and TikTok, analysts from several Wall Street firms said in recent notes to investors. Twitter, which announced it accepted Musk’s bid on Monday, has heavily relied on ad sales, which accounted for $1.41 billion, the lion’s share of its revenue, in the most… Source link

TikTok’s massive popularity is shaping trends among social media companies, including Snap (SNAP), which reported earnings last week, said Ygal Arounian, an analyst at Wedbush (video above). “Snap and the others are moving kind of further deeper into this creator economy world, which TikTok has done a great job capturing,” he said. “So there’s a lot of focus on creating platforms that are similar to TikTok. Copycatting TikTok is a big trend right now.” Snap’s earnings were mixed…. Source link

Nov 16 (Reuters) – Multiple social media apps such as Snapchat (SNAP.N), Spotify (SPOT.N) and Alphabet’s (GOOGL.O) Google Cloud appeared to be coming back online after a brief global outage on Tuesday. Google said issues with its Cloud Networking, which counts Etsy , Spotify and Snap Inc as clients, were partially resolved shortly after thousands of users flagged it on outage tracking website downdetector.com. Google Cloud’s dashboard earlier showed that services including cloud developer… Source link

Apple Inc.’s recent privacy crackdown has affected the largest players in online advertising very differently, recent quarterly results show, underscoring the strengths and weaknesses of each tech giant’s ad business. Alphabet Inc.’s Google, the world’s largest digital-ad company by revenue, tallied its highest sales growth in more than a decade in the third quarter, while Facebook Inc. and Snap Inc. came up short of expectations and blamed Apple’s privacy rules… Source link

The same factors that torpedoed Snap Inc.’s earnings results ominously linger as investors await Alphabet Inc. parent Google’s financial results on Tuesday. Google GOOGL, -3.04% GOOG, -2.91% could be hindered by a change in Apple Inc.’s AAPL, -0.53% privacy policy that makes it harder to target and measure digital advertising as well as a choked global supply chain that has driven down ad… Source link