7.36 -0.04 (-0.54%)
After hours: 7:58PM EDT
|Bid||0.00 x 3200|
|Ask||0.00 x 1800|
|Day's Range||7.12 - 7.46|
|52 Week Range||6.46 - 21.22|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.88|
What do you do after you lose three million daily users in three months? You start focusing on people's pets. Snapchat filters can now recognize your cat. You can insert your moody feline companion into a slice of bread, put fancy eyeglasses on them and more.
Alphabet’s (GOOGL) Google recently disclosed that it had found a security flaw that may have exposed the personal data of as many as 500,000 users of its Google+ social network. Google+ was introduced in 2011 as a competitor to Facebook (FB). In an attempt to tighten the security of its products, Google announced a wide range of changes after revealing the security glitch.
The disappearance of a Saudi journalist has put leaders in Silicon Valley and beyond in an uncomfortable spot. Uber Technologies CEO Dara Khosrowshahi and Sam Altman, president of the investment group Y Combinator, are among the tech leaders that have backed away from Saudi engagements amid allegations that Jamal Khashoggi, a Washington Post columnist and high-profile critic of the Saudi government, was murdered inside the Saudi consulate in Istanbul, Turkey earlier this month.
As Snap (NYSE:SNAP) continues to struggle against its larger social media peers, Snap stock looks uglier all the time. The parent company of Snapchat has attracted a large user base and a following among the young. Some critics argue that it does not matter that Facebook (NASDAQ:FB) copies its features.
Twitter (NYSE:TWTR) finds itself plagued by struggles to grow its user base as the company figures out how to monetize its site. Twitter stock has fallen by close to 45% since its last earnings report. The Twitter stock price has seen a slow, steady decline since it fell sharply following its July earnings report.
A quarter ago, Facebook (NASDAQ:FB) warned its investors that the future may not look as bright as the past. Namely, between a dented reputation, market saturation and improving competition from the likes of Snap (NYSE:SNAP) and Twitter (NYSE:TWTR), its revenue growth pace was poised to slump and margins were apt to shrink. Facebook stock immediately plunged 20% and is now 30% below the pre-warning price.
It's 8:00 PM on Friday night and you're home alone and already drunk. Oh, is that just me? Well no matter. Snapchat has made lenses for your cat now. Yes, that's right. Your cat! This is what the internet is made for, friends.
While Pivotal remains bullish on Snap overall, analysts suggest that the firm could be ripe for a take-private deal if it misses a near-term turnaround.