7.16 -0.02 (-0.28%)
Pre-Market: 8:39AM EDT
|Bid||7.16 x 3000|
|Ask||7.18 x 1100|
|Day's Range||7.05 - 7.39|
|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|
The disappearance of a Saudi journalist has put some Silicon Valley leaders in an uncomfortable position. Uber Technologies CEO Dara Khosrowshahi and Sam Altman, president of the investment group Y Combinator, are among the tech leaders backing 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.
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.
Despite SQ stock being down 25% over the past five days of trading, it’s still up 108% year to date as of this writing. According to Finviz.com, SQ stock is the seventh best performing tech stock (market cap $2 billion) year to date in 2018 out of 325 companies. It also makes sense to consider why SQ stock has fallen.
Social media companies Twitter Inc. (NYSE: TWTR ) and Snap Inc. (NYSE: SNAP ) have both experienced significant stock declines of late, and both were upgraded Friday by Pivotal Research Group. The Analyst ...
Pivotal Research analyst Brian Wieser has long been skeptical of the big social-media names. Wieser upgraded (SNAP)(SNAP) shares to Buy from Hold on Friday, following a 26% drop in the shares over the past month and a 50% fall over three months. Snap surely has its issues—competition from (FB)’s (FB) Instagram is pressuring time spent on the Snapchat app, for example—but Wieser sees opportunities for management to turn things around amid low expectations.
With Apple Pay Cash, Google Pay, Facebook Messenger, and Snapcash, tech industry leaders have made it easier than ever to exchange money online by integrating money transfer services with personal devices, and social media. For a time, it looked as though smartphones would become the new wallets — and then came Venmo. Acquired by e-commerce company Braintree for $26.2 million in 2012 and then by PayPal for $800 million just one year later, Venmo has become one of the most popular mobile applications for “person-to-person” (P2P) payments among millennials in the United States.
Investors haven’t been impressed with Snap this week despite an ambitious content initiative and CEO Evan Spiegel’s plans for profitability.
Check out the companies making headlines before the bell: JPMorgan Chase JPM – The bank reported quarterly profit of $2.34 per share , beating the consensus estimate of $2.25 a share. Revenue also beat Street forecasts.
Snap SNAP could go private if it can't get people to stay on its Snapchat app for longer and improve its monetization, according to a Wall Street research firm. Snap, parent company of Snapchat, started publicly trading in March 2017 but has shed $20 billion in market capitalization since then and has struggled to attract new users. "The data we look at is showing a widening user base, although one which is collectively reducing its time on the platform," said Brian Wieser, a senior research analyst at Pivotal Research Group, in an email to CNBC.
Thursday’s surge in the spot gold price – a 2.5 percent jump to $1,224 an ounce, its sharpest leap in more than two years – looks like confirmation of a trend that’s been developing for a while. Since hitting a five-year high in May, ETF holdings of gold have experienced an unrelenting decline, paralleling the slump in the spot metal itself. The relationship between the gold price and ETF holdings is a complicated one, where the biggest question is often which is the tail and which the dog.
Howard Lindzon’s latest blog post about Tencent Holdings’ (OTCMKTS:TCEHY) misguided $2 billion investment in Snap (NYSE:SNAP) has to make long-time owners of Snap stock question their sanity for hanging on as it’s dropped from $20 to less than $7. Snapchat and Snap stock is in free fall making Twitter’s (NYSE:TWTR) 22% year-to-date return (through Oct. 9) look pretty darn good. Is Twitter a Buy?
Thanks to family inheritances, family businesses, and technology startups, there seem to be more young billionaires today than at any point in history. According to Forbes, the youngest billionaire in the world comes in at just 22 years old, with the tenth youngest being 31 years old. Earlier this year there were reports that Kylie Jenner is on the cusp of being the world's youngest self-made billionaire, a title that Mark Zuckerberg, co-founder and chief executive officer (CEO) of Facebook ( FB), earned in 2006 at the age of 23. Jenner has an estimated net worth of $900 million and turned 21 in August 2018.
Uncertainty around rates, fiscal policy, trade, and the midterms mean it's a good time to be defensive, the Elevation Partners co-founder says. Especially going into the elections, McNamee says he feels more comfortable with shorts, or bets that equities will fall. Uncertainty around interest rates, fiscal policy, trade, and next month's midterm elections mean it's a good time for investors to be defensive, Elevation Partners co-founder Roger McNamee told CNBC on Thursday.
When the carnage finally ended, the Facebook stock price lost more than 4%. While many folks in mainstream circles reacted harshly to the company’s role in the Cambridge Analytica controversy, I held firm.
For a period last month, Spotify (SPOT) was contacting some customers on its family plan to confirm their residential addresses. Spotify’s policy requires that those on its premium family plan live at the same address. The company has warned that those who fail to confirm their residential address through GPS data could lose access to the family plan.
Among Snap’s myriad problems is a wrong-way bet on cloud computing. Snapchat’s parent company has contracts with both Amazon.com Inc. and Alphabet Inc.’s Google to ensure every dog-ear selfie and video diary created by the app’s users pings smoothly among the world’s smartphones.
Snap SNAP is bouncing Thursday after plunging to an all-time low, but some say the worst isn't over for the long-suffering stock. Looking at the stock's severe price action a different way, the stock is now on track for its longest weekly losing streak ever, down for 14 straight weeks. The stock has become grossly oversold, Miller Tabak equity strategist Matt Maley said Wednesday on CNBC's " Trading Nation ." While that may give way to a relief rally, as it did in June when the stock's relative strength index dropped to levels similar to those seen this week, the stock may have deeper issues.