11.45 +0.01 (0.09%)
After hours: 7:19PM EDT
|Bid||11.43 x 900|
|Ask||11.45 x 1100|
|Day's Range||11.34 - 11.83|
|52 Week Range||10.50 - 21.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.87|
App Store Official Charts for the week ending August 19, 2018: App Store Top Paid iPhone Apps: 1. Minecraft, Mojang 2. Heads Up!, Warner Bros. 3. Plague Inc., Ndemic Creations 4. Facetune, Lightricks Ltd. ...
In an era when venture-capital firms are raising megafunds in the billions of dollars, Benchmark Capital—one of the best-performing investors—is resisting the temptation to go big.
Lady Gaga once sang she has a hundred million reasons to walk away but needs one good one to stay. This is my sentiment toward Snap (NYSE:SNAP). While I may not have as many reasons as Lady Gaga to dump SNAP stock, the impetus to walk remains the same.
Cost-cutting played a major role in propelling Twitter (TWTR) to its first-ever profit in the fourth quarter of 2017. Twitter’s costs had been falling in the quarters leading up to its profit milestone. Now that the company is profitable, posting its third profitable quarter in a row in the second quarter, its costs are beginning to rise again.
It’s important to take a step back when considering Facebook (NASDAQ:FB) stock. It’s true that Facebook stock saw the biggest one-day decline in market value in history last month; a $119 billion drop is a lot worse than Intel (NASDAQ:INTC) losing $90 billion during the dot-com bust.
Twitter (TWTR) has been linked to plans to create a version of TweetDeck that could be offered on a paid-access basis to heavy users such as brands and news organizations. TweetDeck is offered as a dashboard for managing Twitter accounts. A year ago, Twitter said it was running tests on whether or not a subscription product built around TweetDeck would be attractive. However, there have been no updates on TweetDeck monetization plans since.
Twitter (TWTR), Facebook (FB), Google (GOOGL), Microsoft (MSFT), and several other companies that operate digital platforms have teamed up on an open-source initiative called the Data Transfer Project (or DTP).
Square’s (SQ) peer-to-peer payment service Cash app is now more popular than PayPal’s (PYPL) competing service Venmo, according to data from app research firm Sensor Tower and Wall Street firm Nomura Instinet. Cash app’s accumulative downloads hit 33.5 million at the end of July, surpassing Venmo’s cumulative downloads of 32.9 million, Nomura wrote in a research note cited by CNBC. The Cash app has never racked up more downloads than Venmo, so the data indicate a milestone for Square in its race with PayPal to dominate the peer-to-peer payment market.
If the performance results Twitter (TWTR) has released in recent quarters are anything to go by, it makes sense that the company would want to invest more in video, as its video executive recently suggested regarding the addition of more sports content. Twitter’s advertising and companywide revenue returned to growth after the company announced several dozen new video agreements. Twitter’s advertising revenue jumped 23% YoY (year-over-year) to $601 million in the second quarter following a 21% YoY rise in the second quarter and a 1.0% YoY rise in the fourth quarter of 2017.
In the wake of the Facebook (FB) privacy scandals earlier this year, Twitter (TWTR) had to explain that its data licensing business was not built on secrets that could unravel, put the company to shame, and break down its high-margin data business. The resilience of Twitter’s data licensing business was showcased in the second quarter, during which growth in the business actually accelerated despite the privacy concerns stirred up by Facebook’s data scandals and the stricter data privacy rules that went into effect in Europe in May. Twitter sees no privacy risk to its data licensing business because it sells access only to public data. Twitter’s revenue from licensing data and other non-advertising operations rose 29% YoY (year-over-year) to $109 million in the second quarter.
Snap promised a sorely needed redesign for Snapchat's sluggish Android app back in November, and it's now clear what that tune-up will entail. Jane Manchun Wong has discovered (with additional detail from Kieron Quinn) that Snapchat's Android app hides a rough alpha version of the revamp with an experience more on par with the iOS version. The new interface is slightly tidier, but the most noticeable change is performance -- gone is the choppiness that you usually have to endure on Android.
Selin Pesmes says she uses selfie filters because they smooth out her skin and present a "better-quality version" of herself. Some people love these selfie filters so much that they're going to plastic surgeons and asking for cosmetic procedures that'll make them look like a software-enhanced version of themselves. This phenomenon, which has been dubbed as "Snapchat dysmorphia," is being described by doctors and researchers as a form of body dysmorphic disorder (BDD).
Facebook (NASDAQ:FB) finds itself still recovering from its second-quarter earnings report. A disappointment on the revenue front sparked the largest single-day market cap loss in stock market history. Facebook stock has seen little movement since.
If Twitter’s (TWTR) latest quarterly results contained any lesson, it was that the company is prioritizing cleaning up its platform over driving user growth. As if losing a million monthly users in the second quarter wasn’t enough, Twitter went on to say that its number of monthly users could fall further in the third quarter due to a confluence of factors, including its crackdown on fake accounts and the stricter privacy rules that took effect in Europe in May. Facebook (FB) blamed Europe’s new privacy law for its slow user growth in the second quarter. Twitter has been shutting down automated accounts set up with malicious intentions, such as spreading hate speech and false news.
Venice, California-based Snap Inc. is in the news so often, here at L.A. Biz we call stories about the social-media platform “daily Snaps.”
What might have been a sleepy, late-summer week was everything but: from a volatile Turkish lira to the ups and downs of Tesla’s share price, there was rarely a quiet moment. Here is my pick of this week’s ...
Generally, Pandora views mixing partnerships with direct marketing efforts as a way to lower its customer acquisition costs. Pandora’s marketing expenses dropped to $125.4 million in the second quarter from $145.9 million a year ago. The company has recently struck multiple partnership deals, including with AT&T (T), Snap (SNAP), and T-Mobile (TMUS). The partnership with T-Mobile involves providing special Pandora service offers to the customers of the mobile operator.
Twitter (TWTR) shares fell the most in four years after the company reported that its number of monthly active users (or MAUs) had fallen in the second quarter. Twitter has recently stepped up its efforts to clean up its platform, particularly by shutting down bogus accounts. While investors have typically focused on Twitter’s monthly audience, the company believes that its daily audience is a better measure of its success.
Amazon’s (AMZN) threat to Alphabet’s (GOOGL) Google and Facebook (FB) in the advertising industry appears to be growing, according to these companies’ recent quarterly results. While Amazon has long been known to seek digital advertising dollars, the company kept its advertising ambitions and activities in the advertising industry to itself. More recently, Amazon has been discussing its advertising business publicly.
Early indications are positive for mobile AR, with Pokémon GO (tens of millions), Snapchat (hundreds of millions) and WeChat (billions) showing what is possible. Google’s Maps/Lens combo demoed at Google I/O also has potential.
In terms of geography, Twitter (TWTR) breaks its results down into two units: US and International. On the basis of audience, the International unit is Twitter’s largest, as ~80% of its users are outside the United States. On the basis of revenue, the United States is Twitter’s largest unit, supplying over 50% of its revenue.
Twitter (TWTR) has been stepping up its efforts to stimulate growth in its international business. The company recently rolled out its Twitter Lite app to nearly two dozen more countries. Twitter Lite is a lightweight version of the main Twitter app.
In this market, particularly in tech, arguing that a growth stock is “too expensive” is a good way to look foolish. Square stock now has more than doubled in 2018 and nearly has tripled over the past year.
Despite the tiny drop in its daily active users last quarter, Snap (NYSE:SNAP) and Snap stock have many strong, positive catalysts. The number of daily active users of Snap’s website, Snapchat, inched down 2% in the second quarter, compared with the first quarter. Snap blamed the quarter-over-quarter decline on an ongoing redesign of its website, meant to improve the experience of those who visit the site on Android devices.