|Bid||0.00 x 900|
|Ask||10.76 x 1200|
|Day's Range||10.61 - 10.72|
|52 Week Range||10.50 - 21.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 8, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.76|
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Snap Inc.’s latest iteration of its Spectacles glasses probably never should have seen the light of day. The new model makes slight improvements, but there remains no obvious use case for the glasses. You can send them to a friend on Snapchat or post them to a Snapchat story, but one supposed novelty of Spec footage is that you see a different frame depending on whether you’re holding your phone horizontally, vertically, or somewhere in between.
Pandora (P) is betting on programmatic advertising to turn around its dwindling fortunes in the advertising market. Its advertising revenue fell 3.9% YoY (year-over-year) to $214.6 million in the first quarter. Programmatic advertising is the automated buying and selling of online ad inventory, a model that has taken root in companies such as Facebook (FB) and Google (GOOGL).
A coalition of progressive groups is looking to spend as much as a six-figure sum on digital advertisements to promote its campaign to have Facebook (FB) broken up into smaller pieces, according to a report by Axios. The advertisements will run on platforms such as Instagram, Twitter (TWTR), and Facebook, implying that Facebook is poised to benefit financially from the coalition’s offensive. Instagram is one of the digital networking platforms owned by Facebook.
Twitter (TWTR) users could sooner or later be able to exchange encrypted direct messages on the platform, according to media reports citing clues in Twitter’s Android application code. Android, a Google (GOOGL) product, is the world’s most popular mobile operating system. In April, 75.7% of smartphones worldwide were running Android compared to 19.2% running Apple’s iOS and less than 1.0% running Microsoft’s (MSFT) Windows.
Facebook (FB) recently added Qualcomm (QCOM) as a partner in its Terragraph Project, which involves delivering high-speed wireless Internet connectivity to dense urban areas. Qualcomm is introducing technology that’s expected to help lower the cost of high-speed Wi-Fi connectivity in dense cities and deliver dependable wireless connectivity in areas with significant obstacles.
Online data security has become a serious concern for Internet users and regulators in the wake of high-profile data breaches at companies such as Equifax (EFX), Anthem (ANTM), and Sony (SNE). Twitter had 336 million monthly active users globally at the end of the first quarter, up from 330 million monthly users (or MAUs) at the end of the previous quarter. Twitter didn’t disclose how many passwords were exposed due to the glitch.
Blocking people on social media is a powerful tool, but should people use it? On Wednesday, New York District Court Judge Naomi Buchwald ruled that President Trump and other public officials cannot block users on social media because doing so would violate the First Amendment.
The Facebook Inc. (NASDAQ:FB) “scandal” is officially in the rear view mirror, at least according to Wall Street. Facebook stock, which fell 20% in March when the company came under political attack for its role in the 2016 elections, is back to pre-crisis levels, opening for trade May 23 at about $184 per share. The results reaffirmed Facebook’s status as a “Cloud Czar,” one of the five huge companies that now dominate computing and society, because they can afford to keep building so-called “hyperscale” data centers and fill them with traffic.
Snap will invest $150,000 in companies working in “augmented reality, interactive storytelling, new kinds of narratives, or something we haven’t even thought of yet.”
Starting today, a tough new data protection rule takes effect in Europe. The General Data Protection Regulation, or GDPR, is designed to change how companies use and process your personal data. Yahoo Finance’s Alexis Christoforous and Cindy Compert of IBM Security discuss.