6.20 +0.10 (1.64%)
Pre-Market: 5:41AM EST
|Bid||6.12 x 1000|
|Ask||6.20 x 1000|
|Day's Range||5.80 - 6.23|
|52 Week Range||5.77 - 21.22|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.12|
The social media singularity continues with the arrival of Snapchat Stories-style slideshows on LinkedIn as the app grasps for relevance with a younger audience. LinkedIn confirms to TechCrunch that it plans to build Stories for more sets of users, but first it's launching "Student Voices" just for university students in the U.S. The feature appears atop the LinkedIn home screen and lets students post short videos to their Campus Playlist. Students can tap through their school's own slideshow and watch the Campus Playlists of nearby universities.
Snap is reportedly set to release a new version of Spectacles with an aluminum design that packs in two cameras. Through the Snapchat app, you may be able to add augmented reality overlay effects in videos you capture with the updated Spectacles. Following a $40 million write-down on the first version after Snap overestimated demand (it ordered around 800,000 pairs), it has been more conservative with orders of the device.
This year hasn’t been especially fun for Twitter (NYSE:TWTR) shareholders. Twitter stock started 2018 with a bang, jumping from 2017’s closing price of $24 to June’s high around $47. Since then, however, TWTR stock has dropped as low as $26.19 and has risen only to the $32 range.
Facebook’s (FB) top legal officer, Colin Stretch, has reversed his earlier decision to leave the company, according to Recode. In July, Stretch announced that he was planning to leave Facebook at the end of the year. The reported decision by Facebook’s top lawyer to stay on comes at a time when the company is trying to navigate a number of legal challenges.
Snap Inc. is preparing to release a third version of Spectacles by the end of the year. Whereas previous iterations made small, mostly aesthetic changes to the video sunglasses, this version will mark a bigger revamp, with two cameras able to add augmented reality (AR) to the content they record. Spectacles 3.0, called “Newport” inside Snap (NYSE: SNAP), will reportedly cost more than previous versions: $350 versus the $150 for the second-generation released in April.
Snap Inc. reportedly isn't planning to give up on its goal of becoming a seller of physical cameras, according to Cheddar. The company is preparing to roll out an enhanced version of its Spectacles glasses by year end, Cheddar reported Tuesday. The new glasses would have two cameras, a "more premium frame made of aluminum," and a $350 price tag, according to the report. Snap has been selling cheaper Spectacles glasses for just over two years, but the company had to take a hefty charge because the products weren't selling as well as expected. A Snap spokesman said the company doesn't comment on product rumors or speculation. Its shares are down just 0.3% in Tuesday morning trading, while the tech-heavy Nasdaq Composite Index is off 2.2%. Snap's stock has shed more than half its value over the past 12 months, while the Nasdaq has ticked up just 1.1%.
Twitter (TWTR) has recently sought to attract more international users into its social network. The company’s efforts to draw more international users include launching a lightweight version of its social app for consumers with less Internet data and battery power in more than 45 countries, mostly emerging economies. At the same time, Twitter has been cutting deals to expand its international video library as a way to entice international users to its platform.
Microsoft’s (MSFT) Bing has shown promise time and again, but it’s still not able to beat Google’s (GOOG) growth in terms of search advertising. In the latest quarter, Bing’s revenue rose 9%, while Google’s rose 22%.