Snap Inc is a technology and social media company that primarily focuses on visual communication and storytelling through its flagship platform, Snapchat. The app allows users to send photos and videos, known as "Snaps," that can be enhanced with filters, lenses, and various creative tools. In addition to personal interactions, Snap Inc offers features such as Stories, Discover channels, and augmented reality experiences, which engage users and advertisers alike. The company is dedicated to innovating in the realms of augmented reality and multimedia messaging, fostering a platform that prioritizes privacy and ephemeral content sharing. Through these services, Snap Inc aims to create a vibrant community and offer unique advertising solutions for brands looking to connect with a youthful, tech-savvy audience. Read More
Snapchat's AI chatbot My AI—once met with user backlash—has seen U.S. daily active users grow 55% year-over-year, as Snap doubles down on integrating AI with augmented reality.
CEO Evan Spiegel noted progress with direct-response advertising solutions, continued momentum in driving performance for small and medium sized businesses and growth of Snapchat+ subscription business.
Social network Snapchat (NYSE: SNAP) announced better-than-expected revenue in Q1 CY2025, with sales up 14.1% year on year to $1.36 billion. Its GAAP loss of $0.08 per share was 40.3% above analysts’ consensus estimates.
Former Meta COO Sheryl Sandberg testified in an antitrust trial, revealing efforts to block ads from competitors like Google Plus and KakaoTalk, while Mark Zuckerberg acknowledged TikTok's dominance over Facebook and Instagram.
TikTok has reportedly laid off members of its U.S. e-commerce team amid internal performance issues and growing uncertainty over its future in the U.S., just days after a ByteDance divestment deal collapsed following Trump's steep new tariffs on China.
If the Street can anticipate a resolution to all tariff issues over the next 12-18 months, the analyst notes the most significant opportunity for certain names in his e-commerce coverage group.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
