-
Why Snap Stock Is Diving Today
Wednesday, February 1, 2023 - 9:38am | 510Snap Inc (NYSE: SNAP) shares are trading lower Wednesday after the company reported fourth-quarter results and withheld forward guidance, citing "uncertainties related to the operating environment." Snap also noted that first-quarter revenue is down 7% quarter-to-date. SNAP Q4...
-
Snap Stock Sinks On Q4 Earnings, Company Holds Back Guidance: What's Going On?
Tuesday, January 31, 2023 - 5:23pm | 538Snap Inc (NYSE: SNAP) shares are trading lower in Tuesday's after-hours session after the company reported fourth-quarter results and withheld forward guidance, citing "uncertainties related to the operating environment." What Happened: Snap reported fourth-quarter...
-
Snap Urges Employees To Resume Full Time Office Starting February
Tuesday, November 29, 2022 - 8:20am | 348Snap Inc (NYSE: SNAP) CEO Evan Spiegel told employees that he expects them to be in the social media company’s offices in person 80% of the time starting in February. “I believe that spending more time together in person will help us to achieve our full potential,” Bloomberg...
-
Snap Inc Posts Q3 Revenue, EPS Beat, Announces Share Buyback, But The Stock Is Plunging For This Reason
Thursday, October 20, 2022 - 4:40pm | 535Social networking and camera company Snap Inc (NYSE: SNAP) reported third-quarter financial results after market close Thursday. Here are the key highlights. What Happened: One of the companies that was highlighted as an earnings report to watch for the week, Snap reported after the bell...
-
Snap Stock Is Surging Again: What's Going On?
Thursday, September 8, 2022 - 1:06pm | 430Snap Inc (NYSE: SNAP) shares continue to move higher Thursday. The stock surged Wednesday afternoon after an internal memo containing lofty revenue and user growth targets was leaked. What Happened: Snap CEO Evan Spiegel told employees that the company aims to...
-
Why Snap Stock Is Surging Wednesday Afternoon
Wednesday, September 7, 2022 - 3:23pm | 321Snap Inc (NYSE: SNAP) shares are trading higher Wednesday after an internal memo showed the company aims to reach $6 billion in revenue and 450 million users by the end of 2023. According to an internal memo obtained by The Verge, Snap CEO Evan Spiegel told employees that the company aims to grow...
-
Snap Said To Be Shuttering Web3 Team Amid Layoffs, Revamp
Thursday, September 1, 2022 - 11:24pm | 575Social media giant Snap Inc (NYSE: SNAP) is dissolving its Web3 team amid company-wide layoffs, according to a prominent member of that team. What Happened: Earlier this week, reports emerged that the Snapchat parent planned to cut 20% of its workforce, joining a cohort of...
-
Snap Provides Restructuring Plans, Announces New Strategic Priorities: What Investors Need To Know
Wednesday, August 31, 2022 - 10:33am | 431Snap Inc (NYSE: SNAP) shares fell Wednesday morning after the company confirmed reports that it planned to cut about 20% of its employees. However, the stock reversed course and surged higher after the company announced restructuring plans. What To Know: Snap laid out plans to...
-
Snap Reportedly Plans To Lay Off 20% Of Workforce Just Weeks After CEO Closed Deal For $120M Mansion
Wednesday, August 31, 2022 - 6:29am | 401Snap Inc (NYSE: SNAP), the parent company of the social media app Snapchat, plans to lay off around 20% of its workforce, The Verge reported on Tuesday. This report comes just weeks after Snap founder and CEO Evan Spiegel closed the deal — which was said to be in the...
-
Snap Working On Plan to Lay Off Employees Amid Fundamental Woes: Report
Tuesday, August 9, 2022 - 1:17am | 344Snap, Inc. (NYSE: SNAP), the parent of Snapchat, could reportedly join a bevy of tech companies that are either slowing hiring or eliminating jobs. Santa Monica, California-based Snap is in the early stages of planning job cuts, the Verge reported, citing people familiar...
-
Forget Pokemon: Snapchat Wants You To Hunt For Ghosts In AR Game
Thursday, July 28, 2022 - 4:43pm | 575Fans of augmented reality games may have another creature to catch after years of chasing Pikachu and other Pokemon on the mobile game “Pokemon Go.” A new game from Snapchat will have gamers chasing ghosts. What Happened: The first augmented reality game from Snapchat, owned by parent...
-
Snapchat Parent's Co-Founders Agree To $1 Annual Paycheck After Dismal Q2 Numbers
Thursday, July 21, 2022 - 11:17pm | 389Snapchat parent Snap Inc (NYSE: SNAP) co-founders Bobby Murphy and Evan Spiegel have agreed to serve in their respective executive roles for a compensation of $1 per year. What Happened: Murphy and Spiegel entered into “new long-term employment agreements” with Snap to serve as chief...
-
Snap Q2 Earnings Highlights: Stock Tanks On No Q3 Guidance, Revenue And EPS Miss
Thursday, July 21, 2022 - 4:37pm | 512Camera company and Snapchat parent company Snap Inc (NYSE: SNAP) is falling after-hours Thursday after reporting second-quarter financial results. Here are the key highlights. What Happened: Snap reported second-quarter revenue of $1.11 billion, up 13% year-over-year. The total came in shy of a...
-
Outgoing Secret Service Director To Join Snapchat Parent As New Security Chief
Thursday, July 7, 2022 - 10:33pm | 526Snap Inc (NYSE: SNAP) is reportedly roping in the head of a top federal law enforcement agency as its new chief security officer. What Happened: Outgoing U.S. Secret Service Director James Murray will assume his new role in Snapchat's parent company after his term...
-
Why Snap Shares Are Falling Today
Tuesday, May 24, 2022 - 8:27am | 424Snap Inc (NYSE: SNAP) shares are trading significantly lower Tuesday morning after the company filed a Form 8-K with the U.S. Securities and Exchange Commission showing it expects to miss its previously-issued guidance. "The macroeconomic environment has deteriorated further and...