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Snap Inc (SNAP.N)

SNAP.N on New York Stock Exchange

12.90USD
7:18pm BST
Change (% chg)

$-0.41 (-3.08%)
Prev Close
$13.31
Open
$12.85
Day's High
$13.09
Day's Low
$12.69
Volume
4,581,628
Avg. Vol
5,472,239
52-wk High
$21.22
52-wk Low
$10.50

Latest Key Developments (Source: Significant Developments)

Tesla Says Snap's Stuart Bowers Is Joining Co As VP, Engineering
Tuesday, 22 May 2018 

May 22 (Reuters) - Tesla Inc: :TESLA SPOKESPERSON SAYS CONFIRMS SNAP’S VICE PRESIDENT OF MONETIZATION, STUART BOWERS, IS JOINING COMPANY AS VP, ENGINEERING.  Full Article

Snap cuts about 100 employees in latest round of downsizing - Bloomberg
Thursday, 29 Mar 2018 

March 29 (Reuters) - :SNAP CUTS ABOUT 100 EMPLOYEES IN LATEST ROUND OF DOWNSIZING - BLOOMBERG, CITING SOURCES.SNAP INC IS CUTTING ANOTHER SET OF EMPLOYEES, FOCUSING ON THE ADVERTISING SIDE OF THE BUSINESS - BLOOMBERG, CITING SOURCES.  Full Article

China's Tencent takes a 10 pct stake in Snap - CNBC
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - :China's Tencent takes a 10 percent stake in Snapchat parent Snap - CNBC.  Full Article

Snap Inc "misjudged strong early demand" for spectacles and purchased more inventory than co now anticipates being able to sell
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Snap Inc ::Snap Inc - co "misjudged strong early demand" for spectacles and purchased more inventory than co now anticipates being able to sell.Snap - "moving forward, we will continue to be in the market place with spectacles and expect modest revenue from the product line".Snap Inc - "we are currently redesigning our application to make it easier to use"‍​.Snap - "there is a strong likelihood that the redesign of our application will be disruptive to our business in the short term"‍​.Snap - willing to take risk of redesign "for what we believe are substantial longterm benefits to our business‍​".Snap - "we don’t yet know how the behavior of our community will change when they begin to use our updated application".Snap says in 2018, going to build more distribution and monetization opportunities for creator community on snapchat - prepared remarks‍​.  Full Article

Snap Inc says ‍DAUS grew to 178 million
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Snap Inc ::Snap Inc reports third quarter 2017 results.Snap Inc - ‍DAUS grew from 153 million in Q3 2016 to 178 million in Q3 2017​.Snap Inc - qtrly net loss per share attributable to class A, class B, and class C common stockholders $‍0.36​.Snap Inc - ‍ARPU was $1.17 in q3 2017, an increase of 39% over Q3 2016 when ARPU was $0.84​.Snap Inc qtrly revenue $207.9 million, up 62 percent.Snap Inc - ‍in Q3 , recorded $39.9 million of charges related to spectacles inventory​.Snap Inc - ‍hosting costs per dau were $0.68 in Q3 2017, as compared to $0.64 in Q3 2016 and $0.61 in Q2 2017​.Snap Inc - qtrly ‍non-GAAP diluted net loss per share $0.14​.Q3 earnings per share view $-0.15, revenue view $236.9 million -- Thomson Reuters I/B/E/S.  Full Article

Snap Inc introduces Context Cards feature
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Snap Inc ::Snap Inc introduces Context Cards, a feature to display information about the snap users view.  Full Article

eMarketer cuts Snapchat's Fy 17 ad revenue forecast to $774.1 mln from $900 mln
Monday, 2 Oct 2017 

Oct 2 (Reuters) - :eMarketer cuts Snapchat's Fy 17 ad revenue forecast to $774.1 million from $900 million.  Full Article

Snap spectacles hardware lab cuts some jobs, changes leadership - Bloomberg
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - :Snap spectacles hardware lab cuts some jobs, changes leadership - Bloomberg, citing sources.  Full Article

Snap says introducing advanced mode for Snapchat Ad Manager - Blog‍​
Friday, 4 Aug 2017 

Aug 4 (Reuters) - Snap Inc ::Says introducing advanced mode for Snapchat Ad Manager‍​.Says advanced mode is rolling out now to select advertisers, with a wider release later in August - Blog​.  Full Article

Snap withholds shares from executives for taxes; 'not a sale'
Wednesday, 2 Aug 2017 

Aug 1 (Reuters) - Snap Inc said in filings on Tuesday with the U.S. Securities and Exchange Commission that it had withheld shares from four executives to satisfy income tax withholding and remittance obligations. :Says it has withheld 370,183 restricted stock units from Chief Strategy Officer Imran Khan to satisfy taxes -securities filing.Snap says it has withheld 315,463 restricted stock units from VP of Engineering Steven Horowitz to satisfy taxes -filing.Snap says it has withheld 176,454 restricted stock units from General Counsel Christopher Handman to satisfy taxes -filing.Snap says it has withheld 59,568 restricted stock units from Chief Financial Officer Andrew Vollero to satisfy taxes -filing.Withholding of restricted stock units 'does not represent a sale' of shares by company executives -filing.  Full Article

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Facebook used less for news as youngsters turn to WhatsApp - Reuters Institute

LONDON The use of social media networks such as Facebook to consume news has started to fall in the United States as many young people turn towards messaging apps such as Facebook-owned WhatsApp to discuss events, the Reuters Institute found.