Markets

Snap rallies 7% after unveiling TikTok-competitor Spotlight

Snap rallied as much as 7% on Monday after unveiling Spotlight, a new Snapchat feature set to compete with TikTok and Instagram Reels. The jump placed shares above the previous record-high set on November 6. The service will allow users to submit snaps to be featured in a reel of […]
Snap rallies 7% after unveiling TikTok-competitor Spotlight
Markets

Snap is going bananas after stopping the bleeding of its user base

Snap beat on both the top and bottom lines. The company also said its daily active-user count stabilised in the period after two quarters of decline. Snap shares under pressure over the past year as the company lost popularity following its redesign and had to deal with sustained pressure from […]
Snap is going bananas after stopping the bleeding of its user base
Markets

Snap sinks after revealing it was subpoenaed by the the US Justice Department and Securities and Exchange Commission for information related to its IPO disclosures

Snap revealed that it has responded to subpoenas from the DOJ and SEC on issues related to the company’s IPO disclosures, according to Reuters. Investors allege that Snap misled the public about how competition from Facebook’s Instagram service had affected the company’s growth, Reuters said. Snap has been struggling this […]
Snap sinks after revealing it was subpoenaed by the the US Justice Department and Securities and Exchange Commission for information related to its IPO disclosures
Markets

Snap is on track to break its 8-day losing streak

Snap was up about 1.5% Friday, and on track to post its first gain in eight trading days. Shares have found support near $US11.50 over the past couple of trading sessions. Follow Snap’s stock price in real-time here. Snap shares were grinding higher Friday, up about 1.5% at $US11.58, and […]
Snap is on track to break its 8-day losing streak
Markets

Snap is rallying for a 5th straight day

Snap is in the midst of a five-day rally. Shares have gained more than 20% in that span. A research note from notorious short-seller Andrew Left sparked the mini run, according to several sources. Watch Snap trade in real time here. Snap is jumping Tuesday, up 3.08% to $US12.70 a […]
Snap is rallying for a 5th straight day
Markets

Snap rises after hiring an Amazon veteran as finance chief

Snap is rising Tuesday morning following the departure of its chief financial officer Andrew Vollero. He will be replaced by a 20-year Amazon veteran Tim Stone. Follow Snap’s stock price in real-time here. Shares of Snap rose 1.5% in early trading Tuesday, breaking a five day losing streak, following the […]
Snap rises after hiring an Amazon veteran as finance chief
Markets

Snap crashes to a record low after its earnings disaster

Snap is set to open Wednesday near a record low after its earnings disaster. The company attributed its revenue miss to the Snapchat redesign. It warned that its second-quarter growth rate will decelerate. Watch Snap trade in real time here. Snap shares are trading lower by 20% and at a […]
Snap crashes to a record low after its earnings disaster
Markets

Snap jumps after announcing its new and improved Spectacles

Snap shares are rallying after the company released the details of its new and improved version of its Spectacles. The new version will incorporate things that customers had wanted, according to Snap Senior Vice President of Hardware Mark Randall. Watch Snap trade in real time here. Snap shares are rising […]
Snap jumps after announcing its new and improved Spectacles
Markets

Snapchat usership gets a much needed boost after its devastating redesign

Snapchat‘s growth rate has stalled dramatically in recent months, but saw an uptick in March. New data from comScore show the company may be shrugging off the effects of its disastrous redesign. Follow Snap’s stock price in real-time here. Snapchat‘s usage is finally getting a boost following its disastrous redesign […]
Snapchat usership gets a much needed boost after its devastating redesign
Next Page »