S&P Futures
5,514.75 -27.00 (-0.49%) Dow Futures
40,891.00 -127.00 (-0.31%) Nasdaq Futures
18,876.75 -129.75 (-0.68%) Russell 2000 Futures
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2,527.30 +4.30 (+0.17%)
After hours:
| Previous Close | 9.34 |
| Open | 9.22 |
| Bid | 0.00 x 4000 |
| Ask | 0.00 x 3100 |
| Day's Range | 8.81 - 9.24 |
| 52 Week Range | 8.28 - 17.90 |
| Volume | |
| Avg. Volume | 22,756,670 |
| Market Cap | 14.703B |
| Beta (5Y Monthly) | 1.00 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.72 |
| Earnings Date | Oct 22, 2024 - Oct 28, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 12.91 |
ReutersSnap to focus on growing ads business, augmented reality amid poor stock performance
The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players such as Instagram parent Meta Platforms and Bytedance's TikTok for advertising revenue. At the start of August, Snap projected a weak forecast for the current quarter, citing a decrease in advertising spend and is now expected to report fiscal 2024 revenue of $5.34 billion, according to LSEG data. Snap's stock has fallen around 48% so far this year.
BloombergSnap CEO Rallies Workers on Ad Business Amid Stock Drop
(Bloomberg) -- Snap Inc. Chief Executive Officer Evan Spiegel is trying to rally employees amid a 48% drop in the stock this year, telling them in an internal letter that the company is on pace for record annual revenue and will continue to press forward on augmented reality.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatA Guide to Urban Swimming in Europe, Beyond the Seine“You may be wondering why, with all of t
Motley FoolIs Snap Stock a Buy?
There's a case to be made for buying this long-term under-performer but it may require too big of a leap of faith.
