Stock Data
$0.13 (2.49%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
COMMUNICATION SERVICES
Industry
INTERNET CONTENT & INFORMATION
Snap Inc., known for its popular visual messaging app Snapchat, offers a platform where users can share short videos and images through various features like snap map and stories. Beyond its app, Snap Inc. has ventured into hardware with Spectacles, eyewear that captures video from a human perspective. The company also provides diverse advertising options, including augmented reality and video ads, catering to businesses looking to connect with a young audience. Originally named Snapchat, Inc., it rebranded to Snap Inc. in 2016 and is based in Santa Monica, California.
Digital Turbine's 35% close is the loudest move of the session, with buyers paying up for growth names delivering results, as Shopify also advanced. The pain was just as concentrated: Lucid gave back ground and Astera Labs slid even as AI peers Nvidia and Arista advanced.
A near 7% intraday jump to $5.68 makes Snap one of the day's biggest movers in ad tech, and at an $8 billion market cap it takes very little buying to swing this one. The move rides a broad tech bid rather than any company news, so follow-through is the thing to watch.
Subscriptions are now doing the heavy lifting at Snap: Other Revenue jumped 85% to $316 million. Management guided Q3 revenue to $1.70 billion to $1.74 billion, with the SPECS AR glasses launch event set for September 16.
Snap reports after the close with ad recovery and user retention as the key battlegrounds against Meta and TikTok.
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