Snapchat shares skyrocket on first earnings beat with revived user growth
In a letter to investors issued today, Spiegel lays out the case for Snap's eagerness and efficiency at responding to growing competition from Facebook and slowing growth internally.
While Snap made significant gains in Q4 - the results impressed investors, sending the company's stock soaring to heights it hasn't seen in a while - it's still unclear whether the social app can become a true alternative to Facebook and Google as a digital advertising giant in the months and years to come. Of all equities tracked, Snap had the 7th highest net out-flow for the day.
Snap is working on redesigning its app to separate what friends share and what media organizations publish in an attempt to appeal to a broader range of users.
On the positive side, Wieser noted that Snap managed to attract smaller advertisers en masse for the first time. Westwood Holdings Group Inc. bought a new position in Snap during the second quarter valued at about $148,000. The company had a trading volume of 166,232,094 shares, compared to its average volume of 22,712,875. Steward Partners Investment Advisory LLC boosted its stake in shares of Snap by 967.3% during the 4th quarter.
"Among our Top 10 Surprises for the internet sector in 2018, we included: Snap Snaps Back", Mahaney said in a research note to clients. Snap's new feature might not have been a direct response to these concerns, but it'll be interesting to see if and how it impacts the way people use Snapchat.
Snap Inc. operates as a camera company. Snap has a 12 month low of $11.28 and a 12 month high of $29.44. The firm has a market cap of $24,990.00 and a PE ratio of -6.53.
Extreme Networksreported a fiscal second quarter net loss of $31.9 million, or 28 cents a share, on revenue of $231.1 million, up 48 percent from a year ago.
Hot tea ups esophageal cancer risk in smokers, drinkers
Participants who drank tea on a weekly basis were asked to describe its temperature as "warm", "hot" "or "burning hot". However, a recent study shows that in smokers and alcohol drinkers hot tea can cause esophageal cancer much faster.
Japanese stocks plunge 4% after Wall St sell-off
The yen attracted purchases as a safe-haven currency following sharp falls in NY and Tokyo equities, currency traders said. By early afternoon in Asia, Dow and S&P futures were both down more than 4 percent, suggesting a weak open for US markets.
Investigation into Karolyi Ranch ordered by Governor Abbott
Gymnastics cut ties with the ranch earlier this month after a groundswell of criticism of its handling of the Nassar allegations. Last week, the Dallas Morning News reported that Nassar practiced medicine in Texas without a Texas medical license .
Snap was not as forthcoming about after it was initially expected to launch in late 2017.
Snap also increased its daily active users by 8.9 million, a 5 percent increase, bringing its total to 187 million, the company said in an earnings release.
A number of analysts have weighed in on the stock.
It's that time of the year again when companies share their fourth-quarter results and Snap reports solid growth in North America.
In the middle of 2017, Snap began moving to an automated bidding process for selling ads, making it easier for more marketers to buy spots. Fourteen equities research analysts have rated the stock with a sellrating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. The company has an average rating of "Hold" and a consensus target price of $17.99.
In other Snap news, Director Mitchell Lasky sold 25,000 shares of the business's stock in a transaction dated Tuesday, February 6th. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Pak urges Afghanistan to stop blame game
Pakistan delegation was led by Foreign Secretary Tehmina Janjua and has offered a joint investigation into the terrorist attacks. Pakistan has urged Afghanistan to stop the blame game and asked for its co-operation in combating terrorism.
Google removed 700000 bad apps from the Play Store past year
The report highlights that Apple continues to lead in terms of app revenue while Google maintains its lead in app download volume. Google removed more than a quarter of a million apps a year ago that attempted to deceive users by impersonating famous apps.
Saudi prince suspected of corruption released
With a net worth of $17bn, he had also invested in top hotels including the George V (Paris) and the Plaza (New York). He also said he had been well treated in detention, describing rumours of mistreatment as completely false.
WFAN Airing Special Following WWE Royal Rumble
This would also save the heels from taking a credibility killing loss, though obviously there are other ways to accomplish that. Aiden English is a former NXT Tag Team Champion and he's found a nice spot for himself as Rusev's "encouragement specialist".