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Snap Inc (SNAP.N)

SNAP.N on New York Stock Exchange

6.49USD
16 Nov 2018
Change (% chg)

$-0.33 (-4.84%)
Prev Close
$6.82
Open
$6.74
Day's High
$6.77
Day's Low
$6.28
Volume
3,149,424
Avg. Vol
4,694,701
52-wk High
$21.22
52-wk Low
$5.77

Latest Key Developments (Source: Significant Developments)

Snap Inc Says Outlook Assumes Q4 DAUS Will Decline Sequentially
Friday, 26 Oct 2018 

Oct 25 (Reuters) - Snap Inc ::SNAP INC SAYS IN Q3, OVER 85 PERCENT OF ADVERTISING REVENUE ON SNAPCHAT WAS TRANSACTED VIA SELF-SERVICE, UP FROM 35 PERCENT ONE YEAR AGO.SNAP INC SAYS COUNTRIES OUTSIDE OF N. AMERICA REPRESENTED 30 PERCENT OF Q3 TOTAL REVENUE, VERSUS 20 PERCENT IN Q3 2017 AND 32 PERCENT IN Q2 2018.SNAP INC SAYS OUTLOOK ASSUMES Q4 DAUS WILL DECLINE SEQUENTIALLY.SNAP INC SAYS QTRLY DECLINE IN DAILY ACTIVE USERS VERSUS Q2 WAS PRIMARILY AMONG ANDROID USERS.  Full Article

Snap Says Jared Grusd Will Be Joining Co As New Chief Strategy Officer
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Snap Inc ::SNAP - JEREMI GORMAN WILL BE CHIEF BUSINESS OFFICER, MANAGING GLOBAL BUSINESS SOLUTIONS, GLOBAL ONLINE SALES, CUSTOMER OPERATIONS, & BUSINESS MARKETING.SNAP - JARED GRUSD WILL BE JOINING SNAP AS NEW CHIEF STRATEGY OFFICER.SNAP INC - GORMAN JOINS FROM AMAZON, WHERE SHE IS HEAD OF GLOBAL ADVERTISING SALES.SNAP - JARED GRUSD SERVED AS CEO OF THE HUFFINGTON POST FOR PAST 3 YEARS.  Full Article

Snap CEO Sets Goal Of Profitability In 2019,Outlines New Strategic Goals For Employees- Cheddar
Friday, 5 Oct 2018 

Oct 4 (Reuters) - :SNAP CEO SETS GOAL OF PROFITABILITY IN 2019, OUTLINES NEW STRATEGIC GOALS FOR EMPLOYEES- CHEDDAR ,CITING A MEMO.SHARES OF SNAP UP 2.7 PERCENT IN EXTENDED TRADE.  Full Article

Snap Communications Head Mary Ritti To Leave Co- WSJ
Wednesday, 26 Sep 2018 

Sept 25 (Reuters) - :SNAP COMMUNICATIONS HEAD MARY RITTI TO LEAVE CO- WSJ.  Full Article

Snap And DC Entertainment Announce Content Partnership To Bring Mad Magazine To Snapchat
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Snap Inc ::SNAP AND DC ENTERTAINMENT ANNOUNCE CONTENT PARTNERSHIP TO BRING MAD MAGAZINE TO SNAPCHAT.SNAP INC - COLLABORATION TO BRING MAD CONTENT TO SNAPCHAT WILL LAUNCH ON SEPTEMBER 1, 2018.  Full Article

Snapchat Integrates Nielsen Premium Audience Segments
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Nielsen Holdings PLC ::SNAPCHAT INTEGRATES NIELSEN PREMIUM AUDIENCE SEGMENTS.NIELSEN - INTEGRATION WILL ALLOW ADVERTISERS & AGENCIES TO BUY INVENTORY ON SNAPCHAT USING NIELSEN-BRANDED AUDIENCE SEGMENTS.NIELSEN - OFFERING WILL ALLOW CLIENTS ACCESS TO AUDIENCE DATA ACROSS MORE THAN 30,000 SEGMENTS.NIELSEN - ADVERTISERS & MARKETERS CAN CREATE & CONNECT WITH PERSONALIZED AUDIENCE SEGMENTS.  Full Article

Tesla Says Snap's Stuart Bowers Is Joining Co As VP, Engineering
Wednesday, 23 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
Wednesday, 8 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 IPO class controversy: Can lead counsel swap in new lead plaintiffs?

We learned this week that investors are not the only ones interested in the social media company Snap’s disclosures as it prepared to go public. In response to questions about mysterious sealed filings in the docket of consolidated securities litigation over its IPO, Snap told Reuters that the U.S. Justice Department and Securities and Exchange Commission have sent the company subpoenas and other requests for information about its IPO disclosures as part of an apparent investigation of Snap’s re