For well over a year, investors could count on shares of Snap (NYSE: SNAP) dropping after the company reported earnings. But it snapped that streak today after it reported financial results for the first quarter of 2024, and as of 12:30 p.m. ET on Friday, the stock was up a stunning 29%. Going into the ...
motleyfoolusx:snap
Shares of Snap Inc. (NYSE: SNAP) jumped 30% on Friday, a day after the company delivered strong results for the first quarter of 2024. Revenue and earnings increased year-over-year and surpassed market estimates. The social media platform benefited from growth in advertising revenue and daily active ...
alphastreetusx:snap
Snap Inc. (NYSE: SNAP) reported revenues of $1.19 billion for the first quarter of 2024, up 21% year-over-year. Net loss was $305 million, or $0.19 per share, compared to $329 million, or $0.21 per share, in the prior year. Adjusted EPS more than doubled YoY to $0.03. Daily active users (DAUs) increased ...
alphastreetusx:snap
Shares of Snap (NYSE: SNAP) were gaining today as Congress appeared to move a step closer to banning TikTok in the U.S. or forcing its parent company, China-based ByteDance, to sell the rights to operate the popular social media app in the U.S. While there was no company-specific news out on Snap, investors ...
motleyfoolusx:snap
Perhaps stung by criticism that it has done little to no legislative work, the U.S. House of Representatives is currently laboring to transfer the ownership of -- or ban -- the hotly popular TikTok social media site in the United States. Clearly encouraged by that effort, on Wednesday market players ...
motleyfoolusx:snap
Interest rates soared throughout 2022 and 2023, leaving businesses feeling uncertain. They couldn't be sure about the impact on consumer spending, so many of them braced for lower revenue by slashing costs -- especially on line items like marketing. That hurt companies reliant on advertising to generate ...
motleyfoolusx:snap
Are you considering a stake in shares of Snapchat parent Snap (NYSE: SNAP) following February's post-earnings pullback? It's not a terrible strategy. Good stocks are great buys when they're on sale. Now down by one-third of February's peak, Snap stock is clearly on sale. Before using Snap's setback as ...
motleyfoolusx:snap
Reddit (NYSE: RDDT) went public at $34 per share on March 21. The social news platform provider's stock opened at $47 and ended its first day at $50.44. That gave it a market cap of $8 billion -- but it's still a lot smaller than larger social media companies like Meta Platforms (NASDAQ: META), Pinterest ...
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Fool.com contributor Parkev Tatevosian compares Pinterest (NYSE: PINS) and Snap (NYSE: SNAP) to determine the best growth stock. *Stock prices used were the afternoon prices of March 12, 2024. The video was published on March 14, 2024. Continue reading
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