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Tag Archives: snap stock price

Snapchat (SNAP) Stock Drops 11% as Revenue Fails to Meet Analysts’ Expectations

Snap’s revenue did not meet analysts’ expectations of $563 million which had a negative impact on SNAP stock price. However, the company managed to increase its daily active user base.Recently, Snapchat’s parent company Snap has published its Q4 2019 earnings. It has turned out the company has not lived up the revenue expectations of Wall Street analysts. As a result, Snap stock has dropped 11%.According to Snap, they have increased the fourth quarter revenue 44% year-over-year to $561...

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Snapchat’s Q3 2019 Earnings Beat Estimates, Revenue Shoots 50% YoY

Snap Inc., the parent company of multimedia messaging app Snapchat has delivered a strong performance in Q3 2019 and beats analysts’ expectations. The company has seen a major uptick in its user-base and revenue while limiting its losses even below the expected value.The net loss has decreased to $227 million from $255 million in Q2 2019 while it has decreased nearly $100 million QoQ. Last quarter, Snapchat added 7 million daily active users taking the total tally to 210 million. There is a...

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Snapchat (SNAP) Stock Sinks As Facebook Releases New Copycat App

On Thursday, after Facebook announced its new Threads app, Snap Inc. (SNAP) stock fell up to 7%. Facebook’s latest attempt to clone features already being used by Snapchat is only one of many, which has since pitched both social media giants together in the public eye.Even though Threads is a stand-alone app, it allows users already on Instagram to exchange status updates and media including photos and videos, to specific people who make up their “close friends”, an Instagram feature which...

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