Previous close | 0.0100 |
Open | 0.0100 |
Bid | 0.0000 |
Ask | 0.0100 |
Strike | 6.00 |
Expiry date | 2024-05-17 |
Day's range | 0.0100 - 0.0400 |
Contract range | N/A |
Volume | |
Open interest | 436 |
Snap Inc. (SNAP) shares are surging during Friday's trading session, propelled by first quarter results that surpassed revenue expectations for the company. The social media platform reported a 21% year-over-year increase in revenue for the quarter, fueling the stock's trading activity. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Insightful Analysis of Snap Inc's Financials and Strategic Position
Adult U.S. TikTok users spend an average of 54 minutes on the app on any given day, more than Instagram, Snapchat or YouTube, according to research firm eMarketer. If TikTok were to disappear, those platforms — along with younger, smaller emerging rivals — would be scrambling for those valuable minutes of people's attention. Meta, which owns Facebook and Instagram, may see more advertisers amid uncertainty for its biggest rival, according to analysts who follow the company.