9.16 +0.02 (0.22%)
After hours: 7:33PM EDT
|Bid||9.12 x 1100|
|Ask||9.17 x 900|
|Day's range||9.01 - 9.31|
|52-week range||8.67 - 21.22|
|PE ratio (TTM)||N/A|
|Earnings date||5 Nov 2018 - 9 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.44|
Although BlackBerry (BB) wasn’t featured on the list of companies leading the race to patent blockchain ideas, it does feature a massive patent portfolio. The company owns more than 40,000 patents, which it allows other companies to use in their products and services for a fee.
Dating app Tinder is rolling out a new feature aimed at its top-paying members. Called Top Picks, this feature is rolling out globally following successful trials in several countries in the last few months. Tinder is one of the online dating platforms operated by Match Group (MTCH). The others platforms are OkCupid, PlentyOfFish, and Match.com.
Vietnam has enacted a law that would require technology companies to store personal data on its citizens locally. This law, which is expected to take effect in 2019, has met resistance from foreign companies like Facebook (FB). Facebook and other foreign technology companies have expressed reservations regarding this law, fearing that it could make it easier for Vietnamese authorities to target political dissidents and expose their employees to the risk of arrest.
Snap (SNAP) is launching a new feature called Curated Our Stories, which allows media companies to stitch together public posts on Snapchat into themed stories. These could be daily or weekly stories centering on specific events or topics.
Short videos that are taking China by storm, and that's boosting the fortunes of apps like Douyin, known as TikTok in markets outside of China.
Since Snap (SNAP) reported audience growth that missed consensus estimates for the second quarter, there has been little consensus on Wall Street on what lies ahead for the company. Facebook (FB) has replicated some distinctive Snapchat features in its apps such as Instagram, cutting Snapchat’s competitive advantages. BTIG recently downgraded its rating on Snap stock to “sell” from “neutral,” saying that Snap is struggling to monetize its platform at a time when product innovation has been lacking.
Facebook (FB) recently signed an exclusive three-year agreement to show Spanish La Liga soccer matches in India and other Asian countries. It also began rolling its Watch video service internationally. A month later, Twitter (TWTR) recently announced a host of new deals aimed at expanding its live video offerings in the Asia-Pacific region.
Verizon’s (VZ) Oath subsidiary is on a mission to double its audience and generate as much as $20 billion in annual revenues by 2020. Oath currently has a monthly audience of 1 billion people across its various digital properties, including Yahoo Sports and TechCrunch. Snap (SNAP), another Oath competitor in the digital advertising business, reaches an audience of 188 million people daily through its Snapchat app.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Apple's (AAPL) newest and most impressive fitness and health-focused wearable, the Apple Watch Series 4. The episode then takes a look at some new sports content on Snapchat (SNAP), before finishing up with Nike's (NKE) latest international push.
Facebook (FB) is spending $1.0 billion to build its first data center in Asia, one of its fastest-growing regions. About 40.0% of Facebook’s ~2.2 billion monthly users are located in Asia, which is up from less than 35.0% two years ago. Facebook has chosen Singapore as the location of its first Asian data center, which is slated to open in 2022.
Facebook (FB) has inked an agreement with the BBC (British Broadcasting Company) to air a weekly news show for its US-based Watch audience. Facebook Watch, or simply Watch, is Facebook’s online video service akin to Google’s (GOOGL) YouTube. Watch launched in the United States a year ago, and it began rolling out globally in August.
Two years after his ouster from LendingClub, ex-CEO Renaud Laplanche is building a rival online lending platform and trying hard to avoid past mistakes.
Twitter (TWTR) has recently unveiled a new audio-only broadcast feature on its Twitter app and its live-streaming app, Periscope, for all iOS users. The company’s addition of this feature is aimed at expanding its footprint in the broadcasting and publishing spaces, thereby competing with other players in the social media space. Twitter’s Periscope and live video platform have been underperforming in recent years due to the falling popularity of posting viral videos and breaking news on Twitter’s public live-streaming platform.
As we mentioned in the previous part of this series, Snap’s (SNAP) Snapchat has issues with its user base that may not go away anytime soon. That has caused the stock to tumble to an all-time low.
Alphabet’s (GOOGL) Google has launched its Neighbourly app in more markets in India. Google’s Neighbourly app allows users to source location information from their neighbors. The app initially rolled out in Mumbai and Jaipur earlier this year, and Google has expanded its availability to five more Indian cities.
Snap (SNAP) has recently announced the departure of its chief strategy officer, Imran Khan, though he will continue to work as the company’s chief strategy officer for an interim period. Khan’s departure followed the exit of finance head Andrew Vollero and the vice president of monetization engineering, Stuart Bowers, who joined Tesla (TSLA) in May. Khan assumed his position at the company in 2015 and played an essential role in taking the company public in March 2017.
Snapchat parent Snap (SNAP) is currently trading at its all-time low of $9.20. The stock has declined 30% in one month after it reported its second-quarter financial results. The stock plunged after the company reported that Snapchat lost 3 million daily active users (or DAUs) during the quarter.
Snapchat is opening up public, user-submitted videos to the "Our Stories" feature to its media partners. Soon, the likes of CNN and NBC News will pull from public videos to supplement their own stories. Deadline writes that media companies using Snapchat will likely overlay graphics and text to the videos for context.
The back-and-forth over what to expect from shares of (SNAP)(SNAP) continued Thursday, with an analyst saying that while it may still resemble a “venture stage company” more than a year after its IPO, current prices make sense. Pivotal Research’s Brian Wieser boosted his rating on the Barron’s Next 50 company’s shares to “hold” from “sell,” maintaining a $9 price target that is right around current levels. Wieser is pretty hard on social media stocks at present: He has “sell” ratings on (FB) (FB) and (TWTR) (TWTR).