Snap Stock

2022 - 7 - 22

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Image courtesy of "Investor's Business Daily"

Snap Stock Crashes As Snapchat Parent Misses Estimates, Won't ... (Investor's Business Daily)

The Snap earnings report fell short while the Snapchat parent didn't offer guidance. Snap stock crashed. So did other social media firms.

Advertisers in a wide variety of industry groups have reported concerns related to the macro operating environment. Signs of advertising weakness emerged when Snap reported first-quarter results on April 21. The change has cost social media stocks billions in lost revenue. Analysts expected a per-share loss of 1 cent on revenue of $1.14 billion. Consumers got more privacy but advertisers lost out on valuable user-tracking data. The Snapchat parent also declined to give third-quarter guidance.

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Image courtesy of "TheStreet"

Snap Stock Plummets As Q2 Earnings Rattle Tech With Ad Spend ... (TheStreet)

Snap shares plunged lower Friday after the messaging app maker posted its slowest revenue growth on record, while declining to offer near-term profit ...

The Snapchat messaging app maker posted a narrower-than-expected second quarter loss of 2 cents per share, but noted the revenues rose only 13% to $1.11 billion, a figure that missed Street forecasts. "The primary issue here is about how demand is materializing," he added. The warning trimmed hundreds of millions in value from social media stocks, including big tech giants Google ( GOOGL) - Get Alphabet Inc. Report and Meta Platforms ( META) - Get Meta Platforms Inc. Report, while reminding investors of the challenges that continue to face most companies over the second half of the year as supply chains remain tangled, input costs continue to surge and demand begin to wane. "And so we talked a little extensively about this already, but we've definitely seen the deceleration in demand with the platform changes, then all of the macro issues that have compounded on top of that, which are really a significant factor at this point, and then the competition play into it." "We face a number of very large and very sophisticated competitors (and) we're seeing the overall advertising pie grow at a slower rate amid the macro headwinds," CFO Derek Anderson told investors on a conference call late Thursday. "So as competition, whether it's with TikTok or any of the other very large, sophisticated players in this space, has only intensified and it's hard to disentangle the numerous factors here impacting what's clearly a headwind driving deceleration in our business." Snap Inc ( SNAP) - Get Snap Inc. Class A Report shares plunged lower Friday after the messaging app maker posted its slowest revenue growth on record, while declining to offer near-term profit guidance, as the messaging app maker took a big hit to its ad-based business.

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Image courtesy of "Motley Fool"

Snap Stock Crash Is an Opportunity, but Not One You Might Think (Motley Fool)

Snap's business should not be compared with other social media and ad tech companies. In this video, I will be going over Snap's (SNAP -36.82%) second- ...

The video was published on July 22, 2022. The likes of Pinterest, Alphabet, Meta Platforms, Roku, and The Trade Desk are all down after Snap's disastrous report as predicted in my last video. In this video, I will be going over Snap's ( SNAP -39.08%) second-quarter earnings report and explain why it should not be compared with other social media and ad tech companies.

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Image courtesy of "CNBC"

Snap shares dive 35% following poor earnings report (CNBC)

Shares of Snap fell 35% on Friday, a day after the company reported disappointing second-quarter results.

It was hit with a slew of analyst downgrades following the latest earnings report. The company attributed its results to a challenging economy, slowing demand for its online ad platform, Apple's 2021 iOS update and competition from companies like TikTok. Shares of Snap are down 78% year-to-date.

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Image courtesy of "Fast Company"

Snap stock price tanks in a warning sign for social media investors ... (Fast Company)

Social media stocks including Meta and Twitter took a tumble after hours on Thursday after Snap reported disappointing financial results.

In a statement, Snap CEO Evan Spiegel acknowledged the challenging environment and indicated that the firm would “evolve” some of its business objectives, including heavier investments in direct-response advertising and alternative revenue sources. Snap’s global active user base grew to 347 million, beating consensus estimates and representing growth of 18% compared to the same period last year. Snap’s average revenue per user was flat at $3.20, far lower than its peak of $4.06 in the fourth quarter of last year.

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Image courtesy of "Barron's"

Snap Plans to Split Its Stock. It Needs to Gain 250% First. (Barron's)

Snap co-founders Bobby Murphy (left) and Evan Spiegel (center) at the Snap IPO in 2017. Drew Angerer/Getty Images. Snap SNAP ...

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Image courtesy of "TheStreet"

Can Snap Stock Snap Back? Check the Chart. (TheStreet)

Snap stock lost more than a third of its value after the Snapchat parent's earnings report. Here's where support and resistance could be.

Snap is a much better company now than it was then, but that doesn’t always matter to the market in the short term. On the downside, traders should watch $10. Instead, Snap stock opened at $11.10 and has been eroding lower since. Amid the rally, the shares moved up 25%, which sent them right into the 50-day and 10-week moving averages. That, of course, is no longer the case with today’s action. Twitter ( TWTR) - Get Twitter Inc. Report didn’t wow anyone either, although it has the whole Elon Musk saga dragging out and acting as a dominant talking point.

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Image courtesy of "The Business Times"

'Awful' Snap sales wipe almost US$80b from social stocks (The Business Times)

US social-media companies saw nearly US$80 billion wiped off their stock-market values Friday(Jul 22), after disappointing revenue from Snap and a ...

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Image courtesy of "Barron's"

Snap Stock Plunges and Takes Meta and Twitter Down With It (Barron's)

Shares of the Snapchat parent fall on weaker sales growth. Other social-media stocks tumble.

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Image courtesy of "TechCrunch"

Snap stock is getting obliterated (TechCrunch)

Plenty of tech stock has taken massive haircuts amid a wider selloff in tech stocks, but Snap has now fallen much deeper percentage-wise than some ...

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Image courtesy of "Motley Fool"

Here's Why Snap Stock Crashed Today (Motley Fool)

The parent company of Snapchat said its revenue rose 13% year over year to $1.1 billion. That represented a marked deceleration from the 38% growth Snap ...

Although Snap expects its daily active users to grow to 360 million in Q3, its revenue is on track to be roughly flat compared to the prior-year period. Snap said the downturn will force it to prioritize cost-reduction and productivity initiatives, including putting the brakes on hiring. The parent company of Snapchat said its revenue rose 13% year over year to $1.1 billion.

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Image courtesy of "The Wall Street Journal"

Snap Stock Tumbles as Digital-Advertising Concerns Spread (The Wall Street Journal)

Snap shares fell 39% to $9.96, the lowest since the pandemic began in March 2020. The stock is on track for its second-largest daily percentage drop on record.

- Opinion: Electricity Is the New Medical Miracle The stock is on track for its second-largest daily percentage drop on record. You may cancel your subscription at anytime by calling Customer Service.

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