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Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure
Reuters100d agoneutral
Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure

Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality ‌glasses are part of its long-term strategy, pushing back ‌on activist investor demands to shut down or spin off the cash-burning unit ​behind the device. The launch ⁠comes months after Irenic Capital Management pushed Snap to consider options for Specs as part of a ⁠series of changes that the activist investor said could boost the social media company's worth by at least five times. Irenic has argued ​Specs should ​be funded on its own, ​noting Snap has already spent ‌more than $3.5 billion on the unit.

Snap (SNAP) Stock Could Be 25% Below Fair Value as AR Growth Narrative Builds
Simply Wall St.101d agoneutral
Snap (SNAP) Stock Could Be 25% Below Fair Value as AR Growth Narrative Builds

Recent Performance Snapshot for Snap stock With no single event driving Snap (SNAP) into focus today, attention turns to how the stock has been trading recently and what its latest financial figures might mean for different types of investors. Over the past day Snap returned 8.56%, with gains of 1.06% over the past week and 3.26% over the past month. Across the past 3 months, the stock returned 22.80%, while year to date it is down 29.77% and the 1 year total return is down 30.96%. Longer...

Bumble, Snap, and Lyft Stocks Trade Up, What You Need To Know
StockStory101d agoneutral
Bumble, Snap, and Lyft Stocks Trade Up, What You Need To Know

A number of stocks jumped in the afternoon session after oil prices and yields fell as the Trump Administration announced a new peace deal that would lead to the reopening of the Strait of Hormuz. Consumer internet companies are priced on future earnings.

Why Snap (SNAP) Stock Is Trading Up Today
StockStory101d agoneutral
Why Snap (SNAP) Stock Is Trading Up Today

Shares of social network Snapchat (NYSE: SNAP) jumped 6.8% in the afternoon session after S&P Global Ratings upgraded the company's debt and it acquired augmented reality (AR) firm Illumix, boosting confidence in its financial health and future strategy.

Snap’s AR Push And Debt Upgrade Reframe Valuation And Risk Profile
Simply Wall St.101d agobullish
Snap’s AR Push And Debt Upgrade Reframe Valuation And Risk Profile

Snap (NYSE:SNAP) has agreed to acquire augmented reality company Illumix, adding new AR technology and talent to its platform. S&P Global Ratings recently upgraded Snap's debt, citing changes in the company's credit profile. Together, the Illumix deal and the debt upgrade point to a shift in how Snap is positioning itself across both product and financing decisions. Snap runs Snapchat, an advertising driven social media and messaging platform, and has been investing in augmented reality...

Bloomberg102d agoneutral
Starmer Announces Full Ban on Social Media for UK’s Under 16s

(Bloomberg) -- Prime Minister Keir Starmer announced what he described as a “full ban” on children using social media, one of the strictest online crackdowns in the democratic world and going beyond limits imposed by Australia last year.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s B

SpaceX IPOs on Friday. The 55% rule says don’t chase it.
24/7 Wall St.106d agoneutral
SpaceX IPOs on Friday. The 55% rule says don’t chase it.

For much of the past month, Wall Street has been chanting the same three letters: SPCX, the Nasdaq ticker SpaceX intends to use when it begins trading on June 12, 2026. Retail investors have piled into the Destiny Tech100 vehicle, prediction markets have lit up, and r/wallstreetbets has turned a single post titled “$8 to ... SpaceX IPOs on Friday. The 55% rule says don’t chase it.

3 Internet Stocks on Our Buy List
StockStory107d agobullish
3 Internet Stocks on Our Buy List

Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. This influence cuts both ways though because they have high exposure to the ups and downs of consumer spending, and the market seems to believe the tide is turning in the wrong direction - over the past six months, the industry has tumbled by 19.3%. This performance is a noticeable divergence from the S&P 500’s 7.5% return.

Credit Rating Upgrade Strengthens Bull Case for Snap Inc. (SNAP)
Insider Monkey109d agobullish
Credit Rating Upgrade Strengthens Bull Case for Snap Inc. (SNAP)

Snap Inc (NYSE:SNAP) is among the best Robinhood stocks under $20 to buy now. Analysts see more than 30% upside potential in Snap shares from the current level. On May 27, S&P Global Ratings upgraded its credit rating on Snap Inc (NYSE:SNAP). It raised the company’s issuer credit rating to BB- from B+. The firm […]

Here is why Meta Platforms, Inc. (META) is among the Top 10 Stocks That Members of Congress Own
Insider Monkey109d agoneutral
Here is why Meta Platforms, Inc. (META) is among the Top 10 Stocks That Members of Congress Own

With 262 hedge fund holders as of Q1 2026, Meta Platforms, Inc. (NASDAQ:META) is among the Top 10 Stocks That Members of Congress Own. On May 29, Meta Platforms, Inc. (NASDAQ:META) established a new Enterprise Solutions unit that embeds engineers and product managers directly with large corporate customers to accelerate the adoption and deployment of its artificial intelligence tools. […]

Snap’s Cost Cuts and AR Bet Could Be A Game Changer For Snap (SNAP)
Simply Wall St.109d agobearish
Snap’s Cost Cuts and AR Bet Could Be A Game Changer For Snap (SNAP)

Snap recently reported strong first-quarter 2026 results, with revenue rising 12% year over year, adjusted EBITDA more than doubling, renewed daily active user growth, and a restructuring plan aimed at reducing annualized costs by over US$500 million in the second half of 2026. An interesting angle is how this cost-cutting push coincides with heavy investment in augmented reality, including the Illumix acquisition and development of its Specs AR glasses subsidiary. Now we’ll examine how...