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.
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Robinhood Markets stock was gaining early Tuesday after the trading platform said it would cut around a tenth of its employees. Robinhood said it would cut about 10% of its full-time employees and close a small number of open roles. Its shares were up 3.4% in premarket trading.
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...
↗️ SpaceX (SPCX): Shares of Elon Musk’s rocket company are poised for another day of gains, following a two-day rally that pushed the stock up about 43% from its IPO price. Shares advanced 9% premarket.
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.
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 (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...
Government proposes broader online safety restrictions for children
(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
The latest trading day saw Snap (SNAP) settling at $5.26, representing a -1.31% change from its previous close.
Section 230 protects tech platforms like Meta's Facebook and Google's YouTube from liability for user content. A horde of lawsuits could change that.
Reddit is seeing rapid international growth in revenues, users, and ARPU, aided by localization efforts and expanding advertising capabilities.
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.
The law would likely apply to American tech companies like Meta and Snapchat, but would have exemptions if safety requirements are met.
Snap (SNAP) closed the most recent trading day at $5.38, moving 3.76% from the previous trading session.
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.
The app used eye-tracking and a brand equity framework to determine how its user base responded to branded Commercials on Snapchat.
Russian agencies reportedly asked law enforcement to lift Roblox restrictions after the company pledged compliance with local laws.
Artificial intelligence is changing how software gets built inside Snap. More than two-thirds of Snap Inc.'s (NYSE:SNAP) new code is now written by AI, CEO Evan Spiegel said on the "Cheeky Pint" podcast in April. "I think people are going...
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 […]
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 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...
Snap (SNAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The app is expanding its user base and ad business in the region, and currently has more than 250 million monthly active users there.
The legendary abandons its more than 20 year tradition of keeping its funds to about $425 million.