Yes, Roundhill Ball Metaverse ETF (METV) holds SNAP with 1.46% (as of 2026-09-23).

Snap Inc. (SNAP) is held by METV (1.46%).

What AI bubble is SNAP in?

Snap Inc. (SNAP) is mapped to the AI-Capex Hyperscalers bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.42 to hyperscalers centroid (29 obs, 2nd: ai-software 0.299). is_primary_bubble=FALSE.

What sector is SNAP in?

Snap Inc. is classified under GICS Communication Services (Interactive Media & Services).

What is SNAP's last close price?

SNAP last closed at $5.30 on 2026-09-24.

SNAP

NYSENext earnings·Nov 4AnalystsHold·35+40%

Snap Inc.

Communication Services · Interactive Media & Services

$5.30last close

-35.5%~252d

Price

-35.52% over 1Y

4 auto-fib

Thesis

as of 2026-09-23

Bull case

Structural read: ad-platform laggard burning cash to stay relevant. DAU growth has shifted to ROW (India, Indonesia) where ARPU is a fraction of NA - top-line growth no longer maps to margin. Cost reset (headcount −10% in 2024, infra renegotiation with $GOOGL Cloud and $AMZN AWS) has narrowed losses but not produced sustained GAAP profitability.

AR Spectacles v5 (developer-only, $99/mo lease) is the moonshot but a decade-out monetization story.

- Snapchat+ subs ~14M at $3.99/mo = ~$670M ARR high-margin overlay on ad business

- DAU ~453M still growing y/y (low-to-mid single digits)

- AR/ML stack (Lens Studio, MyAI) is genuine tech moat if generative-AR breaks out

- $META/$GOOGL antitrust overhang could redistribute ad share

Bear case

- ad revenue per DAU still below pre-IDFA peak; pricing power weak

- direct-response ad performance trails $META by wide margin (advertiser ROAS gap)

- TikTok ($BABA-adjacent ByteDance) compresses time-spent on Snapchat among <25 demo

- AR Spectacles is multi-year cash drain with no clear consumer SKU

- stock at ~$5 is below 2017 IPO price; founder dual-class structure limits activist pressure

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Analyze SNAP· interactive tools

Bubbles· capital-flow co-movement

Top correlated· 252d co-movement

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Frequently asked questions

Is SNAP in METV?: Yes, Roundhill Ball Metaverse ETF (METV) holds SNAP with 1.46% (as of 2026-09-23).
What ETFs hold SNAP?: Snap Inc. (SNAP) is held by METV (1.46%).
What AI bubble is SNAP in?: Snap Inc. (SNAP) is mapped to the AI-Capex Hyperscalers bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.42 to hyperscalers centroid (29 obs, 2nd: ai-software 0.299). is_primary_bubble=FALSE.
What sector is SNAP in?: Snap Inc. is classified under GICS Communication Services (Interactive Media & Services).
What is SNAP's last close price?: SNAP last closed at $5.30 on 2026-09-24.

Key levels

$4.95
0.786 retr of 3.81->9.13 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
+7.1%
$5.84
0.618 retr of 3.81->9.13 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-9.3%
$6.47
0.5 retr of 3.81->9.13 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-18.1%
$7.10
0.382 retr of 3.81->9.13 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-25.3%

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Facts

Exchange: NYSE
Currency: USD
Market cap: $8.95B
Last update: 2026-09-24

Revenue (TTM)$6.4B

P/E -

P/S1.4×

Net margin-4.9%