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SNAP News30 articles
Dow Dips Below 50,000 as Oil Drop Weighs on Energy Stocks
The Dow slipped below 50,000 by midday Thursday as oil prices fell nearly 3% on hopes for a U.S.-Iran deal, dragging energy shares lower.
S&P 500, Nasdaq Futures Flat Near All-Time Highs as Oil Slide Tests AI Rally
U.S. stock futures were nearly unchanged Thursday, with S&P 500 and Nasdaq contracts near record levels after a two-day AI-driven rally, while oil prices slid further on U.S.-Iran deal hopes.
Snap Shares Slide 7% After Perplexity AI Deal Collapse, Ad Revenue Warning
Snap shares dropped 7% after hours as the $400M Perplexity AI deal collapsed and Middle East tensions weighed on Q1 ad sales, though total revenue rose 12% and losses narrowed.
Snap Stock Falls 5% After Q1 Revenue Beat, Cautious Q2 Outlook, and End of Perplexity AI Deal
Snap Inc. reported Q1 revenue up 12% to $1.53B and 483M daily active users, but shares fell 5% after a cautious Q2 outlook and the end of the $400M Perplexity AI deal.
Reddit Surges 16% on Strong Q2 Revenue Forecast, AI Ad Tools Drive Growth
Reddit shares jumped 16% in premarket trading after forecasting Q2 revenue above Wall Street estimates, driven by AI-powered ad tools and strong user growth.
Snap Stock Upgraded by Redburn Ahead of Q1 Earnings Test
Rothschild Redburn upgraded Snap to Buy, doubling its price target to $10 ahead of Q1 earnings on May 6. The company plans to cut 1,000 jobs to save $500M annually by late 2026.
Snap Stock Surges 8.5% on Upgrade and Cost-Cut Hopes
Snap shares jump 8.5% after Rothschild & Co Redburn upgrades to Buy and doubles price target to $10, citing AI-driven ad market shift and cost-cutting ahead of Q1 earnings.
Expedia Shares Tumble on CFO Transition Ahead of Earnings
Expedia Group names former Snap CFO Derek Andersen as its next finance chief, effective May 11. Shares fall 5.4% as investors digest the leadership change ahead of earnings.
Snap Shares Surge on Upbeat Forecast, Strategic Job Cuts to Fund AI and AR Push
Snap Inc. has lifted its first-quarter financial outlook and unveiled a major restructuring plan involving 1,000 layoffs to streamline operations and fund its artificial intelligence and augmented reality initiatives. The company's stock rallied on the news.
Snapchat Study Aims to Capture Healthcare Ad Dollars Amid Rival Pressure
Snap Inc. published a study indicating 59% of surveyed Snapchat users altered real-world health actions after seeing content on the platform. The move targets healthcare advertising as the company faces pressure from activist investor Irenic Capital.
Snap Confronts Activist Demands for AI Focus, Cost Discipline
Activist investor Irenic Capital has taken a stake in Snap and is urging significant strategic changes, including cost reductions, a spin-off of its smart glasses unit, and increased AI investment. The company's stock gained following the news.
Snap Jumps on Activist Pressure for AI Focus, Cost Cuts, and Specs Review
Snap shares climbed sharply after activist investor Irenic Capital disclosed a stake and urged the company to sharpen its AI focus, cut costs, and reconsider its Specs division. The company recently returned to profitability but issued soft Q1 guidance.
Snap Shares Surge on Activist Investor's Strategic Demands
Snap shares jumped 12% to $4.50 after activist investor Irenic Capital revealed a 2.5% economic interest and called for a business overhaul. The investor pressed for a review of the AR glasses unit, deeper cost reductions, and governance changes.
Snap Shares Recover Amid EU Digital Services Act Investigation
Snap Inc shares gained 2.5% on Monday, recovering slightly from last week's decline triggered by an EU investigation into child-safety practices. The company faces global regulatory pressure as it pursues subscription revenue growth.
Tech Giants Face Legal Reckoning as Child Safety Verdicts Hit Shares
Meta Platforms and Alphabet shares declined following U.S. jury verdicts holding the companies negligent in child safety cases. The rulings have sparked renewed regulatory pressure and investor concerns about platform design liability.
Snap Shares Plunge on EU Child Safety Investigation, Broader Social Media Selloff
Snap Inc. shares tumbled 10.7% to $4.01 after European Union regulators announced a formal investigation into Snapchat's child protection measures. The selloff extended across the social media sector following a separate U.S. legal ruling against Meta and Alphabet.
Snap Plunges 11% on EU Child-Safety Probe, Drags Social Media Peers Lower
Snap shares fell nearly 11% to $4.01, hitting a 52-week low, after the European Union initiated a formal investigation into the platform's safeguards for minors. The decline reflects mounting regulatory pressure across social media.
Snap Shares Plunge to 52-Week Low Amid Ad Market Uncertainty
Snap Inc. shares tumbled to a 52-week low of $4.37, down over 54% in the past year, despite reporting a 10% revenue increase. First-quarter guidance fell short of analyst expectations.
Snap Shares Extend Decline Amid Tech Selloff, Ad Pressure Persists
Snap Inc. shares declined again Thursday, marking a third straight loss amid a broader selloff in technology stocks. The stock now trades 56% below its July high as the company grapples with pressure on its core advertising business.
Snap Stock Edges Up but Stays Near 52-Week Low Amid Growth Concerns
Snap Inc. shares closed at $4.585 Monday, up modestly but still hovering near a 52-week low. The company reported a $1 billion annualized run rate from direct revenue but lost 3 million daily active users last quarter.
Snap Shares Dip Amid Regulatory Scrutiny and Ad Revenue Concerns
Snap shares fell nearly 1% as regulators in the UK and Australia ramped up pressure over child safety enforcement. The company also faces investor caution after providing a first-quarter revenue forecast slightly below Wall Street expectations.
Pinterest Shares Drop 6.6% Amid Broader Market Selloff, Ad Concerns Persist
Pinterest shares declined 6.6% to $18.09 Thursday, pressured by a broader market downturn and ongoing skepticism about retailer ad spending despite significant backing from activist investor Elliott Management.
Snap Shares Dip on UK Regulatory Pressure Over Child Safety
Snap Inc shares declined 1.4% to $4.79 after UK authorities ordered Snapchat and other platforms to enhance age checks for minors. The regulatory pressure adds to existing concerns over Snap's advertising reliance and user growth.
Snap Shares Test 52-Week Low Amid India Ad Push, Regulatory Headwinds
Snap shares extended their slide, closing at $4.89 after a 4.3% drop, hovering near a 52-week low. The decline comes despite a new advertising initiative in India and follows a net loss of $460 million on $5.93 billion in revenue for 2025.
Appeals Court Weighs State Social Media Bans, Snap Faces Teen Safety Scrutiny
A federal appeals court heard arguments Tuesday on state laws limiting minors' social media access, placing Snapchat parent Snap Inc back in the legal spotlight. Judges questioned whether Florida's under-14 ban and Georgia's age verification rules could be invalidated.
AppLovin Shares Volatile Amid Active SEC Probe, Social Platform Ambitions
AppLovin shares experienced volatility after hours following reports of an ongoing SEC investigation and a job listing for a 'next-generation social platform.'
Meta Shares Slide Amid Ad Market Jitters, Pinterest Plunge
Meta Platforms shares declined Friday, pressured by broader tech weakness and concerns over digital advertising demand after Pinterest issued a disappointing forecast.
Snap Shares Edge Up in Premarket Amid Texas Lawsuit and Insider Sale
Snap stock rose 0.3% premarket following a 4.6% decline, as Texas sues over child safety allegations and co-founder files to sell 1 million shares. Analyst firm Arete upgraded the stock to Buy.
Reddit Shares Surge 5% as Analysts Recalibrate Following Strong Q4
Reddit stock climbed over 5% in afternoon trading, defying a flat broader market, as Wall Street analysts adjusted price targets following last week's robust earnings report and a new $1 billion share buyback authorization.
Reddit Shares Surge as Analysts Maintain $300 Targets Despite Engagement Concerns
Reddit stock climbed 6.5% after Citizens and Needham reaffirmed $300 price targets, though user engagement metrics show signs of softening. Broader markets edged higher ahead of key U.S. economic data.