Snapchat announced on Wednesday that it’s releasing new resources for educators to help them create safe environments in their schools by better understanding how their students use the app. The company debuted a new website dedicated to helping educators familiarize themselves with the app, along with a resource document to help them protect students.The announcement comes as lawmakers have grilled Snapchat, and other social networks, for not doing enough to protect children and teens on their platforms. I ...

Snap Inc. SNAP finds itself in the middle of a perfect storm. The social media and augmented reality Spectacle innovator is wrestling with a Death Cross on its charts, hinting at potential bearish movement. Chart created using Benzinga ProThe stock is down a significant 41.82% year-to-date, further sinking 34.47% in the past month, while barely moving with a 1.62% yearly gain.Fresh Spectacles, Clouded VisionWhile Snap’s technicals suggest a bearish outlook, the company isn't slowing down on its product inno ...

Core Insights - The report titled "Youth and Social Media: How US Kids and Teens Use Platforms From TikTok to Snapchat to YouTube" highlights the dual nature of social media popularity among youth as both an asset and a challenge for platforms and marketers [1] - Marketers face a complex landscape of negative consumer perceptions, evolving platform restrictions, and potential legislative changes affecting youth social media usage [1] Group 1: Social Media Usage Trends - Approximately 49% of US teens aged 13 to 17 use TikTok and 54% use YouTube several times daily, according to an October 2023 survey by Pew Research Center [1] - Social media is integral to the lives of young people, with YouTube being the most favored platform among children [4] - Teen social media usage is increasingly fragmented, indicating diverse preferences and behaviors across different platforms [4] Group 2: Implications for Marketers - The growing scrutiny from consumers and lawmakers regarding youth safety on social media will be significant in 2024 [3] - Marketers must adapt to the changing landscape of social media usage and consumer perceptions to effectively reach their target audience [1][4] - The report includes various charts and data visualizations to aid in understanding these trends and making informed decisions [2][5]

Stock Performance and Investment Scenario - Snap Inc's stock price has plummeted 44 1% year to date, underperforming the Zacks Computer and Technology sector's return of 22 5% [1] - The stock presents a high-risk but potentially high-reward scenario, with significant challenges in advertising and competition but innovative approaches and an engaged user base offering hope [1] - Investors must weigh Snap's long-term potential against short-term volatility [1] AR Initiatives and User Growth - Snap's AR features, including AR Lenses, Discover content, Shows, and Snap Map, have expanded its daily active user base to 432 million, with a strong presence in the 13-34 age demographic [2] - AR Lens sharing increased by 12% year-over-year in the second quarter, with over 300,000 creators and developers producing more than 3 million AR Lenses through Lens Studio [2] - Recent updates to Lens Studio streamline the production of complex AR effects, potentially stimulating increased content creation [3] - The AR market is projected to reach $1,869 40 billion by 2032, aligning with Snap's strategic focus on AR [3] Revenue Diversification and Growth Projections - Snapchat+ attracted over 11 million paying subscribers in the second quarter, demonstrating efforts to diversify revenue streams [3] - The Zacks Consensus Estimate projects 16 2% year-over-year revenue growth to $5 35 billion for 2024, with earnings per share estimated at 21 cents, indicating a 133 33% growth year-over-year [4] - Snap's expanding partner network, including ITV and Spotify, is expected to drive net sales in 2024 [3] AI Integration and User Engagement - Snap is strategically pivoting toward AI, introducing "My AI," a ChatGPT-powered chatbot integrated into Snapchat [5] - The GenAI Suite in Lens Studio empowers AR creators to generate custom ML models and assets, enhancing AR features and content creation tools [5] - Over five billion Snaps are created daily, with AI-driven features like editable chats, expanded emoji reactions, and Map Reactions crucial for maintaining user interest [5] - Snap is applying AI to its advertising business, developing tools for more engaging ad experiences and collaborating with tech giants like Microsoft for AI-powered Sponsored Links [6] Competitive and Market Challenges - Snap faces significant challenges from weak advertising spending and intense competition from tech giants like Meta Platforms and Alphabet [7] - Apple's iOS privacy changes have lowered ad revenues, and growing competition from TikTok has dampened user growth and engagement metrics [7] - Macroeconomic headwinds, including rising interest rates and inflation concerns, disproportionately affect growth-focused companies like Snap [7] Valuation and Profitability Concerns - Snap's forward 12-month price-to-sales ratio of 2 69 is higher than the Zacks Internet - Software industry average of 2 55, suggesting high growth expectations but also elevated risk [8] - The company's premium valuation and profitability concerns underscore the importance of effectively monetizing its user base and bringing innovative features to the market [9]

Snap, the parent company of Snapchat, is intensifying its commitment to its community with a suite of new features and improvements designed to create deeper connections and enhance user engagement.The latest updates aim to make communication more dynamic and content more engaging.Earlier this month, Snap officials announced the company reached a milestone during the second quarter: 850 million monthly active users.“Our community grew to reach more than 850 million monthly active users in Q2, with more than ...

The Russell 2000 is down some 9% since late July, and this member of the index is near the cheapest it has been since coming public in 2017.In 2021, Apple changed its privacy rules, which made it harder for application developers to track their users across the internet. That meant social media companies like Snap (SNAP 7.84%) couldn't target users as effectively to sell advertising slots to businesses.Snap has grappled with that challenge ever since, but it's helping advertisers achieve their goals in othe ...

Flashpop/DigitalVision via Getty Images Shares of social media company Snap (NYSE:SNAP) tanked 27% after the company's second fiscal quarter earnings report. Snap collapsed because of a relatively small revenue miss and a weak outlook for the third-quarter, but the market reaction seems widely out of proportion given the overall solid nature of Snap's earnings report. Snap is making solid progress in growing its paid subscription service Snapchat+ and the social media company remained widely EBITDA-profitab ...

hocus-focus/iStock Unreleased via Getty Images Snap (NYSE:SNAP) reported extremely soft second quarter results and was appropriately punished by the market. It could be argued that the stock actually escaped lightly given how poor advertising revenue growth was though. Snapchat+ strength may have softened the blow for investors, although I question whether subscriptions will ever be more than a niche part of the business. I previously suggested that Snap had been unfairly maligned by investors and that ...

Snap TodaySNAPSnap$9.36 -3.46 (-27.00%) 52-Week Range$8.28▼$17.90Price Target$15.11Add to WatchlistSnap Inc. NYSE: SNAP, the parent company of the popular quick messaging app Snapchat, saw its stock drop in after-hours trading following the release of Snap’s earnings report for the second quarter of 2024. Despite exceeding expectations in certain areas, Snap’s stock is projected to open down over 20% on Friday, highlighting investor concerns about the company’s future growth prospects. Snap’s stock is known ...

On Thursday (Aug. 1), Snap, the parent company of Snapchat, announced it reached a milestone during the second quarter: 850 million monthly active users.“Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers,” Snap CEO Evan Spiegel said, as the company continues its journey toward a target of 1 billion monthly users.Daily active users (DAUs) rose 10% during the quarter, to 432 million. New features like editable chats, Map emoji reactio ...