Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024.Social media company Snap said on Monday that it would lay off 10% of its global workforce, or around 529 employees. Snap shares were up around 1% in pre-market trading. The company has executed multiple rounds of layoffs since 2022, most recently in November, when it trimmed a small number of product employees.The company ...

ToplineSnap, the tech company that owns Snapchat, is recalling about 71,000 Pixy Flying Cameras—all of the miniature drones the company sold in 2022—due to a fire risk posed by their lithium ion batteries.The company is offering customers a full refund for the product they discontinued after only four ... [+] months.Getty Images Key FactsAccording to the Consumer Product Safety Commission, at least four customers have complained about the batteries “overheating and bulging,” which caused one minor fire and ...

Analysts on Wall Street project that Snap (SNAP) will announce quarterly earnings of $0.07 per share in its forthcoming report, representing a decline of 50% year over year. Revenues are projected to reach $1.39 billion, increasing 6.7% from the same quarter last year.The current level reflects an upward revision of 10.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this ...

Key PointsLEAPS are long-dated options contracts with expirations at least 12 months out.You can use them with options strategies where the investor can collect heavy theta premiums.Speculators can bet on recovery from a sharp price drop on a short-term temporary catalyst like an inventory glut, migration to a subscription model, or backlogged orders with raised full-year guidance.5 stocks we like better than SnapSuppose you're a long-term investor looking to collect premiums passively or strongly believe i ...

Snap (SNAP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company behind Snapchat have returned +2%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Internet - Software industry, which Snap falls in, has gained 7.6%. The key question now is: What could be the stock's future direction?While ...

Shares of United Parcel Service Inc. slumped Monday as investors prepared for the package-delivery giant’s quarterly results, which have not been so kind to investors in the recent past.The company is slated to reveal its fourth-quarter earnings report on Tuesday at around 6 a.m. Eastern time. UPS’s stock has declined on the day that each of its past three reports were released by an average of 5.6%, and has fallen on the day of six of its past seven reports.UPS shares UPS, -1.04% dropped 1.6% in afternoon ...

Congress today is grilling the chief executives of several big tech companies, including Meta CEO Mark Zuckerberg, about potential harms from their products on teens. Until now, the social platforms have largely had the same response: We’ll help teens and families make smart decisions themselves.But with growing claims that social media can hurt young users, including worries that it risks driving them to depression or even suicide, online safety advocates say that response falls far short. And with a presi ...

Shares of Snap Inc (NYSE:SNAP) are 3% higher this morning, last seen trading at $16.79 this morning after Deutsche Bank upgraded the stock to "buy" from "hold" and raised its price target by $9 to $19 -- a more than 16% upside to last night's close.In its bull note, the Wall Street brokerage said Snap stock has a "clear, strong catalyst path towards upwards revenue and EBITDA revisions." Deutsche also mentioned Snapchat+, which surpassed 7 million subscribers last month, as well as the company's November pa ...

Snap (SNAP) closed the latest trading day at $16.32, indicating a -0.06% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%.Coming into today, shares of the company behind Snapchat had lost 2.68% in the past month. In that same time, the Computer and Technology sector gained 4.29%, while the S&P 500 gained 2.4%.Analysts and investors alike will be keeping a c ...

Snap (SNAP) closed at $16.42 in the latest trading session, marking a +1.3% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.Prior to today's trading, shares of the company behind Snapchat had lost 5.92% over the past month. This has lagged the Computer and Technology sector's gain of 1.98% and the S&P 500's gain of 0.94% in that time.Investors will be eagerly watching for the performance of Snap in its upc ...