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SNAP News Highlights
- SNAP's 30 day story count now stands at 20.
- Over the past 17 days, the trend for SNAP's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- The most mentioned tickers in articles about SNAP are APP, META and AR.
Latest SNAP News From Around the Web
Below are the latest news stories about SNAP INC that investors may wish to consider to help them evaluate SNAP as an investment opportunity.
Value-focused investors are always on the hunt for stocks that are priced below their intrinsic value. One such stock that merits attention is Snap Inc (NYSE:SNAP). The stock's fair valuation is $40.3, as indicated by its GF Value.
In the latest trading session, Snap (SNAP) closed at $8.56, marking a +0.82% move from the previous day.
At the Meta Connect 2023 event, Meta (META) announced its new AR/VR headset, the Meta Quest 3 for $499, along with its Ray-Ban smart glasses. Yahoo Finance Tech Editor Dan Howley breaks down the features and price point of the new mixed reality headset, as well as how Meta is competing with other companies, such as Apple (AAPL) and Sony (SONY) in the gaming space. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Snap Inc is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy. The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms, has been facing the brunt of weak advertising spending from inflation-hit businesses since early last year. Snap, the maker of photo messaging app Snapchat, started AR Enterprise Services (ARES) in March, looking to diversify its revenue beyond digital advertising that makes up the vast majority of its revenue.
The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms, has been facing the brunt of weak advertising spending from inflation-hit businesses since early last year. Snap, the maker of photo messaging app Snapchat, started AR Enterprise Services (ARES) in March, looking to diversify its revenue beyond digital advertising that makes up the vast majority of its revenue. "It would take significant incremental investment to grow our enterprise offering for retailers and we simply cannot make that investment at this time," CEO Evan Spiegel said in a note to employees, adding the company had to instead focus its resources on the core advertising business.
(Bloomberg) -- Snap Inc. is closing a division focused on making augmented reality services for businesses, pulling the plug on its latest attempt to diversify the ad-dependent company.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownMarket Stress Rises Over Wild Week Ahead Even Without a
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Snapchat has a new advertising partner in Microsoft for the ads it's inserting into its AI product, My AI, an AI chatbot introduced earlier this year to the wider Snapchat user base. The company in May said it would begin testing Sponsored Links in My AI -- link suggestions that are paired with the user's conversation with the AI helper.For example, if a user asked My AI where to have dinner, the chatbot could reply with a link sponsored by a local restaurant or food delivery app, Snap explained
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