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Snap Inc (SNAP.N)

SNAP.N on New York Stock Exchange

13.27USD
20 Jul 2018
Change (% chg)

$-0.16 (-1.19%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Snapchat And Tyroo Enter Into Strategic Partnership In India
Wednesday, 30 May 2018 01:58am EDT 

May 30 (Reuters) - Snap Inc ::SNAPCHAT AND TYROO ENTER INTO STRATEGIC PARTNERSHIP IN INDIA.SAYS TYROO WILL DRIVE AD MONETIZATION AND INFRASTRUCTURE FOR SNAPCHAT, FUELLING ITS GROWTH IN THE APAC REGION.  Full Article

Tesla Hires Snap's VP Of Monetization, Stuart Bowers, To Be Co's VP Of Engineering - Cheddar
Tuesday, 22 May 2018 03:17pm EDT 

May 22 (Reuters) - :TESLA HAS HIRED SNAP'S VICE PRESIDENT OF MONETIZATION, STUART BOWERS, TO BE CO'S VICE PRESIDENT OF ENGINEERING - CHEDDAR, CITING SOURCES.  Full Article

Rizvi Traverse Management Cuts Share Stake In Snap Inc To 8.3 Mln Class A Shares
Tuesday, 15 May 2018 10:23am EDT 

May 15 (Reuters) - Rizvi Traverse Management LLC::RIZVI TRAVERSE MANAGEMENT LLC CUTS SHARE STAKE IN SNAP INC TO 8.3 MILLION CLASS A SHARES FROM 9 MILLION CLASS A SHARES - SEC FILING.RIZVI TRAVERSE MANAGEMENT LLC - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

Snap Inc Says On May 4, Co And Andrew Vollero, CFO, Agreed That He Will Depart Snap
Monday, 7 May 2018 04:32pm EDT 

May 7 (Reuters) - Snap Inc ::SNAP INC SAYS ON MAY 4, CO AND ANDREW VOLLERO, CHIEF FINANCIAL OFFICER, AGREED THAT HE WILL DEPART SNAP - SEC FILING.SNAP INC - VOLLERO WILL CONTINUE TO SERVE AS CHIEF FINANCIAL OFFICER UNTIL MAY 15, 2018.SNAP INC - VOLLERO WILL TRANSITION TO A NON-EMPLOYEE ADVISOR THROUGH AUGUST 15, 2018.SNAP INC - APPOINTED TIM STONE AS CHIEF FINANCIAL OFFICER WITH AN EXPECTED START DATE OF MAY 16, 2018.SNAP INC - STONE WILL HAVE AN ANNUAL SALARY OF $500,000.SNAP INC - STONE TO BE AWARDED RESTRICTED STOCK UNITS WITH A VALUE OF $20 MILLION AND 500,000 OPTIONS TO PURCHASE SHARES OF OUR CLASS A COMMON STOCK.  Full Article

Snap Is In Talks To Set Up Shop In Saudi Arabia - CNBC
Tuesday, 3 Apr 2018 09:38am EDT 

April 3 (Reuters) - :SNAP IS IN ADVANCED TALKS TO OPEN A SAUDI ARABIAN OFFICE - CNBC, CITING SOURCES .SNAP IS ALSO DEVELOPING A CONTENT DEAL MISK FOUNDATION TO TEACH SAUDI YOUTH HOW TO USE SNAPCHAT - CNBC, CITING SOURCES.  Full Article

Snap Readying To Lay Off About 100 Engineers Or Less Than 10 Pct of Engineering Team- CNBC
Wednesday, 7 Mar 2018 02:34pm EST 

March 7 (Reuters) - :SNAP IS READYING TO LAY OFF ABOUT 100 ENGINEERS, LESS THAN 10 PERCENT OF ITS ENGINEERING TEAM- CNBC.  Full Article

Snap Inc Reports Q1 Revenue Of $285.7 Mln
Tuesday, 6 Feb 2018 04:15pm EST 

Feb 6 (Reuters) - Snap Inc ::SNAP INC - QUARTERLY REVENUE $285.7 MILLION VERSUS $165.7 MILLION.SNAP INC - QUARTERLY NET LOSS PER SHARE ATTRIBUTABLE TO CLASS A, CLASS B, AND CLASS C COMMON STOCKHOLDERS $0.28.SNAP INC - QUARTERLY NON-GAAP DILUTED NET LOSS PER SHARE $0.13.SNAP INC Q4 EARNINGS PER SHARE VIEW $-0.16, REVENUE VIEW $253.2 MILLION -- THOMSON REUTERS I/B/E/S.SNAP INC - QUARTERLY DAUS INCREASED 5 PERCENT SEQUENTIALLY TO 187 MILLION.SNAP INC - ARPU WAS $1.53 IN Q4 2017, UP 46 PERCENT.SNAP INC - TOTAL ADVERTISING REVENUE FOR THE QUARTER WAS $281 MILLION, UP 74 PERCENT.SNAP INC Q1 REVENUE VIEW $236.5 MILLION -- THOMSON REUTERS I/B/E/S.SNAP INC - IN Q1, PLANNING FOR YEAR-OVER-YEAR REVENUE GROWTH RATE TO MODERATE FROM Q4 PACE.SNAP INC - PLANNING FOR OPERATING-EXPENSE GROWTH TO MODERATE IN H1 2018 AND BE UP LOW DOUBLE-DIGITS VERSUS H2 2017.SNAP INC - CAPITAL EXPENDITURES LESS THAN $85 MILLION IN 2017; PLANNING FOR A SLIGHT INCREASE IN 2018.  Full Article

China's Tencent takes a 10 pct stake in Snap - CNBC
Wednesday, 8 Nov 2017 06:16am EST 

Nov 8 (Reuters) - :China's Tencent takes a 10 percent stake in Snapchat parent Snap - CNBC.  Full Article

Snap Inc "misjudged strong early demand" for spectacles and purchased more inventory than co now anticipates being able to sell
Tuesday, 7 Nov 2017 05:56pm EST 

Nov 7 (Reuters) - Snap Inc ::Snap Inc - co "misjudged strong early demand" for spectacles and purchased more inventory than co now anticipates being able to sell.Snap - "moving forward, we will continue to be in the market place with spectacles and expect modest revenue from the product line".Snap Inc - "we are currently redesigning our application to make it easier to use"‍​.Snap - "there is a strong likelihood that the redesign of our application will be disruptive to our business in the short term"‍​.Snap - willing to take risk of redesign "for what we believe are substantial longterm benefits to our business‍​".Snap - "we don’t yet know how the behavior of our community will change when they begin to use our updated application".Snap says in 2018, going to build more distribution and monetization opportunities for creator community on snapchat - prepared remarks‍​.  Full Article

Snap Inc says ‍DAUS grew to 178 million
Tuesday, 7 Nov 2017 04:15pm EST 

Nov 7 (Reuters) - Snap Inc ::Snap Inc reports third quarter 2017 results.Snap Inc - ‍DAUS grew from 153 million in Q3 2016 to 178 million in Q3 2017​.Snap Inc - qtrly net loss per share attributable to class A, class B, and class C common stockholders $‍0.36​.Snap Inc - ‍ARPU was $1.17 in q3 2017, an increase of 39% over Q3 2016 when ARPU was $0.84​.Snap Inc qtrly revenue $207.9 million, up 62 percent.Snap Inc - ‍in Q3 , recorded $39.9 million of charges related to spectacles inventory​.Snap Inc - ‍hosting costs per dau were $0.68 in Q3 2017, as compared to $0.64 in Q3 2016 and $0.61 in Q2 2017​.Snap Inc - qtrly ‍non-GAAP diluted net loss per share $0.14​.Q3 earnings per share view $-0.15, revenue view $236.9 million -- Thomson Reuters I/B/E/S.  Full Article

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Success with Snap helps venture firm Lightspeed raise $1.8 billion for new funds

SAN FRANCISCO Venture capital firm Lightspeed Venture Partners has raised $1.8 billion to invest in startups from cryptocurrency to beauty supplies, hoping to build on its streak of lucrative bets in companies such as Snap Inc , the firm's partners told Reuters.