Snap Stock Upgraded to Buy: Analyst Sees 77% Upside
Snap upgraded to Buy with 77% upside; analysts expect first profit, rising subscriptions, and stronger growth ahead.
/ 17 items
#SNAP↓
Snap Cuts 1,000 Jobs (16% of Staff) to Reach Profitability
Snap cuts 1,000 jobs and 300 roles to save $500M, focus on AI, cut costs, and improve profits amid weak ad market.
Activist Investor Pushes Snap to Cut Costs and Boost Profits
Activist fund Irenic Capital wants Snap to spin off its smart glasses business, cut jobs, buy back shares, and use AI to improve ad revenue.
Meta and Google Found Liable for Harming Children on Social Media
Juries order Meta and Google to pay millions after finding them responsible for depression, addiction, and exploitation of young users. First major crack in Section 230 shield sparks appeals that could reshape internet law.
AppLovin Flips the Script: Building Its Own Social Network After TikTok Bid Flop
Mobile ad giant AppLovin is shifting gears to create a next-gen social network, using its strong ad tech to challenge Meta, TikTok, and others.
Snap Hits $1 Billion Direct Revenue Milestone – Subscribers Surge Past 25 Million
Snap's direct revenue (like Snapchat+ subscriptions) reaches $1 billion annualized run rate with over 25 million subscribers, showing strong growth beyond ads in a tough social media market.