BUZZ-Snap jumps as Instagram pulls plug on standalone messaging app [Reuters]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: Reuters
BUZZ-Snap jumps as Instagram pulls plug on standalone messaging app - Reuters 1 Min Read ** Snapchat parent Snap Inc jumps 7% to $11.40 in early trading ** Facebook Inc says it will shut down the standalone Instagram direct messaging application called "Direct", according to a report here from TechCrunch ** Report says Facebook in the coming month will shut down “Direct”, which it was testing to rival Snapchat on iOS and Android ** The move is a part of FB’s strategy to simplify and consolidate most of its apps on to a single platform ** Instagram was not immediately available for a Reuters’ request for comment ** According to TechCrunch, Facebook will channel all developments and activity into the direct messaging feature of the main Instagram app ** SNAP shares have more than doubled this year, while Facebook has gained ~43% YTD (Reporting by Shreyashi Sanyal in Bengaluru) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $16.00 price target on the stock, up previously from $15.00.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at TD Cowen from $11.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an "overweight" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.50 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/26/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SNAP's page on the SEC website