Snapchat parent lays off 18 as it plans for slower growth [USA TODAY]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: USA TODAY
(Photo: Snap) LOS ANGELES — Some 18 employees were let go from Snap, Inc.'s recruiting division this week. Snap, Inc. is the parent company for the wildly popular Snapchat app. A company representative confirmed the layoffs to USA TODAY, but wouldn't offer additional details. Business Insider , citing an internal e-mail it got access to, says Snap is planning to hire fewer new employees in 2018. Snap ( SNAP ) went public in March with a $3 billion IPO, opening at $17 a share, and closing the day at $24.48, but the stock dropped sharply in the following months. The bottom came in August, when it closed at $11.83, but it has since started climbing, closing Thursday at $15.50 a share. Snap has been in a heated battle with Facebook, which has cloned many of Snap's popular photo sharing features and put them into Facebook, as well as the Instagram and WhatsApp Messenger apps, both of which are owned by Facebook. In June, Instagram said it had 250 million
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News
- More Than 2,300 Nonprofits, Brands and Influential Leaders to Activate for Fourth Annual Mental Health Action Day on Thursday, May 16 [Yahoo! Finance]Yahoo! Finance
- Snap Inc. (NYSE:SNAP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Understanding Snap (SNAP) Reliance on International Revenue [Yahoo! Finance]Yahoo! Finance
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Susquehanna from $12.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- 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
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/30/24 - Form 144
- 4/29/24 - Form 144
- 4/29/24 - Form 144
- SNAP's page on the SEC website