Snap News
16 articles
Stocks to watch next week: BP, Diageo, Disney, Uber and WPP
BP is set to release its second-quarter results amid declining oil and gas prices, with analysts expecting earnings of $1.35 per share and $60 billion in revenue. The company is under pressure due to weak cash flow, rising net debt, and challenges in its transition to cleaner energy sources. Activist investor Elliott has raised concerns over BPs performance, particularly its lagging shareholder returns. Analysts predict a pre-tax profit of $4.6 billion, up from $4.2 billion in Q1, but still below past levels. BPs cash flow and net debt, forecasted to be $24.9 billion by Q1 2025, remain key issues.
3 Tech Stocks With More Potential Than Any Cryptocurrency
The article discusses the potential growth of three tech companies: Snap, Lemonade, and Aehr Test Systems. Snap, the parent company of Snapchat, experienced a slowdown in 2023 due to Apples privacy changes and competition from TikTok and Instagram. However, in 2024, Snaps revenue rose by 16% due to overseas growth, new ad tools, Snapchat+ subscriptions, AI-powered AR lenses, and video recommendations. The companys DAUs grew by 9% to 460 million in early 2025. Analysts expect Snaps revenue and adjusted EBITDA to grow at a CAGR of 10% and 32%, respectively, from 2024 to 2027. Lemonade and Aehr Test Systems are also highlighted for their growth potential.
Customers
Trump's 'One Big Beautiful Bill' is getting more expensive as the world's attention is on Iran
The article discusses the economic agenda of President Trump, focusing on the One Big Beautiful Bill Act and its implications. The bill, which has a new higher price tag, is facing scrutiny and potential changes in the Senate. The Joint Committee on Taxation released an analysis indicating that the revised bill could add $4.2 trillion to the deficit over the coming years. This development is occurring alongside geopolitical tensions, particularly with Iran. Wells Fargos head of global fixed income strategy, Brian Rehling, noted that the bills developments could significantly impact interest rates. The Senate aims to pass the bill by July 4, but political challenges remain.
Trump Trade: President said to weigh possible U.S. strike against Iran
The article discusses several key developments involving U.S. President Donald Trump. Notably, Trump plans to sign an executive order to delay enforcement of a law that could ban or force the sale of TikTok, allowing the platform to continue operating in the U.S. for another 90 days. This move is seen as growth-positive for TikTok as it provides more time to ensure data security and compliance. Additionally, the U.S. Senate has passed a bill to establish a regulatory framework for stablecoins, and there is growing support within the Trump administration for the use of psychedelics in mental health treatment. These developments could impact various publicly traded companies in the tech, cryptocurrency, and psychedelic sectors.
Closing Bell Movers: Snap falls 14% after Q1 results, no guidance
Oddity Tech reported record Q1 2025 results, leading to a significant increase in its stock price by 24.1%. The company raised its full-year 2025 adjusted EPS outlook to $1.99-$2.04, up from the previous range of $1.94-$1.98. Despite the positive earnings report, JPMorgan and KeyBanc lowered their price targets for Oddity Tech to $50. The article also highlights mixed results in the tech and semiconductor sectors, with Seagate and Western Digital experiencing gains, while Super Micro and Nvidia faced declines. Overall, Oddity Techs strong performance and raised outlook indicate a positive growth trajectory.
Meta, Google Investors Look Past Earnings to Risks Ahead
Despite reporting generally upbeat results with ad spending growing compared to a year ago, shares of Meta Platforms Inc., Snap Inc., and Alphabet Inc. have been sliding due to warnings from the companies executives about broader economic conditions and the pursuit of new avenues of growth. All three companies have had to cope with a post-pandemic pullback in online marketing spending, economic uncertainties, and changes to Apple Inc.s privacy policies that made smartphone ads less effective. They have cut costs, retooled their ad businesses, and limited new spending to what they see as more solid bets, such as artificial intelligence and augmented reality.
CustomersManagement Changes
Snap’s stock wobbles as it yanks guidance on ‘unpredictable nature of war’
Snap, the parent company of Snapchat, has reported its Q3 earnings but refrained from providing Q4 guidance due to the unpredictable nature of the ongoing war in the Middle East. The war has caused a pause in a large number of advertising campaigns, impacting Snaps revenue. The companys internal forecast for Q4 assumes a revenue range of $1.32 billion to $1.375 billion. Snaps net loss widened to $368 million in Q3. The company also announced that COO Jerry Hunter is retiring and it has authorized a stock repurchase program of up to $500 million.
CustomersLayoffsManagement Changes
Snap Buoyed by Report of CEO’s Bullish Note to Staff
Snapchat's AI chatbot may pose privacy risk to children, says UK watchdog
Republican presidential candidate Chris Christie has criticised the irresponsibility of Republicans in the House of Representatives, following a large-scale attack on Israel by militant group Hamas. Speaking to ABC News, Christie said the US should provide Israel with everything that it needs to respond to the attack. He also highlighted the importance of engaging with regional allies such as Jordan and Saudi Arabia. Christie, a former New Jersey governor and ABC News contributor, criticised the dysfunction in the House of Representatives, where a small group of Republican lawmakers voted with the Democratic minority to oust Speaker Kevin McCarthy.
Management Changes
Office Tour: Snap.inc Offices - Tel Aviv
Snap Inc.s Tel Aviv office has been designed to incorporate the companys branding and foster a more connected world. The office design by Switchup utilizes thematic elements from Snapchat, such as colors and logos, to create an uplifting atmosphere. The iconic Snapchat yellow is used throughout the space, along with the Snapchat Ghost mascot. The design aims to promote happiness, well-being, and creativity, reflecting the goals of Snap Inc. as a platform for users to tell stories and foster genuine friendships. The office design is believed to enhance the user experience of the app.
Customers
Snap sacks dozens of employees in Israel, to close Herzliya R&D center | CTech
Snap is laying off around 30 employees in Israel, mostly from its R&D center in Herzliya, which was established following the acquisition of Israeli startup Voca.ai in 2020. The company announced it will lay off 20% of all staff and shut down projects to save an estimated $500 million in costs annually. The layoffs are part of the impact of privacy updates that Apple introduced on iPhones last year, which have made it difficult for digital ad sellers and advertisers to target ads and measure their sales results. Snap will also discontinue investment in its Pixy flying drone camera.
LayoffsAcquisition
דיווחים: סנאפ מתכוונת לפטר 20% מכוח האדם שלה | כלכליסט
Snap, the operator of social network Snapchat, is planning to lay off about 20% of its workforce, which currently stands at 6,400 employees. The layoffs are expected to begin in a few weeks, with certain teams being affected more than others. The hardware division responsible for Spectacles and Pixy drones will also see employee reductions. The companys stock has lost nearly 80% of its value since the beginning of the year, prompting Snap to slow down hiring and explore cost-cutting measures. Snap issued a profit warning for the second quarter and will not provide forecasts for the third quarter. The stock price declined by 2.3% to $10 in trading.
Layoffs
Messaging giant Snapchat to acquire Israel's Voca.ai for $70 million
Snap Inc. is acquiring Israeli company Voca.ai for an estimated $70 million. Voca.ai develops call center voice assistants and has raised $6 million to date. All 35 employees of Voca.ai will be integrated into Snap Inc. Snap Inc. has been experiencing growth, with 249 million active daily users in Q3 2020 and quarterly revenues of $679 million. Voca.ais technology combines human-like conversation with AI capabilities to improve customer communication. The acquisition aligns with Snap Inc.s focus on youth and young adults.
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The Israeli team Snapchat is counting on to lift it out of the doldrums
Snap, the American company behind Snapchat, acquired the Israeli startup Cimagine in December 2016 for an estimated $40 million. Cimagine had developed augmented reality technology that allowed users to virtually place furniture and other items in their homes. The acquisition was not officially announced at the time. Cimagine became Snaps Israel research and development center. Snap has faced challenges in recent years, including a decline in active users and a drop in stock price. However, the companys third-quarter revenues for 2018 were up to $298 million. Snap is trying to attract more advertisers to its platform, but has struggled in the past with accessibility for new advertisers.
Acquisition
Snap Launches Commercial Activity in Israel
Snap Inc. is launching commercial operations in Israel. The company has hired a local manager and partnered with a local ad agency to sell Snapchat ads to Israeli companies interested in reaching international audiences and advertisers targeting local Snapchat users. Snap has also partnered with two additional Israel-based companies and is evaluating new commercial opportunities in the country. In addition, Snap has opened its startup acceleration programs to startups from Europe, Africa, and the Middle East, with four Israel-based startups already admitted to the program. Snaps only acquisition in Israel to date is augmented reality startup Cimagine Media. Snapchat currently has 178 million daily active users worldwide.
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Snap reportedly acquired augmented reality startup Cimagine Media for up to $40 million
Snap has made an investment in augmented reality by acquiring Israeli-based startup Cimagine Media for a reported amount between $30 million and $40 million. This acquisition will provide Snap with a development center in the Middle East and a focus on commerce, potentially opening up additional revenue opportunities. Cimagine already has partnerships with Shop Direct, John Lewis, and Coca-Cola, and Snap may want to strike partnerships with big box retailers and department stores. The acquisition of Cimagines technology and team could give Snap a competitive edge against Facebook, especially in the area of camera technology and augmented reality. This is Snaps second acquisition this month, following the purchase of Flite. No official word has been released by Snap or Cimagine Media.
InvestmentAcquisition
