Categories Technology

A day after launch event, Snap stock continues to rally

Extending the ongoing recovery from the recent lows, shares of Snap Inc. (SNAP) traded sharply higher on Friday, a day after the company unveiled an array of new products. Snap expects the new products to keep advertisers and users engaged on the company’s platform while catalyzing its transformation from messaging app to a full-fledged media firm.

As part of exploring new revenue opportunities, the company rolled out several new products this week, of which the gaming platform and advertising network caught the attention of the market. Meanwhile, s section of market watchers remains skeptical about the ability of the new products to drive revenue growth for the company.

Considering the deepening crisis at Snap and its shrinking market cap, investors might not settle for anything less than a prudent strategy that helps the company recover from the losses.  There are others who speculate that the steady improvement in market value this year will continue in the coming months and help the company return to profitability.

Considering the rapid depletion of Snap’s market cap, investors might not settle for anything less than a prudent turnaround strategy

By launching the gaming platform, the management aims to attract the young population, which is increasingly being lured by the popular titles of game developers like Electronic Arts (EA) and Activision Blizzard (ATVI).

In the fourth quarter, Snap’s daily active users remained broadly unchanged year-on-year at $186 million. The company posted a narrower net loss of $0.04 per share for the three-month period on a 36% growth in revenues to $390 million. Both the numbers topped the estimates.

Also see: Snap Inc. Q4 2018 Earnings Conference Call Transcript

Earlier, Snap CEO Evan Spiegel had claimed that the company is ‘substantially’ closer to achieving profitability, aided by its revamped cost structure and improved revenue performance.

Raising hopes of a near-term turnaround, Snap shares nearly doubled so far this year after slipping to an all-time low in the final weeks of 2018. The stock gained 5% in the early trading hours of Friday. Over the past twelve months, it dropped about 17%.


We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss


  1. Pingback: ไฮโล
  2. Pingback: Heavy
  3. Pingback: ff tool hack
  4. Pingback: ThopTV APK Pro app
  5. Pingback: ff tool pro
  6. Pingback: tiktok 18
  7. Pingback: bitcoin
  8. Pingback: payday
  9. Pingback: FFH4X Injector
  10. Pingback: Epaviste
  11. Pingback: enlevement epave
  12. Pingback: Epaviste
  13. Pingback: sa casino
  14. Pingback: เว็บ123
  15. Pingback: sexy
  16. Pingback: เว็บ123
  17. Pingback: Kanha Gummies
  18. Pingback: 500mg thc edibles
  19. Pingback: thc edibles
  20. Pingback: hybrid weed pen
  21. Pingback: ps5 for sale
  22. Pingback: Epaviste
  23. Pingback: enlevement epave
  24. Pingback: cereal milk strain
  25. Pingback: berry pie strain
  26. Pingback: white runtz
  27. Pingback: DESERT EAGLE 1911
  28. Pingback: Glock 43x
  29. Pingback: shampoo
  30. Pingback: Buy This Domain
  31. Pingback: fishscale cocaine
  32. Pingback: classic books
  33. Pingback: Promotional models
  34. Pingback: Las Vegas models
  35. Pingback: Cute Wallpapers
  36. Pingback: E-commerce
  37. Pingback: mango juul pods
  38. Pingback: Buy This Domain
  39. Pingback: สล็อต
  40. Pingback: สล็อตpg
  41. Pingback: buy weed in dubai
  42. Pingback: slayer sneakers
  43. Pingback: slayer sneakers
  44. Pingback: w320axgf-9-bxr3-r2
  45. Pingback: Wood tile floor
  46. Pingback: lowes fiona
  47. Pingback: tile lowe's
  48. Pingback: Buy Cocaine Online
  49. Pingback: hidrafaciales
  50. Pingback: hydropeeling
  51. Pingback: skin care analysis
  52. Pingback: zemits
  53. Pingback: mobiles
  54. Pingback: Bollywood
  55. Pingback: ovid news
  56. Pingback: breaking news
  57. Pingback: Entertainment news
  58. Pingback: Business news
  59. Pingback: Trending news
  60. Pingback: try this web-site
  61. Pingback: Visit Website
  62. Pingback: More Info
  63. Pingback: have a peek here
  64. Pingback: مسيار
  65. Pingback: معاهد مصر
  66. Pingback: Colt 1911 for Sale
  67. Pingback: Firearms Site
  68. Pingback: 45 ACP Ammo
  69. Pingback: Guns on Sale
  70. Pingback: Glock 17 for Sale
  71. Pingback: 9mm Ammo
  72. Pingback:
  73. Pingback: SpytoStyle.Com
  74. Pingback: SpytoStyle.Com
  75. Pingback: SpytoStyle.Com
  76. Pingback: SpyToStyle
  77. Pingback:
  78. Pingback:
  79. Pingback: SpyToStyle
  80. Pingback: SpytoStyle.Com
  81. Pingback:
  82. Pingback: minecraft lmhmod
  83. Pingback:
  84. Pingback: bet789
  85. Pingback: g88vin
  86. Pingback: so em xui
  87. Pingback: Game bài
Add Comment
Viewing Highlight