News
SNAP
11.06
-1.16%
-0.13
TikTok Ban: China Has The Power To Block Sale, Gains Leverage Over Washington
The House of Representatives has passed a bill that could ban TikTok in the U.S. The popular short-video social media app is used by more than 170 million Americans. There are concerns that its Chinese parent company ByteDance Ltd. Could comply with the Chinese government. Analysts expect competitor companies to benefit in the event of a ban.
Benzinga · 8h ago
Weekly Report: what happened at SNAP last week (0311-0315)?
Weekly Report · 20h ago
Wall Street Journal Reported TikTok Remains Unprofitable, Despite Gaining New Users, Citing Sources
Benzinga · 1d ago
Pinterest: Upgrading To Buy As Company Inflects On GAAP Profitability
Pinterest has underperformed the market and tech peers as of late. Management is projecting an acceleration in top-line growth over the coming years. The company maintains a net cash balance sheet and is robustly profitable. I am upgrading the stock to a buy as I expect an inflection towards GAAP profitability.
Seeking Alpha · 2d ago
Why a Steve Mnuchin-Run TikTok Is Bad News for Investors
The House of Representatives passed a bill this week to ban the popular social media app TikTok in the U.S. The bill could severely disrupt the social media industry. But if the app is sold, it could avoid a ban. Steven Mnuchin is putting together a group of investors to purchase TikTok. The prospect of a TikTok ban has pushed social media stocks down.
Investorplace · 3d ago
'TikTok's US revenues hit $16bn as Washington threatens ban' -FR
Benzinga · 3d ago
Financial Times Reported Bytedance Had $120B Revenue In 2023:~TikTok Had ~$16B Revenue Last Year In The US
Benzinga · 3d ago
Best Growth Stocks: Snap Stock vs. Pinterest Stock
Fool.com compares Pinterest and Snap to determine the best growth stock. The video was published on March 14, 2024. The stock prices used were the afternoon prices of March 12, 2024 in the U.S. Pinterest is a social media company.
The Motley Fool · 3d ago
A TikTok Sale in the U.S.? China Has Other Ideas.
U.S. Lawmakers want China's ByteDance to sell TikTok or face a ban. The video-sharing platform is estimated to be worth at least $100 billion. But the Chinese government may not allow it to be sold in the U.S., a report says. TikTok's content-recommendation algorithms come under Chinese export controls.
Barron‘s · 3d ago
Congress Moves To Ban TikTok: Could Members Benefit From Positions In Social Media Stocks Like Meta Platforms?
The U.S. House of Representatives passed a bill to force TikTok parent company ByteDance to sell the company or face a ban in the United States. The bill now faces a vote in the Senate. The potential sale or ban of TikTok could see the app removed from mobile app stores. Rival social media platforms like Instagram and Facebook could benefit from a ban.
Benzinga · 4d ago
Datadog (DDOG) Down 9.2% Since Last Earnings Report: Can It Rebound?
NASDAQ · 4d ago
Former Treasury Secretary Mnuchin: Putting Together A Group To Try To Buy TikTok
Benzinga · 4d ago
Google, Meta among companies facing EU query on AI; AliExpress to see probe
European Commission has opened formal proceedings against Alibaba's AliExpress to check if the online retail platform violated rules related to management of risks. The European Commission will also send out requests to Microsoft, Google and others on risks posed by generative AI. AliExpress is a major online retailer in the EU.
Seeking Alpha · 4d ago
EU Commission Said Opens Investigation Into Alibaba's AliEexpress On Concerns About Illegal Products, Pornographic Materials, Hidden Links On Its Platform; Seeks Information From Online Platforms On Generative AI
Benzinga · 4d ago
TikTok Ban Benefits Meta And Others But US Is 'Playing A Little With Fire,' Says Wedbush's Dan Ives: 'This Is A Slippery Slope'
Wedbush’s Dan Ives highlights the significant consequences a TikTok ban could have on major tech companies like Meta and Snap. The U.S. House of Representatives passed a bill that could lead to a ban on the app. Ives described the situation as a 'watershed moment'
Benzinga · 4d ago
White House Says We Are Glad TikTok Bill Will Move Forward; Look To Senate To Take Swift Action; This Bill Would Not Ban Apps Like TikTok
Benzinga · 5d ago
Heard on the Street: Who Wins if TikTok Is Banned? It's More Complex Than It Looks.
A bill that would ban TikTok in the U.S. Passed the House of Representatives on Wednesday. Meta Platforms is the most obvious candidate to benefit from a ban. The company owns Instagram, a rival to TikTok. Snapchat parent Snap's shares also cooled quickly after the bill's passage.
The Wall Street Journal · 5d ago
Here's Why Snap Is Moving
Snap Inc shares are trading higher by 2.3% to $12.04 after the U.S. House passed a bill requiring the sale of TikTok or face a ban. TikTok is a major competitor to Snapchat. If TikTok were to face restrictions or a ban in the United States, it could benefit Snap.
Benzinga · 5d ago
SNAP Factor-Based Stock Analysis
NASDAQ · 5d ago
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About SNAP
Snap Inc. is a technology company. Its product, Snapchat, is a visual messaging application that enhances relationships with friends, family, and the world. Snapchat is the Company's core mobile device application and contains five tabs, complemented by additional tools that function outside of the application. Snapchatters can interact with all five, or a subset of those five tabs. Additionally, the Company offers Snapchat+, its subscription product that provides subscribers access to exclusive, experimental, and pre-release features. Snapchat+ offers a range of features from allowing Snapchatters to customize the look and feel of their application, to giving special insights into their friendships. It also offers Snapchat for Web, a browser-based product that brings Snapchats calling and messaging capabilities to the Web. Its advertising products include AR Ads, AR Lenses and Snap Ads. Snap Ads include Single Image or Video Ads, Story Ads, Collection Ads, Dynamic Ads and Commercials.