Factbox-Governments race to regulate AI tools
(Reuters) -Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology....
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Snap News & Analysis
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Midday movers: Home Depot, Nvidia, Snap and more
Investing.com -- U.S. stocks surged after cooler than expected inflation numbers for October, which investors interpreted as giving the Federal Reserve reason to pause on another rate move...
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Wall St rallies as cooling inflation boosts peak interest rate bets
By Sruthi Shankar and Amruta Khandekar (Reuters) - Wall Street's main stock indexes climbed on Tuesday as cooler-than-expected inflation data boosted expectations that the Federal Reserve...
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Snap gains on report it agreed a deal with Amazon on shopping ads
Snap Inc . (NYSE:SNAP) shares rose 3.5% in early Tuesday trade after The Information reported that the social media company reached a deal with Amazon (NASDAQ:AMZN) to enable its users to...
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ExxonMobil replaces Tesla as most shorted large-cap stock
ExxonMobil (NYSE:XOM) has overtaken Tesla (NASDAQ:TSLA) as the most shorted large-cap stock in the S&P 500 in October, according to data from HazelTree. This development ends Tesla's...
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Factbox-Governments race to regulate AI tools
(Reuters) -Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology....
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Snap's Q3 results outperform but high operating costs and competition pose challenges
Snap Inc . (NYSE: NYSE:SNAP) reported a 5% increase in its top line for the third quarter of 2023, despite a 6% decline in Average Revenue Per User (ARPU) and a net loss of $368.3...
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Factbox-Governments race to regulate AI tools
(Reuters) - Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the...
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Factbox-Governments race to regulate AI tools
(Reuters) -Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology....
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Yelp upgraded by JPMorgan ahead of Q3, guidance for H2 is 'beatable'
Analysts at J.P. Morgan upgraded shares of Yelp (NYSE:YELP) to a Neutral rating (from Underweight) and reiterated a $39 Price Target ahead of the company's upcoming Q3 report, as they...
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Deutsche Bank maintains Snap at 'hold' with a price target of $10.00
An analyst from Deutsche Bank maintained Snap (NYSE: SNAP) at 'hold' with a price target of $10.00 from a prior price target of $8.00. Prior to this rating, Snap had 5 buy ratings, 30 hold...
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China Renaissance upgrades Snap to 'hold' with a price target of $9.00
An analyst from China Renaissance upgraded Snap (NYSE: SNAP) from 'sell' to 'hold' with a price target of $9.00. Prior to this rating, Snap had 5 buy ratings, 29 hold ratings, and 6 sell...
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Morgan Stanley maintains Snap at 'underweight' with a price target of $7.00
An analyst from Morgan Stanley maintained Snap (NYSE: SNAP) at 'underweight' with a price target of $7.00 from a prior price target of $6.50. Prior to this rating, Snap had 4 buy ratings,...
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Rosenblatt maintains Snap at 'neutral' with a price target of $11.00
An analyst from Rosenblatt maintained Snap (NYSE: SNAP) at 'neutral' with a price target of $11.00 from a prior price target of $9.00. Prior to this rating, Snap had 4 buy ratings, 30 hold...
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Piper Sandler maintains Snap at 'neutral' with a price target of $9.00
An analyst from Piper Sandler maintained Snap (NYSE: SNAP) at 'neutral' with a price target of $9.00 from a prior price target of $8.00. Prior to this rating, Snap had 4 buy ratings, 30...
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Snap shares erase early gains after concerning comments on ad spending; analysts unconvinced
While Snap (NYSE:SNAP) shares initially soared as much as 20% in after-hours trading following the company’s Q3 results, they were relatively flat in pre-market Wednesday trade following...
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JPMorgan maintains Snap at 'underweight' with a price target of $9.00
An analyst from JPMorgan maintained Snap (NYSE: SNAP) at 'underweight' with a price target of $9.00 from a prior price target of $8.00. Prior to this rating, Snap had 4 buy ratings, 30...
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Evercore ISI maintains Snap at 'in line' with a price target of $11.00
An analyst from Evercore ISI maintained Snap (NYSE: SNAP) at 'in line' with a price target of $11.00 from a prior price target of $10.00. Prior to this rating, Snap had 4 buy ratings, 30...
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RBC Capital maintains Snap at 'sector perform' with a price target of $10.00
An analyst from RBC Capital maintained Snap (NYSE: SNAP) at 'sector perform' with a price target of $10.00 from a prior price target of $9.00. Prior to this rating, Snap had 4 buy ratings,...
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Snap COO to retire
In addition to announcing third quarter earnings, Snap (SNAP) announced that Chief Operating Officer, Jerry Hunter, will retire."Seven years ago, Mr. Hunter became a part of Snap,...
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Snap jumps 10% immediately following results
Snap (SNAP) jumps 10% immediately following results:reported Q3 EPS of $0.02, $0.26 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $1.19 billion versus the...
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Snap earnings beat by $0.26, revenue topped estimates
Investing.com - Snap (NYSE: SNAP) reported third quarter EPS of $0.02, $0.26 better than the analyst estimate of $-0.24. Revenue for the quarter came in at $1.19B versus the consensus...
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Factbox-Governments race to regulate AI tools
(Reuters) -Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology....
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UBS maintains Snap at 'neutral' with a price target of $11.00
An analyst from UBS maintained Snap (NYSE: SNAP) at 'neutral' with a price target of $11.00 from a prior price target of $12.00. Prior to this rating, Snap had 4 buy ratings, 30 hold...
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Citi on Snap Inc CEO Spiegel's Bullish Internal Memo: 'mostly aspirational', 'we are not changing our projections'
Analysts at Citi reiterated a Neutral rating and $11.00 price target on Snap Inc (NYSE:SNAP).The analysts comment "We view CEO Spiegel’s internal annual memo (CNBC, 16-Oct) suggesting...
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Soliciting the Saudi Crown Prince and Buying Snapchat: Ex-Alameda Chief Reveals Covert Dealings in SBF’s Fraud Hearing
FTX’s former CEO, Sam Bankman-Fried (SBF), allegedly guided staff to inappropriately utilize FTX client resources and hide financial vulnerabilities from various lenders, revealed former...
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Wells Fargo maintains Snap at 'equal weight' with a price target of $8.00
An analyst from Wells Fargo maintained Snap (NYSE: SNAP) at 'equal weight' with a price target of $8.00 from a prior price target of $9.00. Prior to this rating, Snap had 4 buy ratings, 27...
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TikTok owner ByteDance's operating profit hits $20B, valuation down to $220B - report
ByteDance, the parent company of TikTok, reported an operating profit of nearly $6 billion in the first quarter of 2023, according to the Wall Street Journal. This marks a significant...
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Snap to shut down recently launched business-focused AR unit
Snap (NYSE:SNAP) is said to be shutting down its unit focused on creating augmented reality services for businesses, according to a Bloomberg report on Wednesday. The company is reportedly...
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Midday movers: Amazon, Tesla, United Natural Foods and more
Investing.com -- U.S. stocks sank on Tuesday as investors feared the effects of interest rates staying higher for longer and the fallout from a possible government shutdown this weekend if...
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Tesla, United Natural Foods, Snap fall premarket; Fisker, DraftKings rise
Investing.com -- U.S. futures fell Tuesday, with investors dealing with the fallout from the Federal Reserve's hawkish policy update last week as well as a potential government...
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HSBC Starts Snap Inc at Reduce, 'Elevated spend on platform and content to weigh on margins'
(Updated - September 26, 2023 4:49 AM EDT) HSBC analyst initiates coverage on Snap Inc (NYSE:SNAP) with a Reduce rating and a price target of $7.50.The analyst comments "We initiate on...
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Snap's early bets on Snapchat+ are paying off
Snap (NYSE:SNAP) is modestly higher in pre-open trading Friday, following a report from Bloomberg News on Thursday that the company's paid service now has more than 5 million subscribers....
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Snap Appoints Patrick Spence to its Board
Snap Inc. (SNAP) announced today that Patrick Spence, Chief Executive Officer and member of the board of directors of Sonos, Inc., has been appointed to the company's board of directors,...
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