Snap Inc is a technology and social media company that primarily focuses on visual communication and storytelling through its flagship platform, Snapchat
The app allows users to send photos and videos, known as "Snaps," that can be enhanced with filters, lenses, and various creative tools. In addition to personal interactions, Snap Inc offers features such as Stories, Discover channels, and augmented reality experiences, which engage users and advertisers alike. The company is dedicated to innovating in the realms of augmented reality and multimedia messaging, fostering a platform that prioritizes privacy and ephemeral content sharing. Through these services, Snap Inc aims to create a vibrant community and offer unique advertising solutions for brands looking to connect with a youthful, tech-savvy audience.
Meta (META) reports Q4 earnings. CEO Mark Zuckerberg joins Business Roundtable. Meta stock is up 69.23% Y/Y and riding a bullish wave ahead of earnings.
Samsung and Google are teaming up to develop augmented reality glasses, aiming to compete with Meta and Apple in the growing AR market, with plans to leverage third-party developers for content and a potential launch by 2026.
Eleven large-cap stocks were the worst performers in the last week. Short positions announced for FTAI, revenue updates for MRNA, and price forecasts changed for GME, SNAP, RKLB, NTRA, LLY, ICLR, BNTX, NVO, and BMRN.
Trump is reportedly considering an executive order once in office that would suspend the TikTok “ban-or-sale” legislation passed by Congress for 60 days to 90 days.
Shares of social network Snapchat (NYSESNAP)
jumped 7.8% in the morning session after the major indices soared (Nasdaq +1.9%, S&P 500 +1.6%) after the Bureau of Labor Statistics reported that core CPI (Consumer Price Index - a measure of inflation which strips out volatile food and energy prices) for December 2024 came in better than expected, rising 3.2% year over year, compared to the consensus estimate for a 3.3% increase. This means that PPI and CPI both came in slightly below expectations. It is important because the results take additional rate hikes off the table, which some investors and market participants were beginning to whisper about.
