Snap (SNAP) to shut down recently launched business-focused AR unit

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Go back to Snap (SNAP) to shut down recently launched business-focused AR unit

Snap to close AR division for enterprises months after launch

September 27, 2023 9:37 AM EDT

(Reuters) -Snap Inc is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy.

The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms, has been facing... More

Snap (SNAP) to close business-focused AR unit launched earlier in the year - Bloomberg

September 27, 2023 9:26 AM EDT

(Updated - September 27, 2023 9:30 AM EDT)

Snap (NYSE: SNAP) to close business-focused AR unit launched earlier in the year - Bloomberg

The augmented reality unit was launched in MarchThe enterprise unit was set up to help retailers adapt Snaps AR technology for their own websitesThe cost and complexity proved too great... More

2 internet stocks to buy, 1 to hold and 1 to sell according to HSBC

September 26, 2023 8:41 AM EDT

HSBC initiated coverage of some internet stock names in a note Tuesday, telling investors that the shifting social media landscape leaves smaller players at a growing disadvantage, although social commerce holds promise for some.

Analyst Mohammed Khallouf started Snap (NYSE: SNAP) ($7.50 price target) with a Reduce rating, Pinterest (NYSE: PINS) ($32.10 price target) and Bumble (NASDAQ: BMBL) ($20.30 price target) at Buy, and Match Group (NASDAQ: MTCH) ($47.10 price... More

Tesla, United Natural Foods, Snap fall premarket; Fisker, DraftKings rise

September 26, 2023 8:09 AM EDT

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 shutdown.

Here are some of the biggest premarket U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock fell 0.8% after the... More

HSBC Starts Snap Inc (SNAP) at Reduce, 'Elevated spend on platform and content to weigh on margins'

September 26, 2023 12:12 AM EDT

(Updated - September 26, 2023 4:49 AM EDT)

HSBC analyst Mohammed Khallouf initiates coverage on Snap Inc (NYSE: SNAP) with a Reduce rating and a price target of $7.50.

The analyst comments "We initiate on Snap with a reduce rating and a USD7.50... More