Snap Inc. Class A
40.12 - 43.4
7.89 - 44.18
Echofin Members Consensus
Election jitters, no progress on a stimulus package and surging case numbers culminated in an equity market capitulation yesterday. The S&P 500 declined almost 2 per cent and under the 50-day simple moving average at 3,408, though it rallied off the lows at 3,364 in the last hour to finish at 3,400. Among the volume leaders, Snap declined 4.4 per cent, Apple was flat ahead of Thursday’s earnings and American Airlines dropped over 6 per cent as travel stocks were among the worst performers. Cruise liners sank by 8-9 per cent. The situation in Europe was no better, though the FTSE 100 failed to put in a new low. The DAX capitulated with a decline of 3.7 per cent sparked by SAP’s pessimistic outlook and the German market is trading at levels not seen since June.
Next Dividend Date
Snap, Inc. engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The company's primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.
CEO: Evan Thomas Spiegel
HQ: 2772 Donald Douglas Loop North Santa Monica, 90405 CA