Snap Inc.
SNAPSnap Inc. is a technology company best known for its multimedia messaging app Snapchat. Founded in 2011, it pioneered ephemeral messaging and augmented reality features within social media. Snap Inc. also develops hardware products like Spectacles smart glasses and offers advertising solutions for brands and businesses. The company focuses on innovative visual communication and digital storytelling.
Company News
Leverage Shares by Themes launched seven new 2X leveraged single-stock ETFs on December 18, 2025, offering 200% daily performance exposure to stocks including Nio, Snap, Baidu, Centene, KLA, Petrobras, and Vale. These products carry a 0.75% expense ratio and are designed for short-term traders rather than long-term investors. The expansion brings...
Hedge fund Prentice Capital Management acquired over $8 million in JetBlue stock, making it their largest holding, signaling potential belief in the airline's turnaround strategy despite recent financial challenges.
Snap is developing innovative advertising tools like Sponsored Snaps and AI-powered Smart Campaign Solutions to improve advertiser conversion rates, with early positive results and a growing user base of 477 million daily active users.
TAHO, founded by tech veterans from Meta, Google, and Snap, has raised $3.5 million to develop a distributed compute platform that promises to accelerate AI workloads up to 10x faster at 90% lower cost compared to traditional cloud computing solutions.
Snap reported strong Q3 performance with 10% revenue growth, 477 million daily active users, and a new AI partnership with Perplexity, though challenges remain in the North American market and potential user engagement impacts.
