|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||14.16 - 15.67|
|52-week range||11.28 - 23.57|
|PE ratio (TTM)||N/A|
|Earnings date||1 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.42|
Not only was the revenue from Spectacles negligible through most of last year, but the company actually ended up writing off nearly $40 million in excess inventory and cancellations.
Snap shares declined as much as 9.5 percent Wednesday after news it was altering its Snapchat redesign.
Tech giant Alphabet (GOOG) reported better-than-expected revenues in the first quarter of 2018. Revenues of $31.1 billion were well above the consensus estimates as well as last year’s revenues. Wall Street analysts expected revenues to reach $30.3 billion for the quarter. Alphabet revenues were also 26% higher than the $24.8 billion revenues posted in 1Q17. Revenues, on a constant currency basis, increased 23% in 1Q18.
App Store Official Charts for the week ending April 22, 2018: Top Paid iPhone Apps: 1. Minecraft, Mojang 2. Heads Up!, Warner Bros. 3. Plague Inc., Ndemic Creations 4. Facetune, Lightricks Ltd. 5. iSchedule, ...
Last year, Alphabet’s (GOOGL) Google signaled that it was going to shift its competitive strategy in the cloud computing market. The company aims to focus less on undercutting the competition through competitive pricing and more on gaining competitive advantages by focusing on product value and product mix. In 2016, Microsoft (MSFT), Amazon (AMZN), and Google cut prices of some of their cloud products in a bid to try to win more customers.
Twitter (TWTR) is in favor of increased regulation of online political advertisements. A proposed bill in the US Senate seeks to subject online political ads to the same disclosure requirements that apply to political commercials running on television and radio.
American and British lawyers recently launched a joint class-action lawsuit against Facebook (FB), Cambridge Analytica, and two other firms, the Guardian reported. The two other firms are SCL Group Limited and Global Science Research Limited (or GSR). SCL Group is the parent of Cambridge Analytica, the political consultancy firm believed to have developed a powerful voter profiling tool using data obtained from Facebook.
Saudi Arabia's finance minister says artificial intelligence, data mining and augmented reality is where it's targeting a massive spending push.
According to industry reports, Alphabet’s (GOOGL) Google is in advanced discussions with respect to acquiring Nokia’s (NOK) airborne broadband business. Google could use Nokia’s airborne Internet technology to deliver faster Wi-Fi connectivity on airplanes. In-flight Internet provider Gogo’s (GOGO) stock price declined on the news of Google exploring the acquisition of Nokia’s airborne broadband technology.
Is Snap correcting for over-hiring? The job reductions Snap (SNAP) carried out in March 2018 were primarily in the engineering and sales departments, the company revealed in a regulatory filing. According to a Bloomberg report, the sales job cuts were mostly in the advertising division, where the company eliminated ~100 positions.
Snap carried out two rounds of layoffs in March, mostly in its sales and engineering departments. In the coming years, Snap expects its workforce reduction to yield $34 million in annual cost savings, particularly in salaries and payroll taxes.