Detailed view for this entity.
“Snap's stock price, however, increased 7% after the announcement.”
“Snap is cutting 16% of its workforce. About 10,000 people citing AI efficiencies.”
“SNAP is already profitable on the only metric that really counts, free cash flow.”
“Snap has done the easiest thing that it can do which is to cut employees.”
“But in October, 2021, Snap's stock began to slip. Since then, its share value has fallen over 80%”
“But when you have all these different things happening at once, Snap's just getting hit one thing after the other, that's where the company started to struggle.”
“Despite its new products, Snap's share value continued to tumble.”
“Following this announcement, Snap slowed hiring and spending.”
“In August, Snap announced it was shutting down future development of its flying selfie drone, Pixy...”
“Snap says it's also working to diversify its ad business.”
“Yep. You may know Snap, as the popular messaging app made for sending disappearing photos and videos.”
“And Snap is a multi-billion dollar company.”
“Snap went public in 2017 and left its startup days behind.”
“Snap popularized so many things that are just like a fact of social media today: disappearing messages, stories, filters and lenses, even vertical video location tags.”
“one of the things that was really unique is that we were mobile first. So we were one of the first services to start building mobile only.”
“Snap, like many social media companies, makes most of its money through ads, making it vulnerable to the Internet's ever-changing whims.”
“Snap's design choices and role as a self-professed messaging app have put Spiegel along with other companies in the hot seat over how to keep people safe online.”
“for us to be a nearly 1 billion monthly active user platform and be considered small is pretty wild.”
“Snap is one of the worst performing social media stocks year to date in 2025. It's down over 28%.”
“it has been making improvements, but not as much as I would like to see from a company that's in negative territory. Its return on invested capital has improved from 11.15% in 2018 to 18.6% in the most recent trailing 12-month period.”
“However, it's not adding monthly active users from the most attractive segment in social media users and that is from the United States and Canada where it's been flat or declining slightly.”