|Bid||13.23 x 36200|
|Ask||13.24 x 1100|
|Day's range||12.66 - 13.63|
|52-week range||10.50 - 21.22|
|PE ratio (TTM)||N/A|
|Earnings date||8 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.76|
Facebook’s (FB) photo and video sharing platform, Instagram, is rapidly growing and has an active advertiser base of around 2 million, which doubled in just five months. In fact, according to one Wall Street analyst, Instagram is likely to contribute a significant chunk to Facebook’s advertising revenue, which relies mostly on advertising growth.
Shares of Snap Inc. are down more than 8% in Tuesday trading after Cowen analyst John Blackledge lowered his revenue estimates for the current quarter and the years ahead, based on his expectation for a slightly lower daily-active-user count and average ad revenue per user. "We view our new 2Q18 advertising revenue trajectory as a substantial deceleration from 1Q18 levels vs. our prior forecast and more in line with management comments during 1Q18 earnings," Blackledge wrote.
A US district judge in Los Angeles recently cleared disgruntled investors to go ahead with the lawsuit in which they accuse Snap (SNAP) of deceiving them, according to a Bloomberg report. Snap, the parent of photo-sharing app Snapchat, went public in March last year. Some investors complained that the company withheld crucial information when it went public, thereby denying them the opportunity to make informed decisions regarding investing in the stock.
Speaking in an interview on CNBC from the Cannes Lions International Festival of Creativity in France, Spiegel said the company remains focused on the camera and stressed that Snap is a technology company, rather than a media or social-networking service. The CEO said Snapchat’s "friend graph" will help keep Facebook at bay.
Amazon has leveraged Prime data to build multibillion-dollar online ad business that is growing quicklyMarketWatch photo illustration/Everett Collection, Amazon reported more than $2 billion in revenue from ads and other service offerings in the first quarter. While much has been said about Amazon.com Inc.’s aggressive bets on brick-and-mortar retail, health care and many other industries, the company has quietly built a sizable and growing business in an area dominated by two other tech titans: digital advertising. Advertising pulled in up to $4 billion for Amazon (AMZN) last year, and the company said first-quarter revenue from ads and other service offerings more than doubled this year.
President Bill Clinton is surely unique among James Patterson’s co-authors. The President is Missing has been garlanded with praise from other thriller writers such as Jeffery Deaver and Lee Child. Perhaps they were star-struck by Clinton, for this collaboration brings mixed results.
Tencent’s (TCEHY) appetite for more revenue in the gaming industry has led it into a strategic partnership with an American media production company headed by prolific Hollywood producer J.J. Abrams. Tencent is partnering with Abrams’s Bad Robot to create games for personal computers, consoles, and smartphones. Tencent is the world’s largest video game publisher by revenue.
Shares of Pandora Media Inc. are up 2.1% in Thursday morning trading after the company said it has a new partnership with Snapchat parent Snap Inc. . "Soon, Pandora listeners will be able to send their favorite songs to friends and family through unique song cards that celebrate album art on top of an animated background, and receivers will be able to swipe up to listen directly on Pandora," the music-streaming company said in a release. "This integration will expand Pandora's social sharing capabilities by reaching Snapchat's massive audience while enhancing music discovery across both platforms." The feature will soon be available to U.S. users and is part of Snap's new Snap Kit developer platform.
NEW YORK, June 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of The ...