Latest news with #SnapInc
CBS News
24-07-2025
- CBS News
Maryland school district among 6 others heading to trial over lawsuit against social media giants
A Maryland school district is among six others in the U.S. that were picked to go to trial for a lawsuit that claims several social media companies are contributing to the youth mental health crisis. Harford County Public Schools sued Meta, Google, ByteDance and Snap Inc. in 2023. The lawsuit alleges that the companies' addictive products have impacted nearly 4,000 students, putting pressure on the district to provide more mental health resources. School districts across the U.S. have also sued the companies, citing similar allegations. In Maryland, Anne Arundel, Carroll, Cecil, and Howard County schools joined the federal class action lawsuit. A U.S. District Judge chose six school systems to serve as bellwethers, or test cases that will go to trial first, ahead of the others. The bellwether cases include the DeKalb County School District in Georgia, the Breathitt County Board of Education in Kentucky, Irvington Public Schools in New Jersey, the Tucson Unified School District in Arizona and the Charleston County School District in South Carolina, according to a court filing. The court also chose five similar lawsuits that were filed by individuals to serve as bellwethers. The cases will go to trial sometime in 2026, court records say. "We are proud to represent the Harford County Board of Education in this litigation to hold social media companies accountable for their intentionally addictive and harmful algorithms that exploit young people and disturb their learning environments. We look forward to this case advancing as part of the nationwide effort to address social media harms," said Attorney Matt Legg with Brockstedt Mandalas Frederico. In the lawsuit against the four social media companies, Harford County Schools alleged that their students are struggling with mental health due to excessive use of the platforms. According to the lawsuit, the social media platforms are designed to target children and the companies profit from their addictive products, which include Instagram, Snapchat, TikTok, YouTube and more. "The algorithms driving these platforms are designed to exploit young users' brains in a way comparable to nicotine use to manipulate users into staying on the platform as long as possible," District leaders said in a 2023 statement. The district further claims that the companies know about the negative impacts their products have, but continue to focus on profit over the well-being of children. "Schools, meant to be a safe space for children, are now unable to keep up with the mental health service demand," the district said. Through the lawsuit, district leaders hope to force the companies to change their platforms and hold them accountable for the cost of addressing the mental health crisis. "We need the support and long-term funding to remove the financial burden from taxpayers and instead place it on the companies substantially contributing to and benefiting from this crisis," Harford County Board of Education President Dr. Carol Mueller said.
Bloomberg
23-07-2025
- Business
- Bloomberg
Sonos Makes Tom Conrad Its Permanent CEO as He Pursues Turnaround
Sonos Inc. named interim leader Tom Conrad as its next chief executive officer, expressing confidence in the turnaround effort he's pursuing at the embattled audio brand. Conrad, who took the temporary job in January, will assume the official role immediately, Sonos said on Wednesday. He previously served as an executive at Snap Inc. and the Pandora music streaming service.
Business Wire
10-07-2025
- Business
- Business Wire
Snap Inc. Announces Date of Second Quarter 2025 Results Conference Call
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss second quarter 2025 financial results on Tuesday, August 5, 2025 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be accessible on Snap Inc.'s Investor Relations website for at least 90 days at: About Snap Inc. Snap Inc. is a technology company. We believe the camera presents the greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. For more information, visit
Business Insider
09-07-2025
- Business
- Business Insider
Moderately bullish activity in Snap Inc. with shares up 1.36%
Moderately bullish activity in Snap Inc. (SNAP), with shares up 12c, or 1.36%, near $9.31. Options volume relatively light with 49k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 5.2 points near 86.32,and above the 52wk median, suggesting an expected daily move of $0.51. Put-call skew steepened, indicating increased demand for downside protection. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yahoo
08-07-2025
- Business
- Yahoo
Down 88% From Its All-Time High, Here's 1 Big Reason Snap Stock Can Snap Back in 2025
Snap stock has plummeted 88% from its 2021 peak, partly because of the changes Apple made to its privacy rules that year. The company is building innovative new technologies to sell targeted advertising slots to businesses on its Snapchat social media platform. Snap stock is trading at a rock-bottom valuation right now, but there's one big reason it could stage a recovery. 10 stocks we like better than Snap › Snap (NYSE: SNAP) is the parent company of popular social media platform Snapchat. In September 2021, its stock hit an all-time high of $83, which represented a whopping 388% gain from its initial public offering (IPO) price of $17 from a few years earlier. However, Snap stock has since lost 88% of its peak value. The company has struggled with the privacy changes implemented by iPhone maker Apple in 2021, which temporarily muted the effectiveness of its advertising platform. Plus, Snap hasn't expanded as aggressively (organically or through acquisitions) as its main rival, Meta Platforms. Snap's business is showing signs of improvement right now, and there's one big reason its stock could bounce back from here. Most people access social media platforms using their smartphones, and the Apple iPhone has an estimated market share of 57% in the U.S. If you used an iPhone prior to 2021, companies like Snap could automatically track your activity across other apps and websites to find out what you liked and use that information to sell highly targeted advertising slots to businesses. It was like shooting fish in a barrel. But Apple tightened its privacy rules in 2021, forcing app developers like Snap to ask for their users' permission before tracking their broader activity. Most people said no, which left social media companies flying blind as they no longer had intricate knowledge of their users' habits. This made it much harder to sell targeted ads to businesses. Meta, which owns Facebook and Instagram, adapted quickly because it had a lot of first-party data on its users and the scale to build new technology very quickly. Snap was slower to respond but has made significant progress recently. It developed a new advertising engine powered by machine learning (ML), which targets users more effectively. Brands that ran app-install campaigns on Snapchat during the first quarter of 2025 (ended March 31) saw a 30% increase in conversions on Apple devices, compared to the year-ago period. Snap is also investing heavily in augmented reality (AR) to help advertisers deliver a unique experience to their target audience. For example, businesses can create "Lenses," which allow users to try on items of clothing virtually using their smartphone cameras. Snap says this is driving an increase in conversions. In other words, AR-based ads make the target customer far more likely to buy a particular product. Snap's annual revenue soared by a whopping 64% in 2021 as Apple's privacy changes were still in the process of taking effect, but also because people were spending more time online due to the pandemic. But that annual revenue growth rate crashed to 12% in 2022 and less than 1% in 2023. Some of Snap's innovations appear to be paying off now, however, because the company's revenue came in at a record $5.4 billion in 2024, which represented accelerated growth of 16%. Revenue also grew by 14% year over year during the first quarter of 2025 and came in at $1.36 billion, which was the most money the company has ever brought in during the first three months of a year. There's clearly momentum building in Snap's business, and I think it will continue for one critical reason. At the end of the first quarter of 2025, Snapchat had a record 460 million daily active users, which was up 9% year over year. That number continued to grow even during the company's post-2021 slump, which is a sure sign that users really love the platform. The primary goal of most marketing campaigns is to reach as many potential customers as possible, so Snapchat will remain a lucrative destination for advertisers, as long as it continues to bring new users in the door. The platform now has around 140 million more daily users than it did at the end of 2021, so if the company continues to improve its advertising technology, it could drive a massive increase in revenue in the coming quarters (and years). Snap stock is trading at a rock-bottom valuation following its 88% decline. Its price-to-sales ratio (P/S) is just 2.8, which is near the cheapest level since it went public in 2017: If Snap continues to prove that it has solved the challenges with its advertising platform, investors will have more confidence in the company's ability to deliver faster revenue growth in the future. This might entice them to pay a higher P/S for the stock, which could drive significant upside from here. There are still many unknowns ahead, so buying Snap stock today might feel like taking a leap of faith. But based on its current valuation and the company's operating results over the past year, it might be worth adding it to a diversified portfolio -- even if it's only a small position -- to keep any potential risk in check. Before you buy stock in Snap, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Snap wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Meta Platforms. The Motley Fool has a disclosure policy. Down 88% From Its All-Time High, Here's 1 Big Reason Snap Stock Can Snap Back in 2025 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
