$SNAP

Yelp (YELP) reported Q2 revenue of $375.5M, up 1.4% YoY, exceeding estimates. Pinterest (PINS) saw $1.18B revenue, up 18.2% YoY, beating expectations. Snap (SNAP) reported $1.6B revenue, up 18.9% YoY, also topping estimates. YELP and PINS stocks declined post-earnings, while SNAP rose. All companies provided EBITDA guidance meeting or exceeding expectations.

Norway plans to ban under-16s from social media, targeting platforms like Roblox, Snapchat, and TikTok. The government aims to address risks such as harmful content and addictive features, with the bill to be presented by year-end. Tech companies will be responsible for age verification and removing harmful content.

Snap Inc. shares fell 6.01% to $6.10 on Wednesday, underperforming broader markets. The NASDAQ and Dow Jones also declined 1.88% and 0.09%, respectively. This marks Snap's second straight day of losses.

UBS raised its price target for Snap from $5.70 to $7, maintaining a neutral rating. The stock has seen a 5-day change of -2.39% and a 1st Jan change of +10.41%.

Snap Inc. will release its first AR glasses, SPECS, this fall. The glasses feature advanced optics, a wearable computer, and AI assistance. They will cost $2,195, including a $200 refundable deposit. SPECS uses transparent waveguide technology and has a 4-hour battery life, extendable to 20 hours with a charging case. Snap aims the product at creators, professionals, and tech enthusiasts.

S&P 500 and Nasdaq 100 closed lower due to chipmaker weakness. Meta (META) launched a new AI model, Microsoft (MSFT) plans AI chips, Chipotle (CMG) shares rose after Starbucks (SBUX) denied acquisition talks, Bumble (BMBL) surged on potential buyout, and Snap (SNAP) shares rose on bullish bets. Earnings season begins with JPMorgan, Morgan Stanley, and Wells Fargo reporting.

Snap (SNAP) reported 971 million monthly active users in Q2 2026, with less than 3% as paying subscribers. Non-ad revenue grew 85% to $316 million, while ad revenue rose 9% to $1.28 billion. The company's net loss narrowed to 4.9% of revenue over the past year, with positive free cash flow for eight quarters. Management expects sustained net income starting in 2027.

Snap Inc. shares have risen 20% this month, with options traders betting on further gains. Options volume surged to 140,000 on Monday, with 64,000 call trades. The 8-strike call expiring Dec. 18 was the most popular. Shareholder Blue Duck Capital urged Snap to raise capital for its AR glasses, predicting a $12-$14 share price.

Snap Inc. (SNAP) shares rose 6.63% on October 9, 2026, driven by optimism around digital ad demand and user growth. The stock has been consolidating in the mid-$6 range, showing signs of accumulation. Snap's recent revenue was $1.60B with a net loss of $164M, but it generated $120.5M in free cash flow. The company is focusing on its SPECS AR glasses and AI assistant, with enterprise partnerships and activist investor interest potentially re-rating the stock.

Snap Inc. (NYSE:SNAP) stock rose 7% on Friday, outperforming the broader market. The company is expanding its augmented reality SPECS into enterprise applications, partnering with NVIDIA, Salesforce, and Amazon. Activist investor Blue Duck Capital proposed raising $1 billion for SPECS, valuing the business at $5 billion. Analysts expect Snap's Q3 earnings to show a profit of 16 cents per share and revenue of $1.73 billion.