https://finance.yahoo.com/news/snap-acquire...
Snap acquires Saturn, a social calendar app for high school and college students. Because this is definitely going to solve the problem where Snap is absolutely hemorrhaging money and has been for years. A social calendar app. Yup.
Snap
SNAP
trading on NYSE
since 2017
$9.18
(Δ -2.65%)
-$0.25 since open
Snap Inc. is a technology and social media company best known for its flagship product, Snapchat, a mobile application that enables visual communication through disappearing photos and videos, and generates revenue primarily through advertising and, to a lesser extent, hardware like Spectacles.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $9.48 | $9.77 | $9.39 | $15.68B | 57.16M |
| eps | p/e | p/s |
operating margin |
profit margin |
yield |
| -$0.08 | n/a | 11.42 | -14.22% | -10.24% | 0% |
How is snapchat still a company? Now they have introduced "My AI", a chatbot powered by ChatGPT, which has been met with significant backlash from parents and users alike. Many users are criticizing the feature for privacy reasons, "creepy" interactions, and the inability to remove it without paying for a premium subscription, leading to a flood of negative reviews and social media condemnation. The controversial rollout underscores Snap's missteps in introducing new AI technology, especially given its young user base, and demonstrates a failing strategy to regain user trust and engagement...
https://www.cnn.com/2023/04/27/tech/snapcha...