お知らせ • Jun 05
Snap Inc. (NYSE:SNAP) acquired Illumix, Inc. Snap Inc. (NYSE:SNAP) acquired Illumix, Inc. on June 4, 2026.
The acquisition is intended to boost Snap's augmented reality (AR) efforts and the development of its revamped Specs smartglasses. As part of the deal, Snap will integrate Illumix’s technology and platform and will retain the majority of Illumix’s staff. Illumix, founded in 2017, has built a proprietary spatial mapping and AR platform designed to create persistent and context-aware digital experiences in real-world environments, and is known for co-developing an AR version of the video game “Five Nights at Freddy’s.”
Snap Inc. (NYSE:SNAP) completed the acquisition of Illumix, Inc. on June 4, 2026. お知らせ • May 22
Snap Inc. Appoints Luke Wood as to the Board of Directors, Effective as of May 20, 2026 Snap Inc. announced that Luke Wood, former President of Beats by Dr. Dre and Vice President at Apple Inc., has been appointed to the company’s board of directors, effective as of May 20, 2026. Mr. Wood, age 57, is a co-founder and has served as Chief Executive Officer of Violet St Holdings, LLC since September 2022. From August 2014 to April 2020, Mr. Wood served as President of Beats by Dr. Dre and as a Vice President at Apple Inc. following Apple’s acquisition of Beats. Prior to that, he served as President of Beats by Dr. Dre from February 2011 to August 2014. Earlier in his career, Mr. Wood held various leadership positions at Interscope Geffen A&M and imprint DGC Records. Mr. Wood currently serves as a member of the board of directors of Fender Musical Instruments Corp. He holds a B.A. in American Studies from Wesleyan University. Recent Insider Transactions • Apr 20
Chief Business Officer recently sold €143k worth of stock On the 16th of April, Ajit Mohan sold around 28k shares on-market at roughly €5.11 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €536k. Insiders have been net sellers, collectively disposing of €19m more than they bought in the last 12 months. Breakeven Date Change • Apr 16
Forecast to breakeven in 2028 The 40 analysts covering Snap expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 31% per year to 2027. The company is expected to make a profit of US$126.6m in 2028. Average annual earnings growth of 61% is required to achieve expected profit on schedule. お知らせ • Apr 03
Randian Capital Sends Open Letter to Snap’s Board On April 1, 2026, Randian Capital, announced that it has sent an open letter to Snap Inc.’s Board and management, calling for change and inviting shareholders to an investor town hall on April 6, 2026. In addition, Randian highlights concern about Company’s capital allocation, including $1 billion annually on stock-based compensation and $1.6 billion on research and development, as well as a $3 billion investment in Spectacles. Further, Randian urges the Company Board to spin off Spectacles, review cost structure, leverage AI for efficiency, collapse the dual class share structure, commit to total shareholder return, hold an investor day, and appoint 2 new independent directors. Furthermore, Randian Capital criticizes Company’s governance structure and stock performance, noting an over 80% decline since the IPO, and encourages retail shareholders to engage with management and the Board. お知らせ • Apr 01
Irenic Capital Sends Letter to Snap On March 31, 2026, Irenic Capital Management, LP, announced that it has sent a public letter to Snap Inc.’s Co-Founder and CEO Evan Spiegel, detailing a path to realizing $26.37 per share and issued a presentation. In addition, Irenic Capital outlined recommendations including fully monetizing the AI opportunity, improving cost structure, increasing capital returns to shareholders, and enhancing corporate governance, believing Snap could be worth at least $26.37 per share or $35 billion following value-enhancing steps. Further, Irenic Capital highlighted Company’s underperformance since its IPO, compared to Meta and the Nasdaq, and emphasized the need for meaningful changes such as spinning or shutting down Specs, rationalizing the cost structure, aligning employee incentives, focusing on AI to improve ad monetization, monetizing latent AI opportunities, taking advantage of discounted valuation, and improving corporate governance by giving Class A shareholders 1 vote per share. Furthermore, Irenic Capital encouraged shareholders to visit SaveSnapNow.com to view and download the presentation and asserted that the Company should not continue its current course, urging action to unlock value for shareholders. お知らせ • Mar 25
Anapol Weiss Files Lawsuit Against Roblox Corporation, Discord Inc., and Snap Inc. Alleging Platforms Enabled Sexual Exploitation of Minor Anapol Weiss had filed a federal lawsuit against Roblox Corporation, Discord Inc., and Snap Inc. The plaintiff, a now 15 year old from North Carolina, was targeted across multiple platforms due to design features that allowed adults to identify and contact her. The complaint contends that design features across all three platforms created openings that allowed predators to identify and exploit a minor. According to the publicly filed complaint, the child was first approached on Roblox by an adult predator who used the platform’s communication tools to gain access to her. He then coerced her into sending sexually explicit images of herself on Discord. The complaint further describes how a second predator located her on Snapchat, where he ultimately drugged and sexually assaulted her multiple times. The complaint states that the abuse was a direct consequence of design choices that allowed adults to easily identify, contact, and manipulate children across multiple platforms. The companies publicly promoted their platforms as safe for young users while declining to implement basic, widely available protections. Instead, the complaint asserts, each platform incorporated features that enabled adult–minor contact and prioritized user growth and engagement over the safety of children. A common pattern is highlighted across the platforms: permissive communication tools, ineffective age-verification, and features that connect minors with unknown adults. Internal concerns about safety, the complaint claims, were overshadowed by business considerations, including the potential impact of stronger protections on user engagement and growth. The complaint describes profound and lasting harm to the minor, including severe psychological trauma, and the need for ongoing medical and therapeutic care. This lawsuit is part of a broader effort by Anapol Weiss, which has filed 22 cases against these companies and serves in a leadership role in the centralized federal litigation—now comprising well over 100 filed cases—alleging that Roblox, Discord, and Snap enabled sexual exploitation of children through dangerous platform designs. Anapol Weiss has been at the forefront of litigation involving online child exploitation and represents individuals and families nationwide in cases involving corporate negligence and product safety. The firm was among the first in the nation to bring claims against major gaming platforms related to child safety and continues to play a leading role in these cases. お知らせ • Feb 05
Snap Inc. (NYSE:SNAP) announces an Equity Buyback for $500 million worth of its shares. Snap Inc. (NYSE:SNAP) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its Class A common stock. The purpose of the program is to utilize the company’s strong balance sheet to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture. The repurchases under the program will be funded from existing cash and cash equivalents. The program will be valid for a period of 12 months. お知らせ • Dec 09
Snap Inc. Appoints Matthew McRae as Director to Board of Directors,Effective December 4, 2025 On December 4, 2025, Snap Inc. approved an increase to the size of the board from eleven to twelve members and appointed Matthew McRae to fill the newly created vacancy,effective December 4, 2025. Mr. McRae will serve until the earlier of (a) the next annual meeting of our stockholders, (b) the effectiveness of the next action by written consent of stockholders in lieu of an annual meeting, and (c) his death, resignation, or removal. Mr. McRae has not been appointed to serve on any committees of the board of directors. Mr. McRae, age 51, has served as Chief Executive Officer and a member of the board of directors of Arlo Technologies Inc. since August 2018. He previously was NETGEAR’s Senior Vice President of Strategy, and prior to that served as Chief Technology Officer of Vizio Inc. for over 7 years. Mr. McRae previously served as Vice President of Marketing and Business Development of Fabrik (now part of HGST Inc.), and before that was Senior Director, Worldwide Business Development at Cisco Systems Inc. Mr. McRae currently serves on the board of directors for Origin Wireless, and was previously on the board of directors of Violux Inc., Dedicated Hosting Services Inc., and the Leatherby Center for Entrepreneurship and Business Ethics at the Business School of Chapman University. Mr. McRae holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and a Bachelor of Science in Computer Engineering from the University of Pennsylvania. There are no family relationships between Mr. McRae and any of our directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Further, there is no arrangement or understanding between Mr. McRae and any other persons or entities pursuant to which Mr. McRae was appointed as a director. お知らせ • Nov 06
Snap Inc. (NYSE:SNAP) announces an Equity Buyback for $500 million worth of its shares. Snap Inc. (NYSE:SNAP) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its Class A common stock. The purpose of the program is to utilize the company’s strong balance sheet to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture. The repurchases under the program will be funded from existing cash and cash equivalents. The program will be valid for a period of 12 months. お知らせ • Oct 03
Snap Inc. and Samba TV Study Demonstrate Impactful Entertainment Outcomes Across Streaming and Theatrical Releases Snap Inc. and Samba TV released compelling study results demonstrating Snapchat Advertising's ability to drive measurable outcomes at scale. Amid a thriving box office and a theatrical industry slated for continued growth, entertainment marketers are navigating an environment where accountability and proven ROI are paramount, Samba TV's study shows how Snapchat delivers consistent results across streaming, linear, and theatrical campaigns, moving audiences from discovery to action. The study, analyzing 29 media and entertainment campaigns, found that Snapchat ads delivered both upper- and lower-funnel impact, from boosting viewership to sustaining ticket sales long after opening weekend. The findings arrive at a moment when marketers are rethinking media plans to capitalize on the box office resurgence and balance awareness with conversion. Snapchat's proven ability to influence outcomes across the entertainment funnel, paired with Samba TV's independent first-party dataset and identity graph gives advertisers a unified view of campaign performance across the entire consumer journey. In 12 campaigns focused on promoting new movie releases in a booming theatrical market, Snapchat drove an average 79% incremental lift in ticket sale conversions, proving a positive investment for entertainment marketers. The study identified Snapchat's Commercials and Story Ads performed strongest, driving 5x and 3x lift respectively. Among light TV viewers, a segment of viewers that watch low levels of traditional television who are increasingly challenging to reach, Snapchat achieved an average 99% lift in ticket sales. Samba TV's study also demonstrated that Snapchat's ad campaigns had staying power long after the exposure with continued incremental ticket sales more than 30 days after release, further underscoring Snapchat's role in sustaining momentum when maximizing returns in a strong box office environment matters most. Across 17 campaigns promoting streaming and linear programming, Samba TV reported that Snapchat delivered an average 32% lift in viewership, with standout performance from formats including Lenses, Story Ads, and Reminder Ads. Every campaign in the study achieved statistically significant outcomes, proving that entertainment advertisers can rely on Snapchat to cut through crowded launch windows and fragmented media consumption habits. With more than 75% of 13- to 34-year-olds in more than 25 countries, Snapchat is a critical channel for entertainment marketers looking to reach audiences where they spend their time. To understand whether campaigns are driving impact, advertisers need access to comprehensive, full-funnel insights. Samba TV's first-party dataset spans TV, digital, and social channels, enabling brands and agencies to measure performance based on real-world business outcomes from box office sales to brand lift, retail visitation, and digital conversions. お知らせ • Sep 05
Michael O’Sullivan to Leave as General Counsel and Secretary of Snap Inc. on December 31, 2025 Snap Inc. announced that on September 3, 2025, Michael O’Sullivan, General Counsel and Secretary, notified the company that he will be leaving on December 31, 2025. Mr. O’Sullivan has confirmed that his decision is not related to any disagreement with the company on any matter relating to accounting, strategy, management, operations, policies, or practices (financial or otherwise). お知らせ • Aug 22
Holzer & Holzer, Llc Announces Lawsuit Filed Against Snap Inc A shareholder class action lawsuit has been filed against Snap Inc. The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding the true state of Snap’s advertising revenue growth rate. The deadline to ask the court to be appointed lead plaintiff in the case is October 20, 2025.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. Recent Insider Transactions • Aug 22
Insider recently sold €1.1m worth of stock On the 18th of August, Ajit Mohan sold around 184k shares on-market at roughly €6.15 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. お知らせ • Jul 12
Snap Inc., Annual General Meeting, Aug 01, 2025 Snap Inc., Annual General Meeting, Aug 01, 2025. お知らせ • Jul 11
Snap Inc. to Report Q2, 2025 Results on Aug 05, 2025 Snap Inc. announced that they will report Q2, 2025 results on Aug 05, 2025 お知らせ • Jun 21
Snap Inc. (NYSE:SNAP) acquired Saturn Technologies Inc. Snap Inc. (NYSE:SNAP) acquired Saturn Technologies Inc. on June 20, 2025. Snap says almost the entire Saturn team is joining Snap as part of the acquisition, with just under 30 full-time employees coming on board.
Snap Inc. (NYSE:SNAP) completed the acquisition of Saturn Technologies Inc. on June 20, 2025. お知らせ • Jun 11
Snap to Launch New Lightweight, Immersive Specs in 2026 Snap Inc. announced at the Augmented World Expo 2025 that it is launching lightweight, immersive Specs in 2026. Specs are an ultra- powerful wearable computer integrated into a lightweight pair of glasses, featuring see-through Lenses that enhance the physical world with digital experiences. Snap's all-new Specs are uniquely positioned to understand the world through advanced machine learning, bring AI assistance into three-dimensional space, enable shared games and experiences with friends, and provide a flexible and powerful workstation for browsing, streaming, and more. People use AR Lenses in the Snapchat camera 8 billion times per day, and over 400,000 developers have built more than 4 million Lenses with Snap's AR tools. Snap released its fifth generation of Spectacles for developers in 2024, paving the way for the public launch of Specs in 2026. Developers all over the world are already building new experiences, including: Super Travel from Gowaaa helps global travelers translate signs, menus, and receipts and convert currencies. Drum Kit from Paradiddle teaches new drummers how to play by overlaying cues on a real drum set and listening to the notes. Pool Assist from Studio ANRK helps players make better shots in pool. Cookmate from Headraft finds recipes based on available ingredients and provides step-by-step cooking guidance in the kitchen. Wisp World from Liquid City brings on whimsical adventures to playfully explore the world around you. The company also announced major updates to Snap OS, building on feedback and suggestions from its developer community: Deep Integrations with OpenAI and Gemini on Google Cloud: The company now enable developers to build multimodal AI-powered Lenses and publish them for the Spectacles community. For example, developers are using AI to provide text translation and currency conversion (Super Travel), suggest recipes (Cookmate), and bring on whimsical adventures (Wisp World) based on what see, say, or hear while wearing Spectacles. The company offer camera access designed with privacy in mind through proprietary Remote Service Gateway. Depth Module API: Translates 2D information from large language models in order to anchor AR information accurately in three dimensions, unlocking a new paradigm for spatial intelligence. Automated Speech Recognition API: Enables real-time transcription with support for 40+ languages including non-native accents with high accuracy. Snap3D API: lets developers generate 3D objects on the fly inside Lenses. Snap is also launching new tools specifically for developers building location-based experiences, making it easier to bring monuments, museums, and more to life: Fleet Management app: Enables developers to remotely monitor and manage multiple pairs of Specs. Guided Mode: Developers can configure Specs to launch directly into a single-player or multiplayer Lens quickly for a seamless visitor experience. Guided Navigation: This feature makes it easy to build AR-guided tours that direct people through a series of landmarks at events or museums. These tools support developers like Enklu, which operates holographic theater Verse Immersive in more than a dozen locations across the US. Now, Verse Immersive customers in Chicago can use Spectacles to play their new game SightCraft with friends, and it will roll out in more locations this year. And coming soon: Niantic Spatial VPS: company partnering with Niantic Spatial to bring their Visual Positioning System to Lens Studio and Specs to build a shared, AI-powered map of the world. WebXR Supportin the browser: Will enable developers to build, test, and access WebXR experiences. お知らせ • Feb 07
Snap Inc. Provides Earnings Guidance for the First Quarter of 2025 Snap Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects revenue to be $1,325 billion to $1,360 billion. お知らせ • Jan 29
Baron & Budd Represents California Counties in Public Nuisance Lawsuits Against Social Media Companies Baron & Budd filed public nuisance lawsuits against social media companies Meta, Snap, Google, YouTube, and TikTok. The lawsuits, filed on behalf of the people of the state of California in San Diego, Sacramento, and Del Norte Counties, allege that the defendant social media companies have created a public nuisance and health crisis among minors who have developed compulsive and addictive behaviors due to social media algorithms and user interface design intended to create repetitive uses. According to the lawsuit, the social media companies strategically and intentionally implemented behavioral and neurobiological techniques responsible for addictive behavior in the development of their platforms knowing that children and adolescents are particularly vulnerable to the addictive effects. The extensive complaint cites scientific research, including studies concealed by the defendants, that connect the intentional design of the platforms to the growing youth mental health crisis that is gripping the nation. The complaint alleges resulting effects of the addictive designs of the social media platforms have created extraordinary profits for the companies, but also caused alarming increases in anxiety, depression, and suicide rates for youths. The counties filing the lawsuits assert that the defendants’ conduct has created a public nuisance among the counties’ youth that requires abatement including but not limited to, funding for programs, services, and educational outreach. The lawsuits seek to hold the social media companies accountable for their role in creating or contributing to a public nuisance and enjoin them to stop their harmful actions while also seeking injunctive relief and abatement to fund education and addiction treatment. The cases were filed by the law firms Baron & Budd, Diab Chambers, Wagstaff & Cartmell, Beasley Allen, and Goza & Honnold. お知らせ • Jan 08
Snap Inc. Appoints Ankit Goyle as Head of India - Marketing Snap Inc. announced Apple's Ankit Goyle has joined the company as Head of India - Marketing. Prior to this, Ankit Goyle was with Apple as Head of Category Marketing & Demand Generation - iPhone and AirPods. He will be setting up the marketing function and contributing to Snapchat's mission of empowering self-expression and connection. Before joining Snap Inc, Ankit Goyle was with Apple for over 9 years. He last held the position of Head of Category Marketing & Demand Generation - iPhone and AirPods at the company. In his previous stints, Ankit Goyle has worked with Myntra, Aditya Birla Fashion and Retail Ltd, Reid & Taylor among others. お知らせ • Oct 30
Snap Inc. (NYSE:SNAP) announces an Equity Buyback for $500 million worth of its shares. Snap Inc. (NYSE:SNAP) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of Class A common stock. The repurchases under the program will be funded from existing cash and cash equivalents. The program is valid for 12 months. お知らせ • Sep 16
Snap Inc. Appoints Jim Lanzone to Its Board of Director Snap Inc. announced that Jim Lanzone, Chief Executive Officer of Yahoo Inc., has been appointed to the company's board of directors, effective as of September 12, 2024. Mr. Lanzone has been Chief Executive Officer and member of the board of directors of Yahoo Inc. since September 2021. Prior to that, Mr. Lanzone served as CEO of Tinder. Previously, he served as President and CEO of CBS Interactive for over 8 years, as well as becoming CBS Corporation’s first Chief Digital Officer. He has also previously served on the board of directors for GoPro Inc. and Edmunds.com. Mr. Lanzone holds a bachelor's degree in political science from UCLA and a JD/MBA degree from Emory University. お知らせ • Aug 02
Snap Inc. Provides Earnings Guidance for the Third Quarter of 2024 Snap Inc. provided earnings guidance for the Third quarter of 2024. For the quarter company expected range for revenue is $1,335 million to $1,375 million, implying year-over-year revenue growth of 12% to 16%. お知らせ • Jul 01
Snap Inc., Annual General Meeting, Jul 22, 2024 Snap Inc., Annual General Meeting, Jul 22, 2024. Location: investor.snap.com, United States お知らせ • Apr 27
Snap Inc. Provides Revenue Guidance for the Second Quarter of 2024 Snap Inc. provided revenue guidance for the second quarter of 2024. For the quarter, guidance range for revenue is $1,225 million to $1,255 million, implying year-over-year revenue growth of 15% to 18%. お知らせ • Jan 16
Snap Inc Appoints Rasha El-Ghoussaini as the New Head of Agency Snap Inc, an American social media company in MENA, has appointed Rasha El-Ghoussaini as the new head of agency. With an impressive track record spanning over 18 years, El-Ghoussaini has been a key figure at Snap Inc, where she has previously served as the Head of Industry, working across multiple verticals. Joining Snap in May 2017, El-Ghoussaini has played a pivotal role in shaping the company's strategy in the region, working with the leadership team to drive continued growth. As the newly appointed Head of Agency at Snap Inc. in MENA, El-Ghoussaini is poised to bring her extensive experience to formulate, build and execute strategic partnerships across the agency ecosystem. Her role will involve cultivating relationships across the agency ecosystem, engaging with leadership, and building capabilities across the networks. New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$696m net loss in 3 years). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€2.9m sold). Reported Earnings • Oct 26
Third quarter 2023 earnings released: US$0.23 loss per share (vs US$0.22 loss in 3Q 2022) Third quarter 2023 results: US$0.23 loss per share (further deteriorated from US$0.22 loss in 3Q 2022). Revenue: US$1.19b (up 5.3% from 3Q 2022). Net loss: US$368.3m (loss widened 2.4% from 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. お知らせ • Sep 19
Patrick Spence Joins Snap Inc. Board of Directors Snap Inc. announced that Patrick Spence, Chief Executive Officer and member of the board of directors of Sonos Inc., has been appointed to the company's board of directors, effective as of September 14, 2023. Mr. Spence has served as Chief Executive Officer and member of the board of directors of Sonos Inc. since January 2017. Prior to joining Sonos, Mr. Spence spent 14 years at Research In Motion Limited, a consumer electronics company and the developer of the BlackBerry device, in a variety of senior roles, including most recently as the Senior Vice President and Managing Director of Global Sales and Regional Marketing. Mr. Spence holds a BA in business administration from the Ivey Business School at the University of Western Ontario. お知らせ • Aug 24
Snap Inc. Appoints Pulkit Trivedi as India Managing Director Snap Inc. announced the appointment of Pulkit Trivedi as India Managing Director, reporting to Snap's APAC President, Ajit Mohan. Trivedi joins Snap from Google where he has spent the past five years as the Director of Google Pay - India Business Team. As a part of the leadership team, Pulkit was responsible for building strategic plans for the business, forging key partnerships, and leading the monetization agenda for Google Pay in India. In his role, Trivedi will be responsible for leading the organization's Indian operations including driving revenue, supporting partners, and nurturing the creator ecosystem. Under a new operational structure, the Growth, Market Development, Partnerships, Content and Creator Ecosystem teams will now report directly to Trivedi. This new, highly localized structure reinforces Snap's commitment to India to further build unique experiences for the company's growing user community. お知らせ • Jul 26
Snap Inc. Provides Revenue Guidance for the Third Quarter of 2023 Snap Inc. provided revenue guidance for the third quarter of 2023. For the quarter, the company expects revenue to be between $1,070to $1,130 million implying negative 5% to flat year-over-year growth. お知らせ • Jul 01
Snap Inc., Annual General Meeting, Jul 24, 2023 Snap Inc., Annual General Meeting, Jul 24, 2023, at 13:00 Pacific Standard Time. Agenda: To consider elect the nine nominees for director named in the information statement to serve until the next annual meeting or their successors are duly elected and qualified; and to consider ratify the selection by the audit committee of board of directors of Ernst & Young LLP as Snap’s independent registered public accounting firm for the fiscal year ending December 31, 2023. お知らせ • Jun 15
Montgomery County Public Schools Joins Federal Lawsuit Against Meta, TikTok, Snap, YouTube, and Other Social Media Companies Frantz Law Group announced that the Montgomery County Public School District joined 500 school districts nationwide in a lawsuit filed in Federal District Court in San Francisco against Meta, TikTok, Snap, YouTube, and other social media companies. In the lawsuit the plaintiff school districts allege that these companies are knowingly causing emotional harm to children through their platforms. The lawsuit alleges that various social media companies have caused a mental and emotional health crisis marked by higher proportions of anxiety, depression, thoughts of self-harm, body dissatisfaction, disordered eating behaviors, and low self-esteem among children and students. Many are further subjected to often harmful, exploitative and addictive content that encourages disorderly behavior, unhealthy social comparison, and cyberbullying. This litigation seeks to provide the funding and staffing resources needed to mitigate the damage that school districts are currently encountering. In May of this year, U.S. Surgeon General Dr. Vivek Murthy issued a new Advisory on Social Media and Youth Mental Health, in which he states, "…there is growing evidence that social media use is associated with harm to young people's mental health." The Advisory cites research finding that one-third or more of girls aged 11-15 say they feel "addicted" to certain social media platforms, that 46% of adolescents aged 13-17 said social media makes them feel worse, and that 64% of adolescents are "often" or "sometimes" exposed to hate-based content through social media. The Advisory also points to studies that show "a relationship between social media use and poor sleep quality, reduced sleep duration, sleep difficulties, and depression among youth." Moreover, in October 2021, former Meta employee Frances Haugen testified before Congress that Meta's own internal research indicated how harmful their products are to the mental health of child users and, in particular, teenage girls. お知らせ • Jun 07
Snap Inc. Appoints Eric Young as Senior Vice President of Engineering Snap Inc. announced that on June 5, 2023, Eric Young joined the company to serve as Senior Vice President of Engineering. Mr. Young, age 46, was previously employed at Alphabet Inc., serving in a variety of roles, most recently as Vice President of Engineering at Google. Prior to Google, Mr. Young served in a variety of roles at Amazon.com Inc. Mr. Young holds a B.S. from Vanderbilt University and an M.B.A. from the Wharton School at the University of Pennsylvania. お知らせ • Feb 01
Snap Inc. Not to Provide Financial Guidance for the First Quarter of 2023 Snap Inc. announced that given uncertainties related to the operating environment, the company is not providing its expectations for revenue for the first quarter of 2023. Recent Insider Transactions • Jul 20
Chief Financial Officer recently sold €115k worth of stock On the 18th of July, Derek Andersen sold around 8k shares on-market at roughly €13.79 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Derek has been a seller over the last 12 months, reducing personal holdings by €8.1m. Breakeven Date Change • Jul 18
No longer forecast to breakeven The 37 analysts covering Snap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$54.3m in 2024. New consensus forecast suggests the company will make a loss of US$12.4m in 2024. Recent Insider Transactions • Jun 18
Chief Financial Officer recently sold €444k worth of stock On the 16th of June, Derek Andersen sold around 38k shares on-market at roughly €11.69 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Derek has been a seller over the last 12 months, reducing personal holdings by €8.4m. Recent Insider Transactions • May 19
Chief Business Officer recently sold €835k worth of stock On the 16th of May, Jeremi Gorman sold around 36k shares on-market at roughly €22.91 per share. In the last 3 months, they made an even bigger sale worth €1.1m. Insiders have been net sellers, collectively disposing of €64m more than they bought in the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings released: US$0.22 loss per share (vs US$0.19 loss in 1Q 2021) First quarter 2022 results: US$0.22 loss per share (down from US$0.19 loss in 1Q 2021). Revenue: US$1.06b (up 38% from 1Q 2021). Net loss: US$359.6m (loss widened 25% from 1Q 2021). Over the next year, revenue is forecast to grow 37%, compared to a 26% growth forecast for the industry in Europe. Recent Insider Transactions • Apr 27
Chief Business Officer recently sold €1.1m worth of stock On the 18th of April, Jeremi Gorman sold around 36k shares on-market at roughly €29.90 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. Insiders have been net sellers, collectively disposing of €70m more than they bought in the last 12 months. Recent Insider Transactions • Mar 18
Chief Financial Officer recently sold €951k worth of stock On the 16th of March, Derek Andersen sold around 33k shares on-market at roughly €28.87 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. Derek has been a seller over the last 12 months, reducing personal holdings by €9.8m. Recent Insider Transactions • Feb 19
Chief Business Officer recently sold €1.3m worth of stock On the 16th of February, Jeremi Gorman sold around 36k shares on-market at roughly €35.05 per share. In the last 3 months, they made an even bigger sale worth €1.4m. Insiders have been net sellers, collectively disposing of €69m more than they bought in the last 12 months. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.30 loss per share (up from US$0.65 loss in FY 2020). Revenue: US$4.12b (up 64% from FY 2020). Net loss: US$488.0m (loss narrowed 48% from FY 2020). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 33%, compared to a 36% growth forecast for the industry in Europe. Recent Insider Transactions • Jan 21
Chief Business Officer recently sold €1.2m worth of stock On the 18th of January, Jeremi Gorman sold around 37k shares on-market at roughly €31.74 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.3m. Insiders have been net sellers, collectively disposing of €77m more than they bought in the last 12 months. Recent Insider Transactions • Dec 21
Chief Business Officer recently sold €1.4m worth of stock On the 16th of December, Jeremi Gorman sold around 36k shares on-market at roughly €39.67 per share. In the last 3 months, they made an even bigger sale worth €2.3m. Insiders have been net sellers, collectively disposing of €77m more than they bought in the last 12 months.