Yahoo Finance Today’s Research Reports on Stocks to Watch: Facebook and Snap Inc.
NEW YORK, NY / ACCESSWIRE / November 22, 2017 / Snapchat shares entered into red territory yesterday despite some encouraging data released yesterday about its daily users. Shares of Facebook also headed higher after an Indian fashion and retail conglomerate announced it would be using Facebook in its plans to open 10,000 member only stores by 2022.
RDI Initiates Coverage on:
Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP
Facebook, Inc.
https://rdinvesting.com/news/?ticker=FB
Snap Inc. shares closed down a modest 0.56% yesterday on about 19 million shares traded. It was revealed yesterday from new data from App Annie that was commissioned by the company, that almost half of daily Snapchat users are not on Instagram. The findings also found that 40% of daily users aren't on Facebook and 80% are not on Twitter. The results were an improvement compared to a similar non-commission study that was done earlier in the year. App Annie found in the spring that only 46% of Snapchat daily users don't log onto Instagram and 35% don't log on to Facebook. Earlier in the month Snapchat reported that it had 178 million daily active users when it released its third-quarter earnings report.
Access RDI's Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP
Facebook, Inc. shares closed up 1.75% on nearly 14.5 million shares traded on Tuesday. It was yesterday that Future Group, an Indian fashion and retail conglomerate announced that it is planning to open 10,000 member-only stores by the year 2022, and that it would be utilizing technology and data from Facebook as well as Google. According to Chief Executive Officer Kishore Biyani, Facebook will help the company determine customer demographics as well as social engagement. It was also announced that Facebook is planning to meet Russian regulators next month or in January to discuss compliance. The news was reported by TASS news agency who cited the head of Russian communications watchdog Roskomnadzor. According to Alexader Zharov, "We will discuss with them all the issues, including localization of databases and prompt removal of prohibited content."
Access RDI's Facebook, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FB
Our Actionable Research on Facebook, Inc. (NASDAQ: FB) and Snap Inc. (NYSE: SNAP) can be downloaded free of charge at Research Driven Investing.
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