Snap Inc. (SNAP)
After hours:
| Previous Close | 11.38 |
| Open | 11.35 |
| Bid | 11.07 x 2200 |
| Ask | 11.10 x 3100 |
| Day's Range | 11.02 - 11.70 |
| 52 Week Range | 7.33 - 39.80 |
| Volume | |
| Avg. Volume | 33,064,994 |
| Market Cap | 17.474B |
| Beta (5Y Monthly) | 1.20 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.86 |
| Earnings Date | Apr 19, 2023 - Apr 24, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 11.22 |
- Yahoo Finance Video
3 things to watch in TikTok CEO testimony to Congress
TikTok CEO Shou Zi Chew is set to testify before Congress for the very first time on Thursday. These are 3 things Yahoo Finance will be looking out for. Number one is national security: How will TikTok address privacy and data security concerns as well as how it handles user data, and what would TikTok do if the Chinese government says hand that data over? Number two is TikTok’s growth: TikTok this week revealed its monthly active users in the U.S. hit 150M; that's a jump of 50% in the past 2+ years. Any wide-ranging U.S. ban could potentially hurt the more than 100,000 creators using TikTok for extra income. Number three is influence or interference: 2024 is a presidential election year in the U.S., so expect questions on misinformation, political influence, and even how children are affected by the content. Key video takeaways 00:14: 3 things to watch with TikTok in D.C. 00:29: TikTok CEO speaks ahead of testifying 01:20: strained relationship
- Bloomberg
Snap Can’t Count on a TikTok Ban to Help It Recover
(Bloomberg) -- Snap Inc. shares need more than the talked up possibility of a TikTok ban to recover from a near 70% slump in the past year.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisA New Chapter of Capitalism Emerges From the Banking CrisisFinally, a Serious Offer to Take Putin Off Russia’s HandsStocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets WrapTikTok Chief Executive Officer Shou Chew testifie
- Yahoo Finance Video
New push to ban TikTok as CEO testifies before Congress
TikTok’s CEO Shou Zi Chew will testify before Congress on Thursday amid calls for the hugely popular app to be banned. There’s a chance the days of endlessly swiping through videos on the platform are numbered. So how did we get here? Alex Zhu and Luyu Yang originally launched an app called Musical.ly way back in 2014. It became especially popular in the U.S. among tweens and preteens who would use it to share videos of themselves lip syncing to songs. ByteDance, meanwhile, was already running TikTok, and seeing how popular Musical.ly was, bought the company for $1 billion in 2017. It merged the two apps in 2018, bringing all Musical.ly users over to TikTok and kickstarting what would become one of the world’s most popular social media platforms. But TikTok’s connection to China, coupled with the fact that it’s so popular with younger users, sent regulators and politicians in the U.S. and abroad into overdrive. The government’s beef with the app is over whether it’s shipping U.S. users’ data to China which then uses it to spy on Americans and spread pro-Beijing propaganda and disinformation. A number of states and federal agencies, not to mention the military, have banned the use of the app on official devices and networks. Key video takeaways 0:10 How TikTok controversy started 0:45 Calls for TikTok to be banned 1:10 U.S. Govt.’s main beef with TikTok
