|Bid||7.03 x 900|
|Ask||7.04 x 21500|
|Day's Range||6.93 - 7.32|
|52 Week Range||6.46 - 21.22|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.63|
As Square (SQ) gears up to report its third-quarter results, the company is considering extending its Cash App service beyond its peer-to-peer payment roots by building it into a financial app for everyday use—a dream PayPal (PYPL) also has for its Venmo service. Cash App had attracted more than 7.0 million monthly users as of December 2017. In addition to supporting money transfers between family and friends, Cash App also lets users withdraw their balances from ATMs using an associated debit card known as Cash Card.
Twitter’s (TWTR) advertising business only returned to growth in the past three quarters after several consecutive quarters of decline. The company’s advertising revenue rose 23% YoY (year-over-year) in the second quarter, 21% YoY in the first quarter, and 1.0% YoY in the fourth quarter of 2017. It had been falling for at least the last four consecutive quarters.
Twitter (TWTR) is set to release its third-quarter earnings results at a time of heightened scrutiny of its social network. As Twitter’s platform cleanup efforts kick into high gear, accounts pumping out political content have come into sharp focus. In an update on its election integrity work, Twitter said early this month that it had shut down dozens of accounts in August after detecting that those accounts had falsified their affiliation with the Republican Party.
Research is a key area for technology companies, and many spend large portions of their revenue on R&D. Baidu (BIDU) has said that it funnels ~15% of its annual revenue to R&D projects. Facebook (FB) and Alphabet (GOOGL) spent ~20% and 15% of their 2017 revenues on R&D, respectively.
Amazon (AMZN) is on track to generate $4.6 billion in US advertising sales in 2018, more than double its sales from a year ago and 4.1% of all US digital advertising dollars, according to eMarketer. Facebook is expected to capture 20.6% of US digital advertising dollars in 2018, and Google is expected to capture 37.1%.
Echo is valued at $40 million, while Pop got backing from Bertelsmann Asia Investments, the publication wrote. With a virtual monopoly in China’s instant messaging market – WeChat has more than 1 billion users and is popular for payments – market share for Tencent's core product doesn’t have much upside but there’s certainly a lot of downside. Neither Pop nor Echo are likely to topple WeChat – they don’t need to in order to inflict damage on Tencent.
As Twitter (TWTR) reports its third-quarter results, Japan is on many investors’ radars. The country has become a prominent market for the company and presents an attractive digital advertising market opportunity. Twitter is poised to close 2018 with 34 million monthly users in Japan, which is equivalent to 63.3% of all social network users in the country, according to eMarketer.
Twitter (TWTR) is scheduled to report its third-quarter results on October 25. Twitter’s revenue fell 4.3% YoY in the comparable period last year. Twitter has posted profits in the past three consecutive quarters supported by a combination of revenue growth and cost controls.
Facebook (FB) recently appointed Adam Mosseri to run its Instagram subsidiary. Mosseri is a longtime Facebook executive who began as a product designer at Facebook’s namesake social network in 2008. He was leading Facebook’s newsfeed team before he moved over to Instagram as its product leader, where he worked alongside Instagram founders and executives Kevin Systrom and Mike Krieger.
Earlier this month, Facebook (FB) hosted the first global summit for its Workplace product. Launched two years ago, Workplace is a collaborative platform designed for corporate environments. It supports instant messaging between colleagues, group communication, and social networking within an organization.
Alphabet’s (GOOGL) Google recently disclosed that it had found a security flaw that may have exposed the personal data of as many as 500,000 users of its Google+ social network. Google+ was introduced in 2011 as a competitor to Facebook (FB). In an attempt to tighten the security of its products, Google announced a wide range of changes after revealing the security glitch.
It's 8:00 PM on Friday night and you're home alone and already drunk. Oh, is that just me? Well no matter. Snapchat has made lenses for your cat now. Yes, that's right. Your cat! This is what the internet is made for, friends.
Pivotal Research analyst Brian Wieser has long been skeptical of the big social-media names. Wieser upgraded (SNAP)(SNAP) shares to Buy from Hold on Friday, following a 26% drop in the shares over the past month and a 50% fall over three months. Snap surely has its issues—competition from (FB)’s (FB) Instagram is pressuring time spent on the Snapchat app, for example—but Wieser sees opportunities for management to turn things around amid low expectations.
Check out the companies making headlines before the bell: JPMorgan Chase JPM – The bank reported quarterly profit of $2.34 per share , beating the consensus estimate of $2.25 a share. Revenue also beat Street forecasts.
Snap SNAP could go private if it can't get people to stay on its Snapchat app for longer and improve its monetization, according to a Wall Street research firm. Snap, parent company of Snapchat, started publicly trading in March 2017 but has shed $20 billion in market capitalization since then and has struggled to attract new users. "The data we look at is showing a widening user base, although one which is collectively reducing its time on the platform," said Brian Wieser, a senior research analyst at Pivotal Research Group, in an email to CNBC.
Snap can still find ways to reverse recent usage trends and generally improve monetization, but at the same time the company could become an attractive candidate to go private with the stock's price at current levels, said analyst Brian Wieser.
Thursday’s surge in the spot gold price – a 2.5 percent jump to $1,224 an ounce, its sharpest leap in more than two years – looks like confirmation of a trend that’s been developing for a while. Since hitting a five-year high in May, ETF holdings of gold have experienced an unrelenting decline, paralleling the slump in the spot metal itself. The relationship between the gold price and ETF holdings is a complicated one, where the biggest question is often which is the tail and which the dog.
Uncertainty around rates, fiscal policy, trade, and the midterms mean it's a good time to be defensive, the Elevation Partners co-founder says. Especially going into the elections, McNamee says he feels more comfortable with shorts, or bets that equities will fall. Uncertainty around interest rates, fiscal policy, trade, and next month's midterm elections mean it's a good time for investors to be defensive, Elevation Partners co-founder Roger McNamee told CNBC on Thursday.