Snap and its social-media app Snapchat have found their sea legs and then some.
The stock is outperforming rival social-media companies. And according to research published Friday by MoffetNathanson, next year is set to be another strong one for the Santa Monica, Calif.-based company,
Shares of Snap (ticker: SNAP) gained 1.6% to $49.82 by early afternoon on Friday trading. Over the past six months, Snap stock has advanced 103%, compared with
Facebook (FB) which has gained 5%, and
Twitter (TWTR), which rose 28%. The benchmark
S&P 500 index rose 18% in the past six months.
On Friday, MoffetNathanson analyst Michael Nathanson upgraded Snap stock to a Buy from a Neutral rating, and gave his target price a substantial boost to $57 from $39.
Financial News
What’s up with WhatsApp? Everything you need to know about the shift to Signal
Concerns about data privacy on WhatsApp have caused users to consider a move to Signal or Telegram. But which one is right for you?
Consumers are now leaving WhatsApp in droves, amid changes that impact on user privacy. They re now shifting to the likes of other messaging apps like Telegram and Signal Getty Images By Thursday January 14, 2021 1:23 pm
Social media sites are abuzz with people preparing to shift their online lives away from Facebook’s encrypted messaging platform WhatsApp, after the tech firm changed some of its terms and conditions.
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The John Deere logo is seen on a riding mower steering wheel Justin Sullivan/Getty Images
John Deere is showing off technology that has the potential to rival the significance of its original innovation the steel plow, which brought the company commercial success in the 19th century. Deere’s latest gear could offer a similar lift today.
Deere (ticker: DE), founded in 1837, demonstrated its new technology with a different piece of cutting-edge equipment: Oculus VR goggles from
Facebook (FB). The goggles are required because this year’s Consumer Electronics Show the annual Las Vegas shindig is all virtual during the pandemic.
Updated Jan. 15, 2021 3:55 pm ET
Two apps Signal and Telegram are currently the No. 1 and No. 2 free app downloads in Apple’s App Store and Google’s Play Store. Millions of users flocked to the chat apps in recent weeks, according to data from Apptopia and Sensor Tower. There are a few factors behind the surge.
One is concern over a privacy-policy update for the Facebook Inc.-owned WhatsApp. (After the initial publication of this article, the company delayed the policy update until May 15.) Meanwhile, the deplatforming of President Trump from prominent social networks following the U.S. Capitol riot has driven people to seek communication tools without moderators and external visibility.
Founded in 2018 as a libertarian-leaning alternative to Facebook and Twitter, the social network went dark after partners yanked the plug, accusing it of hosting violent content that contributed to last week’s Capitol Hill riot.