Snap partnered with chipmaker Qualcomm and OpenAI's ChatGPT to create the AR Spectacles, which allow users to place digital images and filters onto the real world through the lenses.
Snap Inc. (NYSE:SNAP ) Annual Snap Partner Summit Call September 17, 2024 1:00 PM ET Company Participants Evan Spiegel - Chief Executive Officer & Co-Founder Ceci Mourkogiannis - Head, Products Brooke Berry - Head, Creator Development Sophia Dominguez - Director, AR Platform Bobby Murphy - Chief Technology Officer Evan Spiegel Welcome, everybody. We are so excited to kick-off the Snap Partner Summit.
CNBC's Julia Boorstin with Snap CEO Evan Spiegel, join 'Power Lunch' to discuss it's new product AR glasses, the company's stock plunge, new ad format and more.
Snap announced an upgraded version of its Spectacles augmented-reality glasses on Tuesday, doubling down on its bet that wearable devices to enhance the view of the real world will be one of the next frontiers in tech.
Snap on Tuesday announced the fifth generation of its Spectacles augmented reality glasses that can overlay digital graphics onto the physical world. Like Meta, Snap has been trying for years to break into consumer hardware.
Snapchat's Brooke Berry introduced new creator tools at the company's partner summit on Tuesday. Snap Stars can now directly share content analytics with brands to land paid deals.
At its annual Snap Partner Summit on Tuesday, Snapchat announced that it's introducing a new AI video generation tool for creators. The tool will allow select creators to generate AI videos from text prompts, and soon, from image prompts.
Snap bets big on enhanced user protection and AI innovations to reignite growth, which makes the stock worth a watch amid fierce competition.
Snap (SNAP) closed the most recent trading day at $9.64, moving +1.26% from the previous trading session.
Snap (SNAP) concluded the recent trading session at $8.64, signifying a +1.29% move from its prior day's close.
Despite a 47.57% drop in shares, I remain bullish on Snapchat due to its potential for ARPU growth and innovative ad formats. Snapchat's focus on direct response advertising and AR investments is expected to drive higher ARPU, despite current market skepticism and competition from Meta Google, and ByteDance's TikTok. The market is overly bearish on Snapchat's ad model; management's strategic focus on AI and AR is starting to show promising results.
Snap started making progress last quarter with its monetization before taking a step back in its most recent quarter. Growth is slowing, and Snap is losing a lot of money, which may be good reasons to avoid Snap stock despite its more attractive valuation.