Snap's shares fell over 10% after the company reported third-quarter revenue of $1.72 billion and 495 million daily active users, both slightly below analyst expectations. However, Snap's adjusted earnings of $383 million surpassed estimates, and the company projects fourth-quarter revenue between $1.95 billion and $1.99 billion, above Wall Street's forecast. Snap plans to shift its focus to monthly active users as its primary metric starting in early 2027, aiming for long-term growth rather than daily engagement. This strategy reflects a focus on sustainable user relationships and broader audience expansion.
Snap shares trade at USD 5.37 on Pluang as of Nov 05, 2026 04:13 WIB, down 3.94% for the day. The stock shows strong selling pressure with 100% sell orders on the platform. Its market cap stands at $9.45 billion, reflecting investor caution following recent earnings news.
Snap announced it has exceeded 30 million paid subscribers for Snapchat+, up 5 million since February. Snapchat+ offers exclusive features for $3.99/month, with higher tiers like Lens+ and Snapchat+ Platinum adding more premium options. Despite this ...
Snap has settled a lawsuit filed by two teenagers accusing the company of designing its platform to be addictive and contributing to their depression, anxiety, and eating disorders. This case was part of a broader wave of legal actions against social...
Snap has settled a lawsuit brought by two teenagers who alleged that the company designed Snapchat to be addictive, contributing to their depression, anxiety, and eating disorders. This case was part of broader litigation against social media firms l...
