Snap's stock dropped about 10% after missing Q3 earnings expectations, wiping out earlier gains and deepening year-to-date losses to over 30%. The company faces stagnating user growth, especially in its core U.S. market, raising concerns about the sustainability of its profit growth. Additionally, Snap plans to switch from reporting daily active users to global monthly active users starting in fiscal year 2027, which may reduce transparency compared to competitors. These factors led to a downgrade of Snap's rating to "Sell."
Snap shares are trading at USD 5.38 on Pluang, down 9.04% as of Nov 05, 2026 19:01 WIB, reflecting continued investor caution after the stock's recent 10% drop in the broader market. The stock's market cap stands at $10.01 billion with a 52-week low of $3.93 and a 52-week high of $9.09. Pluang data shows a strong sell sentiment with 100% of order activity on the platform being sell orders, indicating a bearish outlook among retail investors.
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'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...
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...
