$SNAP

Smucker hires Goldman Sachs for strategic review amid activist pressure; Meta acquires Assured Robot Intelligence for AI robotics; BuzzFeed faces bankruptcy after missing debt payment.

S&P 500 hits record 7,384 on falling oil prices amid US-Iran peace hopes. Overbought technicals warn of consolidation ahead despite resilient labor market and mixed earnings.

Snap beat Q1 earnings estimates on revenue and profits while returning to user growth. Despite positive results, stock fell 4.26% after hours.

Meta stock fell 8.6% despite Q1 earnings beat, as investors worry its $145B AI spending through 2026 threatens profit margins.

Australia proposes 2.25% tax on Meta, Google, TikTok revenue unless platforms negotiate deals with news publishers, targeting AUD 200-250 million annually for struggling journalism sector.

Expedia appoints Derek Andersen, Snap's former CFO, as new finance chief effective May 11, 2026, replacing Scott Schenkel after 16 months.

Amazon acquires Globalstar for satellite communications; Snap cuts 16% of workforce. Strong TSMC earnings highlight AI chip demand strength amid broader tech sector restructuring.

Snap cuts 1,000 jobs and targets $500M in cost savings through AI-driven productivity improvements, aiming to improve profitability.

Qualcomm posts record Q1 earnings but stock languishes at 15x forward PE, well below semiconductor peers, as Apple modem transition and inventory corrections weigh on investor sentiment.

Snap slashes 16% of workforce targeting $500M cost savings as April stock surge masks structural competitive challenges and persistent annual losses.

Snap stock jumped 7.77% after announcing 1,000 job cuts and $500M cost savings, pivoting toward AI strategy. However, profitability concerns and 17% stock-based compensation dilution remain.

S&P 500 nears records as Trump's Iran comments ease tensions and softer PPI data bolster Fed pause hopes. Banks gain from trading activity; tech stocks remain mixed.

$SNAP rallied 5% on health advertising initiative, then closed down 1.5% as litigation and profitability concerns weighed on investor sentiment.

Snap faces investor dilemma: Is its depressed valuation justified by EU safety concerns and profitability questions, or does it offer genuine upside?

Philadelphia law firm sues $ROBLOX, $SNAP, Discord alleging platform designs enabled sexual exploitation of minor through inadequate safety measures.

Pomerantz LLP investigates $SNAP over disappointing Q2 results, weak guidance, and child safety lawsuit, as stock plunges 26.9%.

Prentice Capital invests $3.2M in Opendoor, acquiring 553,000 shares. The move signals institutional confidence in the real estate tech company despite its ongoing losses.

Tech stocks surge as S&P 500 gains 0.56% on AI infrastructure optimism. Nvidia leads rally following Meta partnership announcement for data center chips.

Snap's CTO sold $10.6M in shares as stock hits all-time low of $4.72, amid weak revenue guidance and continued losses in competitive ad market.

Pinterest shares fell 16.9% after weak Q1 revenue guidance of $951-971M, missing consensus despite record 619M users. Retail advertiser budget cuts cited.