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NYA:SNAP, Jan 18, 12:23 UTC

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Inside Snapchat’s sports content strategy: 'We sit and we think, what are we missing?' - SportsPro Media

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Spiegel’s leadership as chief executive has been the subject of scrutiny and conjecture. Yet both of those narratives are a little too crisply trimmed, even for the social media age. For all its growing pains, Snapchat retains a core daily audience of 186 million users, who spend an average of 30 minutes a day on the platform. “There are moments in time where people really come together and engage with these events and some of these athletes and teams in a way that’s unlike any other vertical,” says Snapchat senior partnerships manager Juan David Borrero, Snap’s 23rd employee, speaking to SportsPro in late December. Not only do these programmes offer the interactive and graphical flourishes that are Snapchat’s hallmark, and the opportunity to swipe up and access more content – from video to messaging to additional links – they will also provide other means for partners to make money. I think the ability to bring in a lot of quick, hyper-visual content – mostly around highlights – is a big opportunity.”. For Snapchat – as for so many other media companies – partnerships with sports organisations and publishers is about capturing the attention of users and generating activity on its platform.

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Wednesday, January 16


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Snap's CFO Departure 'Raises Additional Concerns,' Analysts Say

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Snap Inc (NYSE: SNAP) needs to find a new chief financial officer after Tim Stone resigned from his position after just eight months on the job. The company said Stone's resignation is "not related to any disagreement with us on any matter" although it is raising some red flags among Street analysts. Bank of America's Justin Post maintains a Neutral rating on Snap with an unchanged $7 price target. Stone's departure is part of a growing list of high profiled executives who quit Snap, including head of HR Jason Halbert and Head of Global Strategic Partnerships Elizabeth Herbst-Brady this year alone.

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Snap shares hit by second CFO exit in a year

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Snap shares hit by second CFO exit in a year. (Reuters) - Shares of Snap Inc fell 9 percent in early trading on Wednesday after Tim Stone became the second finance chief to leave the Snapchat operator in a year since a much-criticized redesign. Stone joined the owner of Snapchat last May after spending two decades with Amazon.com Inc, replacing Andrew Vollero, who was responsible for taking Snap public in 2017. Several Wall Street analysts termed Stone's departure "materially negative", arguing the loss of an experienced industry hand would make it tougher for the company to hire and retain top executives.

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Tuesday, January 15


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Snap CFO Tim Stone to resign, shares drop 8 percent

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Snap CFO Tim Stone to resign, shares drop 8 percent. (Reuters) - Chief Financial Officer Tim Stone will be leaving Snap Inc (SNAP.N) less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year. Stone's departure is not related to any disagreements with the company, which owns popular photo messaging app Snapchat, Snap said in a filing https://bit.ly/2McCRIt. It has also struggled with high turnover in its top ranks. Former Chief Strategy Officer Imran Khan and Vice President of content Nick Bell left the company in September and November, respectively.

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Monday, January 14


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5 Reasons Citi Lifts 'Sell' Rating Off Snap's Stock

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Citi's bearish stance on social media company Snap Inc (NYSE: SNAP) has come to an end after nearly a year. Citi's Mark May upgraded Snap from Sell to Neutral with a price target lifted from $6 to $7. Citi's "Sell" rating dates back to Feb. 20, 2018 but can no longer be justified for five reasons, May said in the note. Snap's stock valuation implies a discount to rival social media companies at fourth times EV/2019 revenue versus Twitter Inc (NYSE: TWTR) at six times and Facebook, Inc. (NASDAQ: FB) at five times.

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Thursday, January 10


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BofA Upgrades Twitter After Internet User Survey, Finds Falling Snapchat Usage

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BofA Upgrades Twitter After Internet User Survey, Finds Falling Snapchat Usage. Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)'s Google and Facebook, Inc. (NASDAQ: FB)-owned Instagram have the most positive user trends among consumers 18-65, according to an internet site user survey released Thursday by Bank of America Merrill Lynch. “Snapchat data continues to suggest few signs of a turnaround, and share loss to Instagram, and we do not anticipate an improvement in Q4 user trends,” analyst Justin Post said of the platform. BofA maintained a Buy on Alphabet with a $1,350 price objective. Forty-four percent of respondents in the BofA survey reported increasing usage of Instagram, more than any of the other sites mentioned.

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Snapchat founder can't prove Instagram makes you feel ‘terrible’

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Snap insiders and fans - including Miranda Kerr, the Australian supermodel and entrepreneur who is married to Snap CEO Evan Spiegel - have repeatedly blasted Facebook and Instagram for copying Snapchat, especially its stories format. But beyond the copying complaints, which Instagram has not denied, there's another form of criticism that has recently bubbled up: the contention that Instagram is bad for you, while Snapchat is not. The basic theory is easy to understand: Instagram has "likes" and public follower counts, whereas Snapchat does not, and if people are competing for likes on Instagram, they will end up feeling "terrible." But the problem with that easy narrative is the evidence doesn't back it up. Yes, Snapchat seems to beat Instagram in this study. But if even research being paid for by your competitor - a competitor who is trashing you in the press - gives you 89% positive attributes, that's pretty good. And it's not the only evidence to suggest that Spiegel is wrong in his assessment of Snapchat and Instagram's emotional effects. How does using Snapchat or Instagram impact you emotionally? When I heard Spiegel's quote about Instagram in November, I thought it would be worthwhile to try and answer a simple question: How did Snapchat and Instagram affect users emotionally? Snapchat comes out ahead, but there is nothing to suggest Instagram makes its users feel "terrible" - or somehow much, much worse than Snapchat. But this wasn't an academic study and I took the results as a gut check rather than a definitive answer.

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Friday, January 04


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Snap Inc $SNAP Technical Update – Stock Traders Daily NEWS

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Our Disruptive Tactical Strategies can work regardless of market direction or economic conditions. January 04, 2019, BY Thomas H. Kee Jr - Editor, Stock Traders Daily | Subscribe to RSS. We have day, swing, and longer-term trading plans for SNAP, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Monday, December 24


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Snap's Former CFO Left Because of Evan Spiegel's Fixation on Spectacles

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Despite the fact that Snap had no prior meaningful experience in camera hardware, Spectacles drive almost no engagement on the core platform, and the company previously had to eat a $40 million charge related to horrendous sales, CEO Evan Spiegel still refuses to give up on his Spectacles fantasy. It turns out that Spiegel's fixation with Spectacles contributed to the resignation of Snap's former CFO, Drew Vollero. The Wall Street Journal (subscription required) is out with a blockbuster report detailing Spiegel's controversial management style, providing investors with new insight into how the beleaguered social media company is run. Among many details included in the report is a revelation that Vollero had expressed concern to Spiegel over ongoing investments in hardware. While Snap has never disclosed just how much it has spent developing Spectacles, investors knew that the company was initially selling the first-generation $130 models at a per-unit loss of about $100.

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Snap employees reportedly feel CEO Evan Spiegel is aloof thanks to private jet flights and his requests for armed security - Business Insider Nordic

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According to the Wall Street Journal, that's because Spiegel took a private jet during the firm's IPO roadshow rather than flying with the rest of the banking team. Snap employees perceive their chief executive Evan Spiegel as an aloof leader, thanks to the fact he takes private jets and wants full-time armed guard. The 28-year-old CEO is also super hot on security, often accompanied by a heavy security team that clears out several floors before he arrives at other Snap offices. According to the report, Spiegel once requested armed guard thanks to a spate of violent incidents near Snap's headquarters, but executives pushed back over worries about having guns in the office.

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