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Snap Inc - Class A

NEW
NYSE:SNAP (USA)   Class A
$ 9.38 +0.030 (+0.32%) 04:00 PM EST
At Loss
P/B:
6.85
Market Cap:
$ 15.68B
Enterprise V:
$ 16.63B
Volume:
47.85M
Avg Vol (2M):
34.33M
Trade In:
Volume:
47.85M
At Loss
Avg Vol (2M):
34.33M

Business Description

Description
Snap is a technology company best known for its marquis social media application Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.