SNAP Stock Recent News

Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business.

The U.S. Senate passed legislation Tuesday night that could lead to a nationwide ban on TikTok, sending it to President Joe Biden for his signature as part of a broader measure to provide support to Ukraine, Israel and other U.S. allies.

Besides Wall Street's top -and-bottom-line estimates for Snap (SNAP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Snap Inc (NYSE: SNAP) has gained over 10% in recent sessions but it may not be out of juice just yet, as per Wells Fargo. How high could Snap stock go in 2024?

House Speaker Mike Johnson is expected to include legislation against TikTok in a new bill. The legislation would ban TikTok from the U.S. or force a divestiture.

This stock is not without risk, but the potential upside more than offsets the headwinds.

Certain members of Congress are pushing hard to either divest TikTok, or ban it outright. Snap has features comparable to those of the Chinese media site, so it could gain handsomely if the ban is enacted.

Rohit Kulkarni, Roth MKM senior research analyst, and Paul Gallant, TD Cowen TMT policy analyst, join 'Closing Bell Overtime' to talk the TikTok bill in congress and its impact on other social media companies.

What comes after a disappointing quarter – a spectacular comeback, or more disappointment? That's the billion-dollar question that Snap's (NYSE: SNAP ) shareholders are asking.

The site said that it would deactivate the default setting that automatically enabled the so-called "Solar System" function on its Snapchat+.