Tag: $Snap

Snap reported better-than-expected revenue and earnings for the second quarter and issued a forecast for the current period that topped analysts’ estimates. The stock jumped about 8% in extended trading.

Snap’s shares jumped on Wednesday after the company announced plans to slash up to 16% of its global workforce, citing AI-driven efficiencies.

Specs, the Snap smart glasses unit formed early this year, will use Qualcomm ​chips for its upcoming devices under a ‌multi-year deal announced on Friday, marking its first major move.

Snap reported first-quarter results Thursday that beat analysts’ estimates for earnings and revenue.

Snap shares were tumbling after the social networking company provided disappointing profit guidance for its March quarter.