Snap Stock News

Instagram is introducing the ability for users to share their locations with their friends via DMs (direct messages), the company announced on Monday. The feature indicates that the Meta-owned social network is looking to challenge services like Apple's “Find My” and Snapchat's Snap Map, both of which are popular ways for users to see their friends' and loved ones' live locations.

Snap on Thursday filed a motion to dismiss a New Mexico lawsuit that alleged the tech company enabled child sexual exploitation on its messaging app Snapchat, arguing there were inaccuracies to the state's investigation.

Snap's stock (NYSE: SNAP) was down 6% on Tuesday, November 12, after a media report emerged stating that the Trump administration is expected to attempt to halt a possible U.S. ban on TikTok next year. [1] TikTok owner ByteDance was given a deadline of January 19, 2025 to find a new owner for its U.S. operations, outside of China, or face a ban.

Snap exceeded top and bottom line estimates for the third-quarter last week. The social media company reported solid Q3 earnings with all major platform metrics like revenue, users, ARPU and EBITDA developing in the right direction. Snapchat+ users exceeded 12M in the September quarter, doubling year-over-year.

Which of these social media giants has a brighter future?

The social media company is developing technology to make its platform more engaging.

Snap just delivered a strong set of quarterly financial results.

The company grew its revenue and reduced its losses.