SNAP


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Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030

Retrieved on: 
Thursday, May 9, 2024

Snap also granted the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of notes.

Key Points: 
  • Snap also granted the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of notes.
  • On conversion, Snap will elect to settle the notes in cash, shares of Snap Class A common stock, or a combination of cash and shares of Snap Class A common stock.
  • In addition, Snap expects that some or all of the holders of its convertible senior notes due 2025 and/or convertible senior notes due 2026 that it repurchases may purchase shares of Snap Class A common stock in open market transactions or enter into or unwind various derivatives with respect to Snap Class A common stock to unwind hedge positions that they have with respect to their investment in its convertible senior notes due 2025 and/or convertible senior notes due 2026.
  • In connection with the issuance of Snap’s outstanding convertible senior notes due 2025, Snap entered into capped call transactions with certain financial institutions.

Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030

Retrieved on: 
Wednesday, May 8, 2024

Snap also intends to grant the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of notes.

Key Points: 
  • Snap also intends to grant the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of notes.
  • On conversion, Snap will elect to settle the notes in cash, shares of Snap Class A common stock, or a combination of cash and shares of Snap Class A common stock.
  • In addition, Snap expects that some or all of the holders of its convertible senior notes due 2025 and/or convertible senior notes due 2026 that it repurchases may purchase shares of Snap Class A common stock in open market transactions or enter into or unwind various derivatives with respect to Snap Class A common stock to unwind hedge positions that they have with respect to their investment in its convertible senior notes due 2025 and/or convertible senior notes due 2026.
  • In connection with the issuance of Snap’s outstanding convertible senior notes due 2025, Snap entered into capped call transactions with certain financial institutions.

CreatorIQ Announces Snap Inc. Partnership To Scale Global Creator Discovery Capabilities

Retrieved on: 
Thursday, May 2, 2024

LOS ANGELES and LONDON, May 2, 2024 /PRNewswire/ --CreatorIQ, the leading creator marketing platform trusted by enterprise brands and agencies around the world, today announced it is partnering with Snap Inc. to enable marketers to discover Snap creators, manage partnerships and measure results directly through the CreatorIQ platform. The partnership will be highlighted at today's CreatorIQ Connect Europe event on a panel with Snap Inc. and Snap Stars.

Key Points: 
  • The partnership will be highlighted at today's CreatorIQ Connect Europe event on a panel with Snap Inc. and Snap Stars.
  • As the chosen creator marketing platform for more than 1,200 global advertisers including Logitech, Ulta Beauty, and Unilever, CreatorIQ will bring immediate scale and unique demand to the Snapchat platform.
  • This partnership will enable CreatorIQ customers to streamline and optimize creator discovery, activation, and measurement, with the ability to generate incremental reach and engagement through cross-platform social strategies.
  • CreatorIQ's integration with Snapchat comes on top of enhanced AI-powered Creator Discovery capabilities to help marketers identify more, better, and safer creators to work with.

Snap Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024

We onboarded over 1,500 Snap Stars in Q1, which has helped generate quarter-over-quarter growth in Story posts, Spotlight posts, and Stories time spent for Snap Stars globally.

Key Points: 
  • We onboarded over 1,500 Snap Stars in Q1, which has helped generate quarter-over-quarter growth in Story posts, Spotlight posts, and Stories time spent for Snap Stars globally.
  • At the beginning of the first quarter of 2024, we updated the definition of MAU to include web platform use.
  • Incremental MAU from web platform use has not been material prior to this update or in the first quarter of 2024.
  • Note: For adjustments and additional information regarding the non-GAAP financial measures and other items discussed, please see “Non-GAAP Financial Measures,” “Reconciliation of GAAP to Non-GAAP Financial Measures,” and “Supplemental Financial Information and Business Metrics.”

Snap Inc. Announces Date of First Quarter 2024 Results Conference Call

Retrieved on: 
Thursday, April 4, 2024

Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss first quarter 2024 financial results on Thursday, April 25, 2024 at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time).

Key Points: 
  • Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss first quarter 2024 financial results on Thursday, April 25, 2024 at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time).
  • A live webcast and replay of the conference call will be accessible on Snap Inc.’s Investor Relations website for at least 90 days at: http://investor.snap.com .

Snap to Host 6th Annual Snap Partner Summit on September 17, 2024

Retrieved on: 
Tuesday, April 2, 2024

Snap Inc. (NYSE: SNAP) announced today that its 6th annual Snap Partner Summit will take place at the Barker Hangar in Santa Monica, California, on Tuesday, September 17, 2024.

Key Points: 
  • Snap Inc. (NYSE: SNAP) announced today that its 6th annual Snap Partner Summit will take place at the Barker Hangar in Santa Monica, California, on Tuesday, September 17, 2024.
  • Snap also announced that it will host its 7th annual Lens Fest on September 18 and 19, directly following the Snap Partner Summit, welcoming AR developers from around the world at Snap’s headquarters in Santa Monica.
  • “We can’t wait to host our partners and share some of the new products and services we’ve been working on,” said Evan Spiegel, CEO of Snap.
  • More details on SPS and Lens Fest to follow over the coming months.

IAS ANNOUNCES FIRST-TO-MARKET PARTNERSHIP WITH SNAP TO PROVIDE AI-DRIVEN BRAND SAFETY AND SUITABILITY MEASUREMENT FOR ADVERTISERS

Retrieved on: 
Tuesday, March 26, 2024

NEW YORK, March 26, 2024 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced a first-to-market partnership with Snap Inc. (NYSE: SNAP) to provide advertisers with increased transparency across their Snapchat campaigns through IAS's AI-driven Total Media Quality (TMQ) Brand Safety and Suitability Measurement product.

Key Points: 
  • NEW YORK, March 26, 2024 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced a first-to-market partnership with Snap Inc. (NYSE: SNAP) to provide advertisers with increased transparency across their Snapchat campaigns through IAS's AI-driven Total Media Quality (TMQ) Brand Safety and Suitability Measurement product.
  • "Snap is focused on developing ad offerings in a premium and safe content ecosystem, and our partnership will give advertisers actionable data to maximize their investment across Snapchat."
  • "We're thrilled to partner with IAS to offer Snapchat advertisers an additional layer of brand safety and suitability," said Patrick Harris, President of Americas at Snap.
  • IAS's post-bid Brand Safety and Suitability Measurement product will be available for campaigns on Snapchat later this year.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Snap Inc. - SNAP

Retrieved on: 
Thursday, March 7, 2024

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Snap Inc. (“Snap” or the “Company”) (NYSE: SNAP).

Key Points: 
  • NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Snap Inc. (“Snap” or the “Company”) (NYSE: SNAP).
  • The investigation concerns whether Snap and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On February 6, 2024, post-market, Snap issued a press release announcing its financial results for the quarter and full year ended December 31, 2023.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Snap Inc. - SNAP

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Snap Inc. (“Snap” or the “Company”) (NYSE: SNAP).

Key Points: 
  • NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Snap Inc. (“Snap” or the “Company”) (NYSE: SNAP).
  • The investigation concerns whether Snap and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On February 6, 2024, post-market, Snap issued a press release announcing its financial results for the quarter and full year ended December 31, 2023.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Snap Inc. (SNAP) stock tanks after reporting decelerating growth in DAUs - Hagens Berman

Retrieved on: 
Friday, February 23, 2024

SAN FRANCISCO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Snap Inc. (NYSE: SNAP) investors who suffered losses in excess of $250,000 to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Snap Inc. (NYSE: SNAP) investors who suffered losses in excess of $250,000 to submit your losses now .
  • “We’re focused on investors’ losses and whether Snap may have misled investors about its ability to capture increased ad spending,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
  • Quarterly revenues came in at about $1.36 billion, just a 5% year-over-year increase and missing analysts’ consensus.
  • While the company said that its daily active user base grew 10% year-over-year to 414 million, that rate decelerated from prior quarters.