Snap Inc A Profile
Snap Inc. (SNAP.xnys) is an American camera and social media company headquartered in California, the United States. Snap Inc. developed and maintains technological products and services, namely Snapchat, Spectacles, and Bitmoji. In the second quarter of 2021, Snap Inc. had a 19% increase in its daily active users, raising 238M to 293M users. The company has 3863 employees and 25 offices in 15 different countries. Snap Inc stock (SNAP.xnys) is traded on the New York Stock Exchange (NYSE), has a $113.78B (USD) market cap and $2.5B (USD) in 2020 revenue. In December 2020, Google announced its decision to choose Saudi Arabia through the Saudi Arabian Oil Co (Aramco) as its new Google Cloud region, where Snapchat data will be stored. NGO Access Now and the Canadian public interest technology law clinic (CIPPIC) claimed that placing the personal information of millions of Snapchat users in a country where is present a record of human rights violations and longstanding surveillance accusations would put it under the jurisdiction of the government of Saudi Arabia, jeopardising the security of the data. On October 26th 2021, Snap Inc. was questioned by the Senate Commerce Committee over child safety in a “Protecting Kids Online: Snapchat, TikTok, and YouTube” hearing, facing license withdrawals. Snapchat users account for 90% of 13 to 24-year-olds in the United States.
October 2021, 26th:
The U.S Senate Committee on Commerce, Science and Transportation questioned Snap Inc and other digital lenders over child safety protocols in the “Protecting Kids Online: Snapchat, TikTok, and YouTube” hearing.
Snap Inc. (SNAP.xnys): trading hours with FP Markets / 16:30 - 23:00
Snap Inc. (SNAP.xnys): Trade a Contract for Difference (CFD) on SNAP.xnys and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.
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