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Morning Brief Host Julie Hyman and Yahoo Finance Senior Reporter Brooke DiPalma chat with Interactive Brokers chief strategist Steve Sosnick about Snap Inc's (SNAP) new SPECS augmented reality (AR) glasses that currently have a price tag of $2,195.
Investing.com -- Snap Inc. (NYSE:SNAP) shares suffered a brutal 9.6% drubbing Tuesday, marking its worst single-day collapse since March, after CEO Evan Spiegel asked investors to buy into a future where consumers willingly strap a thick, chunky, $2,195 computer to their faces. Spiegel debuted "SPECS"—the company’s first standalone augmented reality glasses—at the Augmented World Expo in California, framing them as the post-smartphone "computer of the future." Wall Street, however, looked at the
Specs marks Snap's latest hardware push as Spiegel targets early adopters, developers, and enterprise demand.
US stocks look set for a cautious start on Wednesday as investors await the first Federal Reserve interest rate decision under new chair Kevin Warsh, with the focus less on the immediate policy outcome and more on the route forward. Futures point to a flat open for the Dow Jones and S&P...
Snap Inc. (NYSE:SNAP) is one of the 10 Best Stocks to Buy Under $10. On June 10, Snap Inc. (NYSE:SNAP) announced that it is making changes to its platform that will limit content sharing for users aged 13-15 to friends only. According to its statement, the company will launch dedicated profiles for users under 16 […]
CEO Evan Spiegel took a jab at Meta, saying "those copycats up north" won't be able to replicate Specs, citing Snap's portfolio of over 7,000 patents.
On June 16, 2026, investors weighed Snap’s pricey new AR glasses against its long-term hardware ambitions and activist pressure.
Snap Inc. has officially opened preorders for Specs, a pair of standalone augmented reality glasses that blend digital content with the real world without requiring a smartphone.
AI Wearables Boom Sends Qualcomm Stock Higher
Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist investor demands to shut down or spin off the cash-burning unit behind the device. The launch comes months after Irenic Capital Management pushed Snap to consider options for Specs as part of a series of changes that the activist investor said could boost the social media company's worth by at least five times. Irenic has argued Specs should be funded on its own, noting Snap has already spent more than $3.5 billion on the unit.
Robinhood Markets stock was gaining early Tuesday after the trading platform said it would cut around a tenth of its employees. Robinhood said it would cut about 10% of its full-time employees and close a small number of open roles. Its shares were up 3.4% in premarket trading.
Recent Performance Snapshot for Snap stock With no single event driving Snap (SNAP) into focus today, attention turns to how the stock has been trading recently and what its latest financial figures might mean for different types of investors. Over the past day Snap returned 8.56%, with gains of 1.06% over the past week and 3.26% over the past month. Across the past 3 months, the stock returned 22.80%, while year to date it is down 29.77% and the 1 year total return is down 30.96%. Longer...
↗️ SpaceX (SPCX): Shares of Elon Musk’s rocket company are poised for another day of gains, following a two-day rally that pushed the stock up about 43% from its IPO price. Shares advanced 9% premarket.
A number of stocks jumped in the afternoon session after oil prices and yields fell as the Trump Administration announced a new peace deal that would lead to the reopening of the Strait of Hormuz. Consumer internet companies are priced on future earnings.
Shares of social network Snapchat (NYSE: SNAP) jumped 6.8% in the afternoon session after S&P Global Ratings upgraded the company's debt and it acquired augmented reality (AR) firm Illumix, boosting confidence in its financial health and future strategy.
Snap (NYSE:SNAP) has agreed to acquire augmented reality company Illumix, adding new AR technology and talent to its platform. S&P Global Ratings recently upgraded Snap's debt, citing changes in the company's credit profile. Together, the Illumix deal and the debt upgrade point to a shift in how Snap is positioning itself across both product and financing decisions. Snap runs Snapchat, an advertising driven social media and messaging platform, and has been investing in augmented reality...
Government proposes broader online safety restrictions for children
(Bloomberg) -- Prime Minister Keir Starmer announced what he described as a “full ban” on children using social media, one of the strictest online crackdowns in the democratic world and going beyond limits imposed by Australia last year.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s B
The latest trading day saw Snap (SNAP) settling at $5.26, representing a -1.31% change from its previous close.
Section 230 protects tech platforms like Meta's Facebook and Google's YouTube from liability for user content. A horde of lawsuits could change that.
Reddit is seeing rapid international growth in revenues, users, and ARPU, aided by localization efforts and expanding advertising capabilities.
For much of the past month, Wall Street has been chanting the same three letters: SPCX, the Nasdaq ticker SpaceX intends to use when it begins trading on June 12, 2026. Retail investors have piled into the Destiny Tech100 vehicle, prediction markets have lit up, and r/wallstreetbets has turned a single post titled “$8 to ... SpaceX IPOs on Friday. The 55% rule says don’t chase it.
The law would likely apply to American tech companies like Meta and Snapchat, but would have exemptions if safety requirements are met.
Snap (SNAP) closed the most recent trading day at $5.38, moving 3.76% from the previous trading session.
Consumer internet businesses are redefining how people engage with the world by giving them instant connectivity and convenience. This influence cuts both ways though because they have high exposure to the ups and downs of consumer spending, and the market seems to believe the tide is turning in the wrong direction - over the past six months, the industry has tumbled by 19.3%. This performance is a noticeable divergence from the S&P 500’s 7.5% return.
The app used eye-tracking and a brand equity framework to determine how its user base responded to branded Commercials on Snapchat.
Russian agencies reportedly asked law enforcement to lift Roblox restrictions after the company pledged compliance with local laws.
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