BUZ INVESTORS Snap Ups the Ante (NYSE:SNAP) has had enough of Facebook Inc (NASDAQ:FB) building its clones over and over again. Following last week’s introduction by Facebook of new “
Market Trends

$Snap Ups the Ante Against Facebook Stock

Snap Stock Gains from the Launch of New Feature

BUZ INVESTORS Snap Ups the Ante <span data-recalc-dims=(NYSE:SNAP) has had enough of Facebook Inc (NASDAQ:FB) building its clones over and over again. Following last week’s introduction by Facebook of new “" width="300" height="182" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/04/snap-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/04/snap-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/04/snap-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS Snap Ups the Ante   (NYSE:SNAP) has had enough of Facebook Inc (NASDAQ:FB) building its clones over and over again. Following last week’s introduction by Facebook of new “Snapchat” features across its apps, Facebook stock had gained and Snap stock had gotten hit. But as we said earlier, Snap Inc needed to launch some new feature or product soon to reassure investors that its success was not just a flash in the pan. And the “camera company” did so on Friday by announcing a search tool for its “Stories” feature. Investors seemed to like it; Snap shares ended Friday’s session with a gain of 1.4%, closing at $22.53.



OTHER STORIES BUZ TRADERS FOLLOW

READ  Pandora Stock: Pandora Media Inc Needs a Revamp

READ  Tillerson: China agrees on 'action' on North Korea as navy strike group sails

READ  After-hours buzz: AA, ESRX, WHR & more

Snap Ups the Ante

Snap Inc has introduced a search tool for its most talked about Stories feature. This is to make content easily accessible to more users and thereby grab more eyeballs and engagement time. Using machine learning to analyze information in its myriad posts full of data and pictures, the new search tool shows information to users about the scene at a nearby bar or a local basketball game. Until now, there was no option for users to do this as they only saw the curated features of Stories from the people they followed or whatever Snapchat showed them. (Source: “Snapchat Launches New Search Tool in Quest for More Engagement,” The Wall Street Journal, March 31, 2017.)

Snap Inc Needs to Be More Agile

Facebook copied Snapchat Stories for its subsidiary, “Instagram,” and the impact was for all to see. Since its launch, the numbers for “Instagram Stories” have been swelling, whereas the growth of Snap users has almost stalled. This has been a major reason for the pessimism surrounding Snap stock and the optimism related to Facebook stock. The fact that Facebook owns hardware businesses and messaging apps as well does not do anything good to Snap Inc’s cause.

Snap Stock Suffers from Lack of Clarity

It has been exactly a month since Snap Inc debuted on NYSE and the initial euphoria seems to have died down. Evan Spiegel has a lot of challenges going ahead as Snap stock investors expect a lot more from the social network than just being the best camera company.

As mentioned earlier, Snap Inc needs to keep working on introducing new products and features that keep its innovative momentum going.

 


Ebates Coupons and Cash Back

Market quotes are powered by
TradingView.com



Tech Stocks ( GOOG)   (MSFT ) ( AAPL ) (BBRY ) ( gopro )  ( WDC )




Click here for reuse options!
Copyright 2017 Investors Buz
Jadtecnic
Richard Dambrosi (JADTECNIC) Has Been Sharing Forex Analysis Trending Markets News since 2011. Editors and Founder of InvestorsBuz.com , has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars , Electric Cars, Medical Marijuana , 3d printing and Cloud computing , Refers to Readers as BUZ INVESTORS.

Leave a Reply