(SNAP) : Free Stock Analysis ReportĪirbnb, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Īirbnb shares are down 31.8% on a year-to-date basis. Snap has a Zacks Rank #3 (Hold), currently.Ī better-ranked stock in the Computer & Technology sector is Airbnb ABNB, with a Zacks Rank #2 (Buy). The daily average number of Snapchatters aged 25 and older, engaging with shows and publisher content, increased more than 40% year over year. Total time spent watching Spotlight content grew 59% year over year. Snap added 54 million DAU on a year-over-year basis. In the second quarter, daily active users (DAU) were 347 million, up 18.4% year over year. However, Snap’s popularity among Millennials and Gen Z remained strong. While Snap shares have dropped 78.1% year to date, Meta Platforms and Twitter declined 52.7% and 7.3% over the same time frame.Īpart from stiff competition, Snap has been facing headwinds related to declining advertiser spending on the backdrop of supply-chain disruptions, labor shortages, and rising costs amid record inflation. Snap shares have underperformed the Zacks Computer & Technology sector as well as its peers Meta Platform and Twitter year to date. Story continues What Awaits Snap in the Rest of 2022? The game uses surface recognition and world-scan technology to seamlessly weave AR ghosts into the players’ real-world environment, prompting Snapchatters to collect phantom energy. In July end, Snap introduced Ghost Phone, a thrilling AR game built using Lens Studio and web-first game engine, Playcanvas. This feature will remove the need for images to be photographed and rendered in a physical studio and also allows the AR creators to create millions of easily fabricated digital assets. It recently submitted research papers, briefing how the AR will convert simple photos and videos into digitalized assets that can be moved to any environment. Snap has also been investing heavily in its augmented reality (AR) technology. Snapchat+, which is available in 25 countries, has gained more than one million subscribers in just six weeks. The company is also benefiting from the strong adoption of its premium subscription service Snapchat+, which offers priority story replies to snap stars, new backgrounds and customized app icons. Nevertheless, the latest camera enhancements are expected to boost user engagement as well as improve Snap’s competitive prowess. However, Snapchat is facing stiff competition from Meta Platform’s Instagram, which has already announced the dual camera feature on its platform a few weeks back. Snapchat reaches 75% of 13-34 year-olds in the United States, making it a larger platform than Meta Platform’s META Facebook and Instagram as well as Twitter TWTR. Snapchat has been one of the trendiest social media applications among millennials & Gen Z, driven by its offerings like disappearing messages, AR lenses and filters. Snapchat Gaining Traction Among Millennials & Gen Z The picture-in-picture layout shows the front (rear) view in a circular form which is pasted on top of the rear (front) view camera, while the cutout layout allows users to erase the background of the front image and paste it on the rear-view image. The vertical layout divides the screen into two parts again but from the vertical center with the left side capturing the rear view and the right side capturing the front view or vice-versa. The horizontal layout divides the screen into two parts from the horizontal center with the upper one capturing the rear view and the lower one capturing the front view or vice-versa. It also allows Snapchat users to add creative tools like music, stickers and lenses. This feature offers four layouts, namely horizontal, vertical, picture-in-picture and cutout. The dual camera can capture multiple perspectives and themes simultaneously. Snap SNAP is enhancing its camera features with the recently introduced dual camera on Snapchat for iOS users.
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