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Snap (SNAP) is a technology company whose portfolio features four titles: Zenly, Bitmoji, Spectacles and Snapchat. The key area of Snap’s operations is camera apps development. Its flagship product, Snapchat, is a multimedia (image and video) messaging app that’s become very popular in Europe and North America. Its chief characteristic is that pictures and messages are only available for a short period of time before they become inaccessible.
On its website, the company declares: “We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.”
Snap’s corporate headquarters are in Venice, Los Angeles, in the US state of California. However, the company has also established an international HQ in Soho, London – a move seen as a boost for the UK capital’s reputation as a creative industry hub. In total, Snap has over 3,000 employees.
As of March 2020, both Snap Inc. founders Evan Spiegel and Bobby Murphy owned a combined 95.8 per cent of voting power. In March 2020 the company had a market capitalisation of around $19.36bn.
Snap was founded in 2011 and quickly became a prominent player in the industry. The company refused offers of acquisition – including from Facebook chief Mark Zuckerberg – and instead completed several acquisitions of its own. In 2014 Snap acquired software company AddLive; in 2015 the company bought Looksery; and the following year it added Bitstrips to its portfolio.
In 2017, Snap went public and achieved a market capitalisation of around $30 billion on its first trading day. Snap inc. stock price is set and traded on the New York Stock Exchange (NYSE) under the ticker symbol SNAP.
In its full-year 2019 earnings results, Snap reported a revenue of $1,715,534, which is up 45 per cent from $1,180,446 the previous year. In 2019 the company added 31 million daily active users and saw increased engagement metrics across the key metrics. In 2020 Snap continues to invest in Discover platform, augmented reality and camera platforms. On average, 75 per cent of the Snap community engages with augmented reality every day.
The Snap stock price has reached its all-time high of 27.09 on March 03, 2017. To find out the Snap share price in real time, follow Capital.com. Our SNAP chart puts all the information at your fingertips. Check out Capital.com for the latest Snap Inc. stock price today.
