Entering text into the input field will update the search result below

Snap lives up to its name as shares snap back in a huge way on upbeat earnings

Snapchat Parent Snap Begins Trading On New York Stock Exchange

Drew Angerer/Getty Images News

Snap (NYSE:SNAP) snapped back from a day of losses, Thursday, as the social-media company's shares surged more than 50% in after-hours trading following a quarterly report that blew away Wall Street analysts' estimates.

Snap (SNAP) said

Recommended For You

Comments (29)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

A serious question, so SNAP is not being affected by the privacy updates? New to this advertising space . Thanks !
04 Feb. 2022
@Kyle_G It looks like they've found a better way than the others in the space to circumnavigate the IOS ad troubles.
kickered profile picture
Still an absolute garbage of a company......Instagram took their wicket.
bubbleking profile picture
goes to show that FB taking the market down like some sort of bellwether is nonsense.
charly333 profile picture
@bubbleking stock reacting like mad to FB and earnings shows the risks involved in holding it. Trading like a small cap. Anyway here around 36 I find it super expensive.
limitlist profile picture
Trying too hard with the captions lol!
buckiowa profile picture
Markets intervenants make no sense anymore … there was a time when you could trade variance swap on stocks … prices are now meaningless on too many assets. No company should loose 25% on no news to be bid up after hours 50% on just an earning beat which does not imply a total transformation of the business. ABSURDITY
Trade17 profile picture
@Amstragram short covering man and other funds looking to kill the shorts. I’m selling first thing at open
Opu profile picture
03 Feb. 2022
@Trade17 I doubt if it is short covering.. the SI is not too high. SA says 4% - if that info is not correct, I donno how that could cause 50%+ increase in share price. Everyone buying, no sellers could do this. But then, in regular session, this could quickly fade.
Bought more yesterday when it tanked after market :)
SNAP is the reason why FB dropped.
@Stoks4Life04 Moms are on FB, the upcoming generation is on Snap.
Insouciant Investor profile picture
Jesus look at the volatility on this mofo. This market is crazy. Up 50% in AH.

Must be due to crazy options activity and/or shorting.
@123098567432 ended up 60% :)
wow look at the chart, time to sell this rip.
EverydayJoeSchmo profile picture
Facebook bunch of amateurs.
Not a SNAP holder, but down 24% in regular session to up 55% in AH is just wild stuff.
Is SNAP actually taking marketshare from META?
Nickthetree profile picture
@Soto1 our teenagers use SNAP but never wanted to have anything to do with FB. Instagram still strong IMO along with TikTok.
PDXGuy profile picture
Short squeeze
@PDXGuy I hope so
What a Snap back. Oh man!
TRADED AT 11.4 2022 PS , COME ON ?
snap back to reality! oh there goes gravity! 🙌
InvestmentFreak profile picture
SNAP will surpass META with regards to market cap sooner rather than later!
@InvestmentFreak Long ways to go, but I certainly hope so!
@InvestmentFreak it will not only surpass but will dwarf it
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.