From Financial Modeling Prep: 2024-12-19 12:12:45

Snapchat, listed on the NYSE as SNAP, is expanding its revenue-sharing program to offer top creators more ways to earn money. This move is designed to boost monetization options, potentially increasing both earnings and engagement for creators on the platform. By enhancing these opportunities, Snapchat aims to strengthen its position in the competitive social media landscape.

The current stock price of SNAP is $11.37, marking a 1.29% increase or $0.15. This reflects investor optimism, possibly influenced by the new revenue-sharing initiative. The stock has fluctuated today, trading between $11.14 and $11.57, indicating active market interest.

Over the past year, SNAP’s stock has seen a high of $17.75 and a low of $8.29. This range highlights the volatility in the stock, which could be impacted by changes in company strategies like the recent monetization efforts. The company’s market capitalization is approximately $19.06 billion, reflecting its substantial presence in the market.

Today’s trading volume for SNAP is 8,770,362 shares on the NYSE. This high volume suggests significant investor activity, possibly driven by the announcement of the expanded revenue-sharing program. Such initiatives can influence investor sentiment and trading behavior.



Read more at Financial Modeling Prep:: Snapchat Expands Revenue-Sharing Program to Boost …