Snap Inc
Company Profile
Business description
Snap is a technology company best known for its marquis social media application Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app’s revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap’s overall sales.
Contact
3000 31st Street
Santa MonicaCA90405
USAT: +1 310 399-3339
Sector
Communication Services
Stock type
Sensitive
Industry
Internet Content & Information
Fiscal Year End
31 December 2024
Employees
5,289
Morningstar Investment Ideas
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