GBA Presents: RADIO SAVANT-!

Nothing good is happening at SNAP.

Snap to pay $35M to settle privacy lawsuit in Illinois, Chicago Tribune says 16:38
SNAP


Illinois Snapchat users could receive payouts of between $58 and $117 in a class-action privacy settlement reached this month by Snap Inc., the Chicago Tribune's Talia Soglin reported yesterday. The suit claims lenses and filters on the platform collect and store users' biometric data without their informed consent in violation of the state's biometric privacy law, which is among the strictest in the nation, the author notes. Illinois residents who have users such features on Snapchat since November 17, 2015 could be eligible for a piece of the $35M settlement, Soglin says.Reference Link

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Monday

Snap price target lowered to $19 from $26 at Loop Capital 09:14
SNAP
Loop Capital analyst Alan Gould lowered the firm's price target on Snap to $19 from $26 and keeps a Buy rating on the shares as part of a broader research note updating estimates for digital advertising platform names. The analyst notes that the advertising activity has been "somewhat mixed" during the summer doldrums, with many online consumer businesses that boomed during COVID now "comping negative". Sanderson further contends that the monetization ramp at TikTok is having some cannibalization effect on other social media platforms, including Meta and Snapchat.
 
$9.00---------> $83.00 52 week range-! OWCH.

I am going off what my son is going through at college. SNAP IS VERY POPULAR.

I think SNAP is an attractive take over target.

GBA UPGRADE FOR NO GOOD REASON: SNAP TO " NOT HATE " @ $11.20
 
Opinion:The stock market in all likelihood has entered a new bull phase — so you’ll want to own these five stocks, QTRX, TOAST, NKE, ESTC, GDYN.....
Published: Aug. 25, 2022 at 2:36 p.m. ET
 
stonedinvestor said:
Opinion:The stock market in all likelihood has entered a new bull phase — so you’ll want to own these five stocks, QTRX, TOAST, NKE, ESTC, GDYN.....
Published: Aug. 25, 2022 at 2:36 p.m. ET
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$53 :sneaky:

EDIT: Oops.... it was $53 when I wrote my post earlier.
$54 and change now.
~:wtf:
 
vanzandt said:
STONEY!!!!

I'm calling a bottom on some of these chip stocks.
Look at Marvel.
That's a great company AND they make money.
Not only that, they make the high dollar chips like NVDA does.
Not the commoditized crap.
They had a great report. 40% yoy comps, raised guidance.
Pfff... you know why its down?
Your boy Cramer's handlers want to get in and so he is telling his investment club to hold off.

Well Stoney, the readers know you and I are better than ol Jimbo, albeit he too knows its an outstanding company.

MRVL is a GBA "top pick" for Q4 2022.

MRVL>>>> $53


Marvell Technology Inc (NASDAQ:MRVL) shares are trading lower in Thursday's after-hours session after the company reported financial results for the second quarter.

Marvell said fiscal second-quarter revenue grew by 41% year-over-year to $1.517 billion, which came in slightly below average analyst estimates of $1.52 billion.. The company reported quarterly earnings of 57 cents per share, which beat average analyst estimates of 56 cents per share.

"Looking ahead, we expect sequential revenue growth to accelerate in the fourth quarter as supply constraints begin to ease," said Matt Murphy, president and CEO of Marvell Technology.

Marvell expects third-quarter revenue to be $1.56 billion, plus or minus 3%. The company expects third-quarter earnings to be between 56 cents and 62 cents per share versus the estimate of 60 cents per share.

_____________________

Oh they missed revenue.
1.517B vs. $1.52B expected.
Well that explains everything now. :rolleyes:

What is that, like $3M dollars lol?
OMG!!!! Sell sell sell.
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MARVELOUS!
 
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