Today’s Research Reports on Stocks to Watch: Snap and Facebook

NEW YORK, NY / ACCESSWIRE / February 6, 2018 / Snap shares closed higher in the green despite any big news. The company is expected to deliver Q4 results after the close. Shares of Facebook took a nose dive after it was revealed that the social media giant is allegedly violating a Seattle law.

RDI Initiates Coverage on:

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

Facebook, Inc.
https://rdinvesting.com/news/?ticker=FB

Snap Inc. shares closed up 1.02% on about 20.6 million shares traded on Monday. There was no particularly significant news from the company but it has been revealed in a TechCrunch article by Josh Constine that Snap is offering a way to mute specific people on its Snapchat app. The option gives users a way to mute people without blocking them formally. The feature is called “Do Not Disturb” and rolled out a few weeks ago. Snap is expected to release its fourth quarter results today after the market closes. The consensus by analysts is that the company will report revenue of $256 million. This would be an increase of 54% from the year ago quarter. It’s been a tough for the company as Facebook’s Instagram platform is copying some of Snapchat’s most popular features. The company missed third quarter earnings so many are looking forward to see how the fourth quarter treated the company.

Access RDI’s Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP

Facebook, Inc. shares closed down 4.74% on about 33 million shares traded yesterday. A report revealed that the social media giant may be violating a Seattle law that requires the company to show who pays for political advertising on its platform. According to Wayne Barnett, the executive director of the Seattle Ethics and Elections Commission, Facebook had failed to give adequate detail about its advertisers’ spending in the 2017 city elections. It was last year that the city of Seattle had a mayor’s race as well as two City Council contests. Facebook’s vice president for state and local public policy, Will Castleberry remarked, “Facebook is a strong supporter of transparency in political advertising. In response to a request from the Seattle Ethics and Elections Commission, we were able to provide relevant information.” Barnett however argues that a two-page spreadsheet, “doesn’t come close to meeting their public obligation.” He continued, “We gave Facebook ample time to comply with the law. I’ll be discussing our next steps this week with the city attorney’s office.” Facebook may face fines up to $5,000 per advertising buy over laws in the city.

Access RDI’s Facebook, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FB

Our Actionable Research on Snap Inc. (NYSE: SNAP) and Facebook, Inc. (NASDAQ: FB) can be downloaded free of charge at Research Driven Investing.

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