Snapchat CEO Announces Exit From Web3 Sighting Financial Difficulties
Chief Executive Officer of Snap Inc. Evan Spiegel has announced that the firm is pulling out of all its investments in Web3 technology, citing financial difficulties at the moment
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Camera app monetisation and AR hardware.
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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.
Snap websiteDaily open, high, low and close with volume.
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Computed daily from SNAP's own price history — not third-party ratings. Technical analysis describes past price behaviour; it is information, not investment advice.
Based on SNAP's high/low over the same history as the chart above.
Quarterly highlights and original SEC reports
Verified annual USD facts from SEC filings. Collected .
| Annual period | Revenue | Cash capex | Productive asset purchases | Operating cash flow | Free cash flow | R&D | R&D / revenue |
|---|---|---|---|---|---|---|---|
| to | $5.93 billion | $218.98 million | Not available | $656.17 million | $437.19 million | $1.79 billion | 30.2% |
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RevenueFromContractWithCustomerExcludingAssessedTax · 10-K filed · accession 0001564408-26-000013
NetCashProvidedByUsedInOperatingActivities · 10-K filed · accession 0001564408-26-000013
PaymentsToAcquirePropertyPlantAndEquipment · 10-K filed · accession 0001564408-26-000013
ResearchAndDevelopmentExpense · 10-K filed · accession 0001564408-26-000013
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| to | $5.36 billion | $194.83 million | Not available | $413.48 million | $218.65 million | $1.69 billion | 31.6% |
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RevenueFromContractWithCustomerExcludingAssessedTax · 10-K filed · accession 0001564408-26-000013
NetCashProvidedByUsedInOperatingActivities · 10-K filed · accession 0001564408-26-000013
PaymentsToAcquirePropertyPlantAndEquipment · 10-K filed · accession 0001564408-26-000013
ResearchAndDevelopmentExpense · 10-K filed · accession 0001564408-26-000013
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| to | $4.61 billion | $211.73 million | Not available | $246.52 million | $34.79 million | $1.91 billion | 41.5% |
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RevenueFromContractWithCustomerExcludingAssessedTax · 10-K filed · accession 0001564408-26-000013
NetCashProvidedByUsedInOperatingActivities · 10-K filed · accession 0001564408-26-000013
PaymentsToAcquirePropertyPlantAndEquipment · 10-K filed · accession 0001564408-26-000013
ResearchAndDevelopmentExpense · 10-K filed · accession 0001564408-26-000013
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| to | $4.6 billion | $129.31 million | Not available | $184.61 million | $55.31 million | $2.11 billion | 45.8% |
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RevenueFromContractWithCustomerExcludingAssessedTax · 10-K filed · accession 0001564408-25-000019
NetCashProvidedByUsedInOperatingActivities · 10-K filed · accession 0001564408-25-000019
PaymentsToAcquirePropertyPlantAndEquipment · 10-K filed · accession 0001564408-25-000019
ResearchAndDevelopmentExpense · 10-K filed · accession 0001564408-25-000019
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Source: the SEC Company Facts API, using standard US GAAP facts in USD from annual 10-K, 20-F or 40-F filings and amendments. Periods must span 300-400 days. Quarterly and year-to-date values are not presented as annual totals.
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| Company | Latest close | Revenue growth (YoY) | Net margin (TTM) | P/E (TTM) | P/S (TTM) |
|---|---|---|---|---|---|
| Snap (SNAP) | $6.10 | — | — | — | — |
| Meta Platforms (META) | $737.54 | — | — | — | — |
| Pinterest (PINS) | $21.76 | — | — | — | — |
| Apple (AAPL) | $342.96 | — | — | — | — |
| Alphabet (GOOGL) | $347.64 | — | — | — | — |
| Amazon (AMZN) | $254.08 | — | — | — | — |
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Market-moving headlines mentioning Snap.
Chief Executive Officer of Snap Inc. Evan Spiegel has announced that the firm is pulling out of all its investments in Web3 technology, citing financial difficulties at the moment
Snap (SNAP) last closed at $6.10 on October 14, 2026. Quotes are delayed at least 15 minutes.
Over the past 52 weeks SNAP has traded between $3.81 and $9.13.
Snap has a market capitalisation of about $10.98 billion.
SNAP trades on NYSE, in the Services-Computer Programming, Data Processing, Etc. industry.
Blockchain.News publishes SNAP coverage and price forecasts on this page, with 2 stories filed so far. This is information, not investment advice.
SNAP's 14-day relative strength index (RSI) is 58.4, which is neutral on the standard 30/70 scale. RSI measures the speed of recent price moves, not a price target — this is not investment advice.
SNAP's 50-day moving average is currently below its 200-day moving average — a Death Cross (bearish long-term trend) in classic technical-analysis terms. Moving-average crossovers describe past price behaviour, not a forecast.
Coverage is for information only and is not investment advice. Stock prices can move quickly and past performance does not guarantee future results.
Quotes are delayed at least 15 minutes. Last updated .