Snap stock google9/10/2023 That is effectively a lack of massive first-party data, which is what you need to be successful in this business.” As Truist Securities analyst Youssef Squali told the Wall Street Journal, “This shows the Achilles’ heel in Snap’s model. Meanwhile, one analyst pointed out that Snap’s lack of first party data is a fundamental weakness. It is still not clear what the longer term impact of the iOS platform changes may be, and this may not be clear until at least several months or more after the ecosystem stabilizes and advertisers are able to fully implement the new solutions we are developing.” It will take time for Snap to develop new solutions to help advertisers target ads and it is unclear whether those new solutions will work as well as those available from competitors - most notably Apple.Īs Snap CFO Derek Andersen said in an October 21 webcast, “(W)e still expect these headwinds to continue to impact our business throughout Q4 as the adoption of new measurement solutions will take time. That is reflected in its disappointing guidance - in the range of $1.165 billion to $1.205 billion - far short of the $1.36 billion projected on average by analysts. It does not appear that Snap has any immediate solutions for these problems. The Fed could raise interest rates to crimp inflationary expectations which would make it more likely that consumers default on buy now pay later and other loans - thus reducing their credit ratings and spending power.People spending more time indoors will increase the spread of Covid-19 and could lead to the emergence of a more infectious mutant strain that is resistant to current vaccines.The number of people in the workforce to manufacture holiday goods and provide services - such as restaurants, entertainment, and so on - will drop as vaccine mandates reduce the size of an already stretched workforce.A broader spike in inflation and the absence of significant salary increases will crimp family budgets - resulting in cutbacks on holiday shopping.
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