![]() ![]() “The phone number associated with the account was compromised due to a security oversight by the mobile provider,” Twitter’s communications team stated. SIM swapping refers to someone convincing a mobile carrier to switch an existing number to a new SIM card they control. In the wake of the news, Twitter has pushed some of the blame onto the mobile provider, suggesting that Dorsey fell victim to SIM swapping. If a hacker can breach a company executive’s account, can they breach President Trump’s? While Trump stated on August 30 that a cyber attack targeting his Twitter account “shouldn’t be too bad”, Wall Street isn’t so sure. The sounding of alarm bells among investors comes from new questions as to the company’s ability to protect high-profile accounts. Investors have not been happy since the August 30 news of the hacking, sending TWTR shares falling almost 2%. As a result, he upgraded the rating to a Buy and raised the price target from $18 to $20, implying 26% upside potential. “Gaming provides SNAP a credible vector of incremental growth, naturally fitting with the platform’s differentiated appeal to younger cohorts looking for innovative digital experiences to extend real-world relationships,” the analyst explained. 6-second ads are displayed in the game, with the company planning to add other forms of monetization such as in-app purchases in the future. Management expects the game to drive an increase in the amount of time users spend on the app as well as revenue growth from ads. The game is actually a collection of mini-games that was designed to be a multi-player experience, according to Will Wu, Snap’s director of product and the lead on the gaming initiative. The game was developed after its January acquisition of the game studio behind Fruit Ninja and Jetpack Joyride, Prettygreat. The transition into this area began in 2017 after gaming giant Tencent ( TCEHY) bought 12% or 146 million of Snap’s shares.īack in April, Snap announced the release of its game, Bitmoji Party. It scored a ratings and price target boost from Evercore ISI analyst Kevin Rippey thanks to its foray into the gaming space. The social media platform which is already up 189% year-to-date, has just convinced another analyst to get on board. The Company’s advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters.With this mind, we wanted to take a closer look to see which social media stock analysts say will come out on top. It also offers Spectacles, its sunglasses that make Snap. Memories enable users to create Snaps and stories from their saved snaps, as well as their camera roll. Its chat services includes creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of stickers and Bitmojis. It offers a range of creative tools that enables people to personalize and add content to their Snaps. Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. The Company provides Camera, Friends Page, Discover, Snap Map, Memories and Spectacles. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. ![]()
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