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Fly News Breaks for March 20, 2017
Mar 20, 2017 | 08:39 EDT
Monness Crespi analyst James Cakmak initiated Snap with a Buy and a $25 price target.
News For SNAP From the Last 2 Days
Oct 18, 2017 | 13:04 EDT
Discovery (DISCA) Communications' Eurosport and Snap (SNAP) reached a strategic advertising and content agreement that will deliver a new partnership for the Olympic Winter Games in PyeongChang 2018, bringing Snapchatters across Europe Olympic Games action through several types of professionally curated content on Snap's Discover platform. This partnership marks the first time that Snap has committed to a European, multi-language deal for covering the Olympics, offering unique opportunities for more brands to engage a younger generation of fans through a fresh, mobile-first look at the Games. This will include behind-the-scenes action from exciting Olympic events such as snowboarding, downhill and freestyle skiing and ice hockey as well as relevant content from the athletes and influencers that fans want to connect with. The original content accessible through Our Stories will be Olympic Games Snaps created by a dedicated team of editors at Snapchat, combined with Eurosport's premium Olympic Games footage, which will capture every minute of the Games action on its fast-growing streaming service, Eurosport Player.
Oct 18, 2017 | 10:21 EDT
Snapchat options volume heavy on 4K November rev/cons. Shares off 1% near $15.90 with a notable nondirectional trade on the CBOE where the Nov 20 synthetic traded 6c under, 4000x vs 400K shares. Implies a borrow cost near 6% for the 30day term.
Oct 16, 2017 | 09:04 EDT
United American Corp announced that on October 12, it issued cease and desist notices to Facebook (FB) and Instagram related to their respective geolocation-based image overlays which it asserts infringes on UnitedCorp's iFramed technology. The iFramed Patent and Patent Application which was allowed by the US Patent Trademark Office on October 3, is directed to the implementation of a dedicated mobile content sharing application that can acquire and share new user images or videos, but also gives users the ability to select between distinct locally sourced external content items based on their location to be integrated within their own content before sharing. A Canadian patent for iFramed was issued on June 14, 2016 and the technology is patent pending in several international jurisdictions including Japan, Australia, China, India and throughout Europe. Both Facebook "Frames" and Instagram "Geostickers" provide users with image overlays which are based on the user's geolocations. Users can then post their content to their respective social media accounts. "Frames" and "Geostickers" features are a direct infringement of iFramed intellectual property. The action follows similar cease and desist notices issued to Snap Inc. (SNAP) on October 3 regarding Snap's use of geo-location based filters which it markets as "Geofilters" and to certain clients of Snap which use its Geofilters.
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