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MarketScreener Homepage  >  Equities  >  Nyse  >  Snap Inc.    SNAP

SNAP INC.

(SNAP)
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Facebook's Zuckerberg to review content policies after backlash

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06/06/2020 | 03:54pm EDT

BROADCAST AND DIGITAL RESTRICTIONS~**

Broadcasters: NONE Digital: *NONE*~

Facebook CEO Mark Zuckerberg appears to be softening his stance when it comes to changing the social media giant's policies that allowed controversial posts to remain on the platform made by President Trump, which some critics said fueled the fans of racial tensions during a time of great civil unrest.

Without offering any specifics, Zuckerberg in a Facebook post on Friday, made a partial concession. writing: "We're going to review our policies allowing discussion and threats of state use of force to see if there are any amendments we should adopt," adding, "We're going to review potential options for handling violating or partially-violating content aside from the binary leave-it-up or take-it-down decisions."

Zuckerberg has been feeling the heat from critics and backlash from employees after he defended a decision to leave up a Facebook post from Trump containing the message "when the looting starts, the shooting starts." Many saw the post as a threat and a throwback to state-sanctioned violence against protesters during the civil rights era.

The pressure only intensified as other social media companies like Twitter and Snapchat took steps this week to rein in Trump posts that were false, misleading or appeared to incite violence against protestors.

Demonstrators have been flooding the streets for two weeks, often breaking city and state curfews to protest violent policing after video footage captured a black man, George Floyd, dying after a now former police officer held his knee against Floyd's neck for nearly 9 minutes.

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Financials (USD)
Sales 2020 2 109 M - -
Net income 2020 -1 034 M - -
Net cash 2020 1 307 M - -
P/E ratio 2020 -33,0x
Yield 2020 -
Capitalization 34 286 M 34 286 M -
EV / Sales 2019
EV / Sales 2020 15,6x
Nbr of Employees 3 195
Free-Float 60,7%
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Technical analysis trends SNAP INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 20,58 $
Last Close Price 23,72 $
Spread / Highest target 18,0%
Spread / Average Target -13,2%
Spread / Lowest Target -45,2%
EPS Revisions
Managers
NameTitle
Evan Thomas Spiegel Chief Executive Officer & Director
Michael M. Lynton Chairman
Derek Andersen Chief Financial Officer
Robert C. Murphy Director & Chief Technology Officer
Joanna Coles Independent Director
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