![]() 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. Shares of the company closed 3.86% lower at $8.21 a share.With this mind, we wanted to take a closer look to see which social media stock analysts say will come out on top. Bought 203,467 shares - estimated to be worth $1.67 million - in Velo3D Inc (NYSE:VLD).Shares of the Jack Dorsey-led social media company closed 4.83% lower at $62.24 a share on Friday. Bought 448,944 shares - estimated to be worth $27.94 a share - in Twitter Inc (NASDAQ:TWTR) on the dip.Tesla shares closed 1.75% higher at $909.68 a share on Friday. The investment firm sold 80,354 shares - estimated to be worth $73.09 million - in the electric vehicle maker’s stock. ![]() Ark Invest continued to book profit in Tesla Inc (NASDAQ:TSLA).Here are some of the other key trades for Ark on Friday: See Also: Cathie Wood Sells Another $2.6M In Tesla, Continuing Profit-Booking From September The two ETFs held a total of 954,518 shares - worth $71.69 million, ahead of Friday’s trade. Other than ARKW, the Ark Fintech Innovation ETF (NYSE:ARKF) too owns shares in the social media company. The ARK Next Generation Internet ETF (NYSE:ARKW) bought shares in Snap on Friday.
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