Reported about 14 hours ago
Snap Inc. experienced a significant surge in its stock prices following the announcement of a $400 million partnership with Perplexity AI, set to integrate an AI-powered search engine into Snapchat starting in 2026. This collaboration opens new revenue streams for Snap, which reported stronger-than-expected earnings for Q3 2025, while also cautiously forecasting potential impacts on user engagement due to upcoming age verification laws. The stock rose by 18% after the announcement, despite previous declines earlier in the year.
Source: YAHOO