Apple rolled out changes to its operating system in April that allows users to opt-out of being tracked by brands, a change that eats into business models of ad-reliant platforms like Facebook. The Facebook parent blamed Apple's iOS updates from last year for significantly impacting its advertising business. Snap's results came after Meta posted a disappointing quarter that missed estimates and in which the number of daily users fell for the first time on record, which slashed as much as 26% off its stock on Thursday. This means that using the most recent 20 day stock volatility. Snap (SNAP) stock is on the move Wednesday as investors react to the company's earnings report for the fourth quarter of 2022. SNAP support price is 10.43 and resistance is 11.39 (based on 1 day standard deviation move). Daily active users rose 20% year-on-year to 319 million, beating estimates of 316.5 million. By William White, InvestorPlace Writer Feb 1, 2023. Earnings per share came in at 22 cents on revenue of $1.3 billion, above the average expectation of 10 cents on revenue of $1.2 billion. The instant-messaging app provider delivered fourth-quarter results on Thursday that crushed analyst estimates. Snapchat parent Snap soared 50% in regular trading Friday after delivering its first quarterly profit in which it said it had recovered from Apple's privacy restrictions faster than expected.
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