Oh,Jin Seo Snap (Interactive).
In what is almost surely a case of mistaken identity, investors sent shares in a little known startup called SNAP Interactive Inc., ticker STVI, surging 164 percent in the four days since Snap Inc. filed for a $3 billion initial public offering. The $69 million SNAP Interactive makes mobile dating apps, while the IPO aspirant is the parent of the popular Snapchat photo-sharing app.
Volume in New York-based SNAP Interactive starting rising in late January amid reports that Snap’s IPO filing was imminent. The microcap’s shares took off when Venice, California-based Snap made it official on Feb. 2, and they’ve rallied four of the five trading sessions since. More than 10,000 shares of the company traded on Wednesday, almost 10 times the average daily volume in January.
Bizarre activity in little-known stocks with names or tickers that are similar to more famous companies isn’t that uncommon in equity markets.
Tweeter Home Entertainment Group Inc., a once-bankrupt retailer, surged 685 percent in 2013, after Twitter Inc. filed for its IPO. Oculus VisionTech Inc. rallied as much as 155 percent after Facebook Inc. announced plans to buy Oculus VR Inc. And the day after the U.S. election, a Chinese stock that sounds like “Trump Wins Big” to Mandarin speakers posted its biggest rally in five months, while another that sounds like “Aunt Hillary” sold off.
A phone call and e-mail to SNAP Interactive’s investor relations line was not immediately returned. Apart from the integration of a feature into one of the firm’s apps, which range from webcam chatting services to a dating app that lets users rank each other, there is little news from the company this year.
Topics Snapchat
'Rebel MoonAmazon air quality monitor deal: Easily detect smoke, allergens and pollutantsSpacecraft sends back unusual view of Earth and the moonThe Crane Wife by CJ HauserApple's iPhone now offers roadside assistance with VerizonBest Lego deal: Select Minecraft Lego sets are up to 36% off at Amazon as of Dec. 7.One Word: Salty by Myriam Gurba'Rebel MoonIn 2023, we were girls togetherMoon Mothering by Katy KelleherOn Classic Party Fiction by Elisa GabbertOne Word: Bitch by Danez SmithRobert Lowell Dressed as Santa by Saskia HamiltonMoon Mothering by Katy KelleherObjects of Despair: Fake Meat by Meghan O’GieblynOne Word: Salty by Myriam GurbaOne Word: Bitch by Danez SmithThe TikTok aesthetics and trends that ruled 2023Dice Roll: The Phantom Gambler by Michael LaPointeStaff Picks: Bas, Beauvoir, and Britain by The Paris Review My Cat Mii by Mayumi Inaba Issue No. 250: A Crossword by Adrienne Raphel Making of a Poem: Hua Xi on “Toilet” by Hua Xi Love, Beyond Recognition by Benjamin Ehrlich Close Formation: My Friendship with James Salter by William Benton A Pretty Girl, a Novel with Voices, and Ring The Last Day of His Life by J. D. Daniels Meaning by Richard Russo A Sex Memoir by Edmund White How Do You Write an Opera Based on Moby My Ex Recommends by The Paris Review The Illustrated Envelopes of Edward Gorey by Edward Gorey Windows and Doors by Laurie Stone Making of a Poem: Emily Osborne on “Cruel Loss of Sons” by Emily Osborne A Night and a Day and a Night and a Day and a Night and a Day in the Dark by Lisa Carver The City Is Covered in Snow: From the Notebooks of Orhan Pamuk by Orhan Pamuk Third Sleeper: Bob Garison by Sophie Calle On Writing Advice and the People Who Give It by Sheila Heti Anne Imhof’s Talent Show by Liby Hays Rouen’s Municipal Library, 1959–1964 (or, The Formative Years) by Annie Ernaux
2.1829s , 10107.7109375 kb
Copyright © 2025 Powered by 【Jin Seo】,Unobstructed Information Network