Snap(NYSE: SNAP) has struggled to turn compelling products into financial success for years, but the new version of Spectacles could change that. The company is able to build both hardware and software that others can't and is making an operating system developers can easily plug into. In this video, Travis Hoium explains why this has made him intrigued by Snap's stock for the first time in a long time.
*Stock prices used were end-of-day prices of Sept. 19, 2024. The video was published on Sept. 24, 2024.
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Apple, Snap, and Unity Software. The Motley Fool has positions in and recommends Apple, Meta Platforms, Microsoft, and Unity Software. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
