Will Consumers Actually Watch TV on Snapchat?
After setting an all-time low yesterday, shares of Snap (NYSE: SNAP) bounced back a little today on news that it is partnering with Comcast's (NASDAQ: CMCSA) NBC News to broadcast a daily news show called Stay Tuned, which will air twice a day. The format will be short-form videos that are only three to four minutes long, which plays to Snapchat's strengths in short-form content. Each episode will have two 10-second ads.
Comcast participated directly in Snap's IPO in March, investing $500 million in the social media company. The show is NBC Universal's latest effort to cater to younger demographics on their preferred turf: mobile devices.
Image source: Snap.
Source: Fool.com
Meta Platforms Inc. Stock
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