Bullish options flow was detected in JMP stock on December 13, 2019.
JMP Securities analyst Ronald Josey upgraded Snap to Outperform from Market Perform with a $20 price target. The shares closed Thursday up 22c to $14.45. The analyst is “incrementally confident” in Snap’s ability to grow its user base, increase engagement, and improve overall monetization as the service attracts more advertisers and share of advertising budgets. Snap “is now more stable than it was when entering 2019,” Josey tells investors in a research note. Further, looking into 2020, Snap is well positioned to continue to add daily active users and “close the monetization gap” with other major social networks as its sales force reorganization is done and it launches new advertising products, contends the analyst.
On December 9, 2019, Tech Crunch’s Josh Constine writes that Snapchat is about to launch a feature “that uses your selfies to replace the faces of people in videos you can then share.” “It’s essentially a simplified way to Deepfake you into GIFs. Snapchat Cameos are an alternative to Bitmoji for quickly conveying an emotion, reaction, or silly situation in Snapchat messages,” added the TC story.
On December 5, 2019, Snap Inc. (NYSE:SNAP) unveiled Duck Duck by Harmony Korine, an experimental short film shot using Spectacles 3 to explore storytelling in 3D. Released November 2019, Spectacles 3 are equipped with dual HD cameras to capture three-dimensional photos and videos, unlocking the ability to transform Snaps with 3D Effects.
Using Spectacles 3, Harmony Korine transforms Miami into an unbridled dreamscape of sound and color in Duck Duck — exploring the emerging disciplines of wearable cinema, augmented reality, and immersive, spontaneous storytelling. The film’s hybrid reality is brought to life through 3D Effects developed for the film, which will be available to Spectacles 3 users on Snapchat.
“Spectacles 3 is a completely unique format that shifted my perspective on film, narrative, what’s animated and what’s real,” said Harmony Korine. “By combining a first-person point of view and 3D Effects, the sunglasses inhabit their own hyper-personal universe, and helped inspire the multi-sensory experience of Duck Duck – like you can walk into this world when you watch it.”
“Both Harmony Korine and Spectacles are helping push the boundaries of immersive storytelling,” said Steen Strand, Director of Hardware, Spectacles. “With the ability to capture depth like your own two eyes, Spectacles 3 brings Harmony Korine’s unique vision for Duck Duck to life, showing how this new technology can inform the future of creative storytelling.”
With support from Gucci, Duck Duck premiered during a private event at Art Basel in Miami Beach on the evening of December 4. Harmony Korine’s long standing relationship with Gucci includes photographing the 2019 Holiday “Gift Giving” campaign, the Cruise 2020 Adv Campaign, the Pre-Fall 2019 collection lookbook and Men’s Tailoring Adv Campaign, as well as a limited-edition Artbook, Gucci by Harmony Korine. In June 2019, Gucci presented a cinematic exhibit at the Gucci Hub in Milan dedicated to him, Harmony Korine – The Crack-Up, during Men’s Fashion Week.