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Snap Inc (NYSE: SNAP) closed at $8.33, an increase of 1.34%, with a trading volume of approximately 246 million shares, nearly 3.5 times the three-month average of 70.03 million. The S&P 500 index fell 0.50% to 6,604.72, and the Nasdaq Composite declined 0.50% to 22,384.70 due to weakness in technology stocks.
In comparison among social media stocks, Meta Platforms Inc (NASDAQ: META) closed at $748.91 (down 1.54%), while Reddit Inc (NYSE: RDDT) ended at $232.75 (down 1.25%). Snap recently introduced Snap OS 2.0, a software platform for its upcoming Spectacles, amid ongoing legal challenges related to its advertising platform.
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