Snap spiked after Apple demoed its new face tracking live on stage (SNAP, AAPL)

markets.businessinsider.com | 9/12/2017 | Seth Archer
chrismpotts (Posted by) Level 3
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Snap's stock quickly made gains as Apple's Senior Vice President Craig Federighi demoed Snapchat live on stage during Apple's iPhone X event on Tuesday.

Snap spiked more than 2% higher as Apple used Snapchat to show off its new face tracking technology. The stock has since settled 0.26% lower than its opening price. The hype for seeing Snap on stage at one of the biggest tech events of the year seems to have been temporary.

Changes - IPhone - X - Screen - Front

One of the easiest to notice changes on the new iPhone X is the large screen that engulfs the entire front of the device. Apple is moving toward a face-unlock feature as it eliminates the home button that was used to unlock its previous devices to make room for the new...
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