snap

  1. Hanno Labuschagne

    Snap share price plummets after disappointing holiday revenue

    Snap share price plummets after disappointing holiday revenue Snap Inc. plunged more than 30% in late trading after posting disappointing revenue in the holiday quarter, a sign the owner of the Snapchat app is still reeling from a slump in its digital advertising business. Fourth-quarter...
  3. Hanno Labuschagne

    Snap shedding 10% of its workforce

    Snap shedding 10% of its workforce Snap Inc. is reducing its workforce by roughly 10% worldwide, joining the chorus of technology companies that have announced fresh rounds of cuts since the start of the year. The cuts are being made to “best position our business to execute on our highest...
  4. Hanno Labuschagne

    Snapchat+ has amassed 7 million users

    Snapchat+ has amassed 7 million users Snap Inc. said it now has 7 million subscribers for its Snapchat+ offering, which gives users early or exclusive access to features on its social media app, including artificial intelligence tools. That’s up from 5 million users in September for the...
  5. Jan

    SnapChat "My AI" language model becomes free to all users

    SnapChat rolls out AI chatbot to all users for free Snapchat is expanding access to its artificial intelligence-powered chatbot — My AI — to all of its 750 million monthly users for free, The Verge reports. The AI language model can be added to groups by mentioning it with an @ command, and...
  6. Jan

    Two Snap executives leave to run ads at Netflix

    Netflix lands two Snapchat execs to run ad-supported package Netflix has landed two Snap executives to lead its ad-supported tier project, according to a report from The Verge. Snap's chief business officer and lead ad executive, Jeremi Gorman, and its vice president of ad sales for the...
  7. Hanno Labuschagne

    Snap cutting 20% of workers

    Snap cutting 20% of workers Snap Inc. is planning to lay off around 20% of its nearly 6,500 employees following weeks of planning, The Verge reported. Job cuts will begin on Wednesday with the team working on Minis, small applications made by third-parties which run in the Snapchat app...
  8. Jan

    Snapchat+ expands to 25 countries - excluding South Africa

    Snapchat+ adds four new features as it hits 1 million subscribers Snapchat's Premium subscription — Snapchat+ — launched in June 2022, and the company has revealed that it has reached one million subscribers less than two months later. The subscription costs $3.99 (R65.58) a month and gives...
  9. Jan

    Meta asks court to force Snap to hand over data as it fights FTC antitrust lawsuit

    Facebook asks court to demand Snapchat hand over user numbers for monopoly lawsuit Meta Platforms Inc. is asking a judge to force Snap Inc. to hand over data it says is needed to help the Facebook owner defend against a US government antitrust lawsuit. In a filing with a federal court in...
  10. Hanno Labuschagne

    Google, Meta, and Twitter shares hammered by Snap selloff

    Google, Meta, and Twitter shares hammered by Snap selloff US social-media giants shed nearly $47 billion in market value in extended trading Thursday, as disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising. The Snapchat parent plummeted 27% in the...
  11. Jan

    Snapchat CEO's full memo on hiring freeze

    Snapchat shares plunge on hiring freeze news — CEOs full memo to staff Social media stocks were sent spiralling downward after Snap Inc. cut revenue and profit forecasts below the low end of its previous guidance. The company’s shares plunged 29%, which dragged down stocks of other social...
  12. gregmcc

    Ubuntu 22.04 - Firefox only available via snap

    Noooo....why?!?! :mad: Just upgraded from LTS 20.04 to 22.04 beta - it's close enough to release date so I thought I'd try it out. Found out Canonical and Mozilla have some deal now that Firefox is no longer available as a .deb file and can only be installed using snap. Actually installing...
  13. Jan

    YouTube, TikTok, Snap distance themselves from Facebook over protections for kids

    We're not like Facebook — YouTube and TikTok YouTube, TikTok and Snap sought to distance themselves before lawmakers on Tuesday from the backlash facing Facebook, saying that they have established privacy protections for kids and teens on their platforms.
    • Jan
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  14. J

    Snap is running out of money - Analyst

    Snap is running out of money - Analyst Snap Inc. “is quickly running out of money” and may need to raise capital by the middle of next year, according to a scathing new research report from MoffettNathanson. In order to reach Chief Executive Officer Evan Spiegel’s goal of profitability in...
  15. J

    Snapchat plunges due to controversial redesign

    Snapchat plunges due to controversial redesign Snap Inc. sank 20 percent in pre-market trading after reporting first-quarter sales and daily active users that missed estimates. The shares are on pace to open near a record intraday low. At least three analysts cut their ratings, as Wall Street...
  16. J

    Snap confirms it laid off over 120 engineers

    Snap confirms it laid off over 120 engineers Snap confirmed it cut more than 120 engineers, as the company works to emphasize performance in the organization. [Bloomberg]
  17. Newsfeed

    Snapchat’s growth falls short again

    Snapchat’s growth falls short again Snap Inc.’s growth again fell short of estimates, feeding fears that aggressive competition from Facebook Inc. is blunting the younger social-media company’s potential just months after its initial public offering.
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