Snap

'Mental health crisis': Meta, Google & TikTok to face addiction claims

The ruling Thursday by US District Judge Yvonne Gonzalez Rogers in Oakland, California, follows a contrasting June 7 decision by a Los Angeles Superior Court judge in favour of the companies

Snap, owner of Snapchat, plans to lay off about 10% of its global workforce

The owner of Snapchat is cutting approximately 10 per cent of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates USD 55 million to USD 75 million in charges, mostly for severance and related costs. It expects the majority of the costs to be incurred in the first quarter. This isn't the first time Snap has eliminated jobs. The Santa Monica, California-based company announced in August 2022 that it planned to cut about 20 per cent of its global workforce. In the third quarter of 2023, it began winding down its AR Enterprise business, which included reducing its global employee headcount by approximately 3 per cent, according to a regulatory filing. There are 406 million daily average users that use Snapchat every day, on avarege, according to Snap's website. It has more than 5 million Snapchat+ subscribers. Snap is among several in the tech industry announcing layoffs. Micros

SNAP Result 2023: SIU declares SNAP 2023 results, here's how to check

SIU has released the SNAP 2023 results, candidates appearing for the examination can check and download their results from the official website

Snap signs new deal with several music labels to boost Sounds library

"We are excited to expand the Snapchat Sounds experience as we continue building new tools and developing music industry relationships globally"

Snapchat crosses over 750 mn monthly active users, announces CEO Spiegel

Snapchat has crossed over 750 million monthly active users, its parent company Snap announced on Friday.

A banker turned tech maven: Meet Sandhya Devanathan, Meta India head

Devanathan takes over the India operations after the previous incumbent, Ajit Mohan, resigned to join social media company Snap Inc

Musk sets up A team to rejig Twitter, seeks to change verification process

According to a report from The Verge, he has asked employees to change Twitter Blue, a monthly subscription service costing $4.99 to a much more expensive new subscription

Snapchat lowers payout for Spotlight creators for the second time

Recently, the company had reported that its revenue grew 6 per cent year-over-year (YoY) to $1,128 million in the third quarter of 2022

Snap beats user, revenue estimates with highest growth in 4 years

(Reuters) -Snap Inc on Thursday beat Wall Street estimates for users and revenue in the second quarter, notching the highest growth rates since late 2017 as new features on its messaging app Snapchat attracted more users.

India's ShareChat raises $502 mn from Snap, Twitter, others: Details here

The funding was led by U.S. venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said in a statement on Thursday

Sharechat-owned video app Moj partners with Snap Inc for Snapchat lenses

Under the deal, Moj's team will access Snapchat's Lens Carousel directly inside the app when creating content; Moj will develop more than 400 lenses over multiple phases for its community

Another round of layoffs: Snap fires 18 more employees, to slow hiring

However, Snap has not said if additional layoffs are coming

Snap shares wither more as filings show some investors bailing

Wall Street is increasingly worried that Snap is succumbing to competition from Instagram

High-profile Snap stakeholders revealed in regulatory filings

Hedge-fund manager Daniel Loeb's Third Point owned 2.25 million shares in Snap

Snap's $2.2-billion loss caps bumpy Q1

Yet just 2 months into its life as a public company, Snap's celebration may already be ending

Snap bets on hardware as Facebook threat looms

GoPro's stock sits 61 per cent below its 2014 IPO price

Snap shares its past, present and future with IPO roadshow video

Here are five key moments from the video presentation

Snap seeks IPO valuation up to $22.2 bn

The company generates the majority of its revenue from advertising

Snap's IPO to be haunted by Twitter and GoPro

Snap explained that its users tell stories chronologically, unlike the Twitter timeline

At Snap, cost of hosting sets high bar for revenue growth

Snap revealed in its IPO prospectus, that it will pay Google at least $2 billion over next five yrs