Snap
Auto Added by WPeMatico
Snap is reportedly laying off around 100 employees
Snap is laying off around 100 employees that are part of its engineering staff, according to multiple reports from CNBC and Cheddar. The company expects to lay off as many as 100 people in the engineering department, according to those reports. It’s another sign of potentially re-aligning efforts as it looks to remake itself into something that’s differentiated from products… Read More
Powered by WPeMatico
Snap CEO Evan Spiegel basically says the Snapchat redesign is here to stay
Despite a lot of backlash over a big redesign for the Snapchat app — which to be sure is a very big deal for a product-centric company like Snap — Snap CEO Evan Spiegel vigorously defended the redesign and basically said people need to get used to it.
Spiegel said at the Goldman Sachs Internet & Technology Conference that even people complaining about the app was a sort of… Read More
Powered by WPeMatico
Twitter is now worth more than Snap
Adding to what’s already a Very Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this morning. Shares of Twitter rocketed more than 25% this morning following the report, which showed the service is actually able to generate a profit on a GAAP basis. Twitter already wrapped up 2017 with a… Read More
Powered by WPeMatico
Snap shares skyrocket on first earnings beat with revived user growth
Snapchat is starting to turn things around, boosting its sluggish user growth rate and beating Wall Street’s expectations for the first time with today’s blockbuster Q4 2017 earnings report. It added 8.9 million daily active users, to reach 187 million, with a quarter-over-quarter growth rate of 5.05 percent percent in Q4, compared to 2.9 percent in Q3. Read More
Powered by WPeMatico
Snap Inc. lays off at least two dozen amid slowed user growth and engagement
Snap Inc. has laid off at least two dozen people across several divisions within the company, according to The Information, which first reported the news. Snap has since confirmed these layoffs, which largely affect those on the content teams in the New York and London offices. Read More
Powered by WPeMatico
Snap and Twitter now have roughly the same market cap
While we won’t call this a huge watershed moment per se, something nominally interesting in the world of Weird Social Media Things happened this morning: Snap and Twitter are now worth the same based on their market caps. With some small moves on both companies’ shares, both companies are now hovering around $18.7 billion in market cap. There are some extra mechanics that go into… Read More
Powered by WPeMatico
Twitter is soaring today as its stock hits a high for the year
Twitter is finally having a good day on Wall Street as it heads into the final weeks of the year, and this time around it may be a result of a little bit of optimism from investors. There were two big moves for the company today: first, Twitter said it would begin enforcing new rules related to how it handles hateful and abusive content on the platform, which is a problem that has been… Read More
Powered by WPeMatico
Snapchat’s newest filters can recognize what’s in your photos
Snapchat is rolling out new filters that can recognize what’s in your photos in order to suggest graphics, like borders or stickers, to accompany your posts. These filters today are capable of recognizing images of objects like pets, sports, and food, as well as specific locations, like beaches or concerts. The quiet release of the new filters was first spotted by Mashable, which… Read More
Powered by WPeMatico
ESPN launches a short-form version of SportsCenter on Snapchat
ESPN today announced it’s launching a short-form version of its SportsCenter show on Snapchat, which will kick off today at 5 PM ET. The show will then begin to release new episodes on a twice-daily basis, at 5 AM and 5 PM on weekdays and once, at 5 AM, on weekends. The launch will make SportsCenter the first-ever daily sports show on Snapchat’s platform. The move comes at a time… Read More
Powered by WPeMatico
Snap is having a bad day
Ho boy — there are bad days and there are bad days in an earnings season, and this is definitely the latter for Snap. The company released its quarterly report for its financial performance in the third quarter this year, and as a result, the company’s stock is absolutely cratering. Read More
Powered by WPeMatico