Snap

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

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

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

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

(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.

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

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

However, Snap has not said if additional layoffs are coming

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

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

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

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

Here are five key moments from the video presentation

The company generates the majority of its revenue from advertising

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

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

Snap and Intercontinental Exchange declined to comment

The company aims to raise as much as $4 billion in its IPO