Snap Inc

As a result of learning, the company has shared an update on some of the safety enhancements and said to launch a few tools to keep the AI responses in check

The company said that users can take a break with a new feature the platform is testing to let you reignite the spark and restore one Streak for free with just one tap

Snap, the parent company of Snapchat, has hinted at future AR glasses powered by generative AI technology during its fourth-quarter earnings call on Tuesday

The company announced the change on its support page for Snap Camera and said that the application will "no longer be available to use or download" later this month

The company hopes that the feature will help developers to make money and motivates them to keep building

Since launching Sounds, videos created with music from Sounds on Snapchat have collectively resulted in over 2.7 billion videos created and over 183 billion views globally

Meta's request is "overbroad and abusive," Snap said in court filings

The parent company of social media platform Snapchat said Wednesday that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the face of declining sales. In a letter to staff posted on Snap Inc.'s website, CEO Evan Spiegel said sales were not keeping up with earlier projections. Unfortunately, given our current lower rate of revenue growth, it has become clear that we must reduce our cost structure to avoid incurring significant ongoing losses, Spiegel wrote. Spiegel said Snap was restructuring its business to focus on community growth, revenue growth and augmented reality. Anything that doesn't contribute to those three areas will be discontinued or receive substantially reduced investment, Spiegel said. Last fall, Snap said its ad sales were being hurt by a privacy crackdown that rolled out on Apple's iPhones, which raised investor fears about the app's potential for growth. Most social media platforms rely heavily on advertising revenue, one reaso

Snap jumps as it restructures ad business, lays off staff; Netflix rises after hiring two Snap Inc executives; Bed Bath & Beyond sinks on corporate overhaul

Snap, the parent company of Snapchat, is reportedly laying off 20 per cent of its workforce (around 1,280 employees), and the company's Chief Business Officer Jeremi Gorman is leaving to join Netflix

Snap, the parent company of photo-sharing platform Snapchat, has reached a $35 million settlement with the state of Illinois in the US in a class-action lawsuit over illegal user data collection

The Snapchat parent plummeted as much as 30 per cent in premarket trading

Facebook parent Meta Platforms plunges 10%, erasing $53 billion in market value; Snap tumbles 40% in intraday trading

Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook

CEO Evan Spiegel told employees that company plans to hire 500 people this year, versus 2,000 it hired over past 12 months, after warning investors that its revenue wouldn't grow as fast as expected

Apple's privacy updates, which were rolled out in June and July, prevent advertisers from tracking iPhone users without their consent

Snapchat owner's March market debut was the hottest US technology listing in years

Tech giant has acquired more than 10 startups so far, besides buying a drone maker

The stock remains up 17 per cent from its $17 IPO price set on March 1

Snap has raised some eyebrows on Wall Street, with analysts flagging company's slowing user growth