Joining the league of Big Tech companies who have laid off employees, photo-sharing platform Snapchat is set to sack workers and is in early stages of planning layoffs.
The economy is weakening, and so is demand for advertising - at least, that's how Facebook parent Meta Platforms Inc. justified its first-ever quarterly decline in revenue last week
Popular social media platform Snap, the parent company of Snapchat, has announced a new creator fund that will award independent musicians up to $100,000 per month
To begin with, the web platform will be available exclusively for Snapchat Plus subscribers in the US, the UK and Canada, and Snapchatters across Australia, and New Zealand.
In his new role, Murray will help protect the safety and security of the company's employees and will also work with law enforcement when necessary
The company said that it will be available at launch in the US, Canada, the UK, France, Germany, Australia, New Zealand, Saudi Arabia, and the UAE
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
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Social media stocks were on course to shed more than $100 billion in market value following Snap's announcement
Social media platform Snapchat is growing faster than Facebook and Twitter and in its latest quarterly report, the platform said it grew its daily active users (DAUs) 18 per cent to 332 crores.
Snapchat sharing for YouTube Music was enabled on iOS in October and now a new report has claimed that it is available on Android.
The Snap Map displays a colour code to show how many people are posting public images in an area. In practice, that means you can get a good idea of where Snapchat users are concentrated
'Our expansion efforts in India continue to prove successful, and we are using our learnings to inform how we approach community growth in new geographies,' he said
Both companies topped Wall Street predictions with sales and earnings, with Snap even posting a surprise profit -- its first as a publicly held business
In an earnings call, Snap CEO Evan Spiegel said that less time is being spent watching Stories from friends on Snapchat
Multiple social media apps such as Snapchat, Spotify and Alphabet's Google Cloud appeared to be coming back online after a brief global outage on Tuesday.
Snapchat on Wednesday said the company will continue to anchor its efforts towards growing and providing more resources to its community of Indian creators
The three platforms are woven into the fabric of young people's lives, often influencing their dress, dance moves and diet, potentially to the point of obsession
Popular social media app Snapchat went down globally on Wednesday evening and several users were unable to post story updates or send messages
Facebook blamed network configuration glitches for immobilizing a suite of apps from Messenger to Instagram and driving some of its 2.7 billion daily users to the competition