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‘Simple’ Snapchat App to Launch in Q1 2025, Says CEO; Announces Expansion of Spectacles to More Countries
Snap Inc. is planning to introduce a “Simple” Snapchat app next year, the company CEO announced at the quarterly investors call on Tuesday. The multimedia instant messaging app revealed that it added 37 million users daily active users globally in the third quarter (Q3) of 2024, taking the total to 443 million.
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Snap to Focus on Ads Business, AR Amid Poor Stock Performance
Snap is set to lay its focus on boosting advertising business and work around AR, as confirmed by CEO Evan Spiegel. The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players.
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Former ByteDance Executive Says China Had ‘Supreme Access’ to All Data
A former executive at TikTok parent ByteDance who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data. Yintao “Roger” Yu said he was terminated from his job as head of engineering in the US in retaliation for his complaints to supervisors abou...
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Twitter CEO Elon Musk Could Be Replaced by NBCUniversal's Linda Yaccarino: WSJ
Elon Musk could pick NBCUniversal executive Linda Yaccarino as the new CEO for the social media platform, according to a WSJ report. The platform's owner said on Thursday that the new CEO would take over from him in about six weeks, but did not name the individual.
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Snapchat Launches Chatbot "My AI" Powered By ChatGPT
The company also said that the users should not share any secrets with "My AI" and they should also not rely on it for advice.
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Snapchat Now Has 750 Million Monthly Active Users Globally, Snap CEO Evan Spiegel Says
Snapchat now has 750 million monthly active users, Snap CEO Evan Spiegel said during an investor presentation on Thursday. The owner of photo messaging app Snapchat reported dismal quarterly earnings last month, revealing that it expected current quarter revenue to drop by as much as 10 percent.
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Roblox CEO Says Policing Virtual World Is Like Shutting Down 'Speakeasies' as Firm Confronts Lawsuit
Roblox CEO Morgan McGuire on Tuesday said finding dangerous content in the company's virtual world is nothing like spotting it in video, and likened moderating the virtual world to shutting down speakeasies, US prohibition-era bars hiding from law enforcement. The company is facing a lawsuit filed last week that alleges adult men on Roblox connecte...
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Snap Reportedly Plans to Lay Off Employees, Managers Discussing Job Cuts for Their Teams
Snap is reportedly planning to lay off employees in the coming months. The talks about job cuts are still under talks as managers are yet to take decisions for their teams. The company’s CEO Evan Spiegel earlier warned employees about slow hiring for the year. Snap’s shares went down 25 percent last month.
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Snapchat CEO Pays Off Student Loans Worth $10 Million For New Graduates
Snapchat CEO Evan Speigel and his wife Miranda Kerr paid off the entire college debt of 284 graduating students of an art college in Los Angeles, making it the biggest donation in the college's history.
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Snapchat Now Has 100 Million Monthly Users in India, Snap Co-Founder Announces
Snapchat has started reaching 100 million users in India on a monthly basis, Snap Co-Founder and CEO Evan Spiegel has announced at the virtual Snap for India 2021 event. Snap is also claimed to have increased its net new advertisers by 70 percent in 2020 and is introducing new monetisation streams for users creating content on Snapchat.
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US Government Asks Tech CEOs to Ensure Online Platforms Not Used to Spur Violence
The US Department of Homeland Security sent a letter to chief executives of five large tech companies asking them to ensure social media platforms are not used to incite violence in the wake of nationwide protests following George Floyd's death.
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Snapchat Parent Snap Suspends Partner Summit, Asks Employees to Work From Home
Snap CEO Evan Spiegel has asked all employees to work from home and has postponed the company's planned partner summit.
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Snapchat CEO Evan Spiegel Says EU Regulators Are Helping Google, Facebook
The head of Snapchat warned European regulators that their efforts to protect user data were entrenching the positions of Internet giants such as Google and Facebook.
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Snap Hires Two Executives to Take Over From Departing Imran Khan
Jeremi Gorman, formerly head of global advertising sales at Amazon.com, will be chief business officer. Former Huffington Post CEO Jared Grusd is joining as chief strategy officer.
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Instagram Launches IGTV Long Video App to Take on YouTube, Now Has a Billion Users
Called IGTV in a nod to traditional television, the new service plans to feature videos from rising internet celebrities, artists and pets.
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‘Simple’ Snapchat App to Launch in Q1 2025, Says CEO; Announces Expansion of Spectacles to More Countries
Snap Inc. is planning to introduce a “Simple” Snapchat app next year, the company CEO announced at the quarterly investors call on Tuesday. The multimedia instant messaging app revealed that it added 37 million users daily active users globally in the third quarter (Q3) of 2024, taking the total to 443 million.
-
Snap to Focus on Ads Business, AR Amid Poor Stock Performance
Snap is set to lay its focus on boosting advertising business and work around AR, as confirmed by CEO Evan Spiegel. The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players.
-
Former ByteDance Executive Says China Had ‘Supreme Access’ to All Data
A former executive at TikTok parent ByteDance who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data. Yintao “Roger” Yu said he was terminated from his job as head of engineering in the US in retaliation for his complaints to supervisors abou...
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Twitter CEO Elon Musk Could Be Replaced by NBCUniversal's Linda Yaccarino: WSJ
Elon Musk could pick NBCUniversal executive Linda Yaccarino as the new CEO for the social media platform, according to a WSJ report. The platform's owner said on Thursday that the new CEO would take over from him in about six weeks, but did not name the individual.
-
Snapchat Launches Chatbot "My AI" Powered By ChatGPT
The company also said that the users should not share any secrets with "My AI" and they should also not rely on it for advice.
-
Snapchat Now Has 750 Million Monthly Active Users Globally, Snap CEO Evan Spiegel Says
Snapchat now has 750 million monthly active users, Snap CEO Evan Spiegel said during an investor presentation on Thursday. The owner of photo messaging app Snapchat reported dismal quarterly earnings last month, revealing that it expected current quarter revenue to drop by as much as 10 percent.
-
Roblox CEO Says Policing Virtual World Is Like Shutting Down 'Speakeasies' as Firm Confronts Lawsuit
Roblox CEO Morgan McGuire on Tuesday said finding dangerous content in the company's virtual world is nothing like spotting it in video, and likened moderating the virtual world to shutting down speakeasies, US prohibition-era bars hiding from law enforcement. The company is facing a lawsuit filed last week that alleges adult men on Roblox connecte...
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Snap Reportedly Plans to Lay Off Employees, Managers Discussing Job Cuts for Their Teams
Snap is reportedly planning to lay off employees in the coming months. The talks about job cuts are still under talks as managers are yet to take decisions for their teams. The company’s CEO Evan Spiegel earlier warned employees about slow hiring for the year. Snap’s shares went down 25 percent last month.
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Snapchat CEO Pays Off Student Loans Worth $10 Million For New Graduates
Snapchat CEO Evan Speigel and his wife Miranda Kerr paid off the entire college debt of 284 graduating students of an art college in Los Angeles, making it the biggest donation in the college's history.
-
Snapchat Now Has 100 Million Monthly Users in India, Snap Co-Founder Announces
Snapchat has started reaching 100 million users in India on a monthly basis, Snap Co-Founder and CEO Evan Spiegel has announced at the virtual Snap for India 2021 event. Snap is also claimed to have increased its net new advertisers by 70 percent in 2020 and is introducing new monetisation streams for users creating content on Snapchat.
-
US Government Asks Tech CEOs to Ensure Online Platforms Not Used to Spur Violence
The US Department of Homeland Security sent a letter to chief executives of five large tech companies asking them to ensure social media platforms are not used to incite violence in the wake of nationwide protests following George Floyd's death.
-
Snapchat Parent Snap Suspends Partner Summit, Asks Employees to Work From Home
Snap CEO Evan Spiegel has asked all employees to work from home and has postponed the company's planned partner summit.
-
Snapchat CEO Evan Spiegel Says EU Regulators Are Helping Google, Facebook
The head of Snapchat warned European regulators that their efforts to protect user data were entrenching the positions of Internet giants such as Google and Facebook.
-
Snap Hires Two Executives to Take Over From Departing Imran Khan
Jeremi Gorman, formerly head of global advertising sales at Amazon.com, will be chief business officer. Former Huffington Post CEO Jared Grusd is joining as chief strategy officer.
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Instagram Launches IGTV Long Video App to Take on YouTube, Now Has a Billion Users
Called IGTV in a nod to traditional television, the new service plans to feature videos from rising internet celebrities, artists and pets.
