Tag: Evan Spiegel
Tech Digest daily roundup: Snap shares plummet due to ad slump
Snap announced plans to “substantially reduce” hiring and shake up its strategy as it posted bleak second-quarter results, blaming tough macroeconomic conditions but also stating it was “not satisfied with the results . . . regardless of the current headwinds”. The social media company lost about a quarter of its value on Thursday after posting the results, which chief…
Tech Digest daily round up: Snap announces AR Spectacles – but you can’t buy them!
Snap’s new Spectacles glasses are its most ambitious yet. But there’s a big catch: you can’t buy them. On Thursday, Snap CEO Evan Spiegel unveiled the company’s first true augmented reality glasses, technology that he and rivals like Facebook think will one day be as ubiquitous as mobile phones. A demo showed virtual butterflies fluttering…
Snapchat reveals rise in users and revenue
Snapchat has added another seven million daily active users in the last three months, while losses narrowed, the photo sharing app has revealed in its latest results. The platform’s parent company Snap said it attracted 210 million daily active users in its latest quarter, up 13% year-over-year. More Snapchat users who are going to the…
Improved Snapchat Android app helps boost user numbers
Snapchat has managed to make a small increase on the size of its user base and reported narrowed net losses as the company edges a step closer to achieving profitability. The private multimedia messaging app has increased its daily active user count to 190 million in the first three months of 2019, up four million…
Snapchat set to unveil new AR, gaming features at #SnapPartnerSummit
Snapchat is expected to reveal a number of new user features around augmented reality (AR) and gaming at a rare live event on Thursday (April 4th, 2019). The social media platform has promised news on its AR platform and camera tools, as well as its Discover section that hosts videos and news from official publishers.…
Snapchat reports record revenue but user numbers remain flat
Snapchat has recorded record revenue levels but the company’s active user numbers remain “flat", the firm’s latest financial results have revealed. Parent company Snap Inc reported revenue for the last three months of 390 million dollars (£301 million), up 36% from the 286 million dollars (£220 million) posted this time last year. The company’s net…
Snapchat ‘avoids popularity contest pressure of social media’, founder argues
Yui Mok/PA Unlike other social media platforms, Snapchat puts less pressure on people to be popular, app co-founder Evan Spiegel has argued. The 28-year-old entrepreneur believes that the social messaging app has an advantage over the likes of Facebook and Twitter because it does not include public likes or comments. “That’s…
