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Snap CEO Evan Spiegel Attends Coachella Days Before Announcing 1,000 Job Cuts
Snap CEO Evan Spiegel drew backlash after viral Coachella posts days before announcing plans to lay off about 1,000 employees.
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Snap Forms New Subsidiary Specs Inc. to Lead Consumer Smart Glasses Push
Snap announced the creation of Specs Inc., a wholly owned subsidiary of the parent company, on Wednesday. The Santa Monica, California-based company said that Specs Inc. will focus on the augmented reality (AR) smart glasses division and grow as a distinct brand. The timing of the development is interesting, given that the parent company is also ge...
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Meta, Twitter, YouTube, TikTok Issued Orders by FTC to Provide Information on Misleading Advertisements
The US Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc, Twitter, TikTok and YouTube seeking information on how the platforms screen for misleading advertisements.
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US Public Schools Blame Big Tech Firms for Social Media Harm, Mental Health Crisis in Lawsuit: All Details
Facebook parent Meta, Alphabet, Snap, and TikTok were sued by US public schools in Seattle last week, claiming that companies purposefully designed products to hook younger users, while creating a mental health crisis. The firms have previously stated that they aim to create an enjoyable experience on their platforms for users, while removing harmf...
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Snap Tells 80% Employees To Return To Office From February
Snap Inc will require 80% of its employees to return to office from endFebruary, a company spokesperson told Reuters on Monday. "After working remotely for so long, we're excited to get
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Snap Planning To Lay Off Employees: Report
Snap Inc is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans.
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Snapchat’s New Features Help Snap Beats User, Revenue Estimates With Highest Growth in 4 Years
Snap Inc 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.
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Facebook Faces US Lawsuits That Could Force Sale Of Instagram, WhatsApp
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against the social media company, saying it used a "buy or bury" strategy to snap up rivals and keep smaller competitors at bay.
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Facebook, Snap Join Chorus of Companies Condemning George Floyd Death, Racism
Facebook and Snapchat developer Snap became the latest US companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
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Facebook, Snapchat Condemn African-American Man's Killing, Racism In US
Facebook Inc and Snap Inc became the latest US companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
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Snap Royalty Kylie Jenner Helped Erase $1.3 Billion In One Tweet
Snap Inc.'s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan. The Snapchat parent's shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn't open the app anymore.
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Snap Chief Earns $638 Million In 2017, Third-Highest CEO Payout Ever
Snap Inc Chief Executive Officer Evan Spiegel received $637.8 million as total compensation as the company went public last year, the third-highest annual payout ever received by a company's chief executive.
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Volatility Inc: Inside Wall Street's $8 Billion Time Bomb
Call it the volatility-financial complex. All told, financial players have created more than $8 billion of products tied to one index alone. In a low-interest-rate world, investors desperate for returns snapped them up, and bankers collected fees along the way.
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Snapchat to Get Original Time Warner Shows
As part of the deal, the media company's HBO,Turner, and Warner Bros units will advertise on Snapchat as they try to grab the attention of millennials.
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Snapchat's Growth Stalls in Facebook's Shadow
Snapchat reported 166 million daily active users in the latest quarter, an increase of just 36 percent from a year earlier.
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Snap CEO Evan Spiegel Attends Coachella Days Before Announcing 1,000 Job Cuts
Snap CEO Evan Spiegel drew backlash after viral Coachella posts days before announcing plans to lay off about 1,000 employees.
-
Snap Forms New Subsidiary Specs Inc. to Lead Consumer Smart Glasses Push
Snap announced the creation of Specs Inc., a wholly owned subsidiary of the parent company, on Wednesday. The Santa Monica, California-based company said that Specs Inc. will focus on the augmented reality (AR) smart glasses division and grow as a distinct brand. The timing of the development is interesting, given that the parent company is also ge...
-
Meta, Twitter, YouTube, TikTok Issued Orders by FTC to Provide Information on Misleading Advertisements
The US Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc, Twitter, TikTok and YouTube seeking information on how the platforms screen for misleading advertisements.
-
US Public Schools Blame Big Tech Firms for Social Media Harm, Mental Health Crisis in Lawsuit: All Details
Facebook parent Meta, Alphabet, Snap, and TikTok were sued by US public schools in Seattle last week, claiming that companies purposefully designed products to hook younger users, while creating a mental health crisis. The firms have previously stated that they aim to create an enjoyable experience on their platforms for users, while removing harmf...
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Snap Tells 80% Employees To Return To Office From February
Snap Inc will require 80% of its employees to return to office from endFebruary, a company spokesperson told Reuters on Monday. "After working remotely for so long, we're excited to get
-
Snap Planning To Lay Off Employees: Report
Snap Inc is in early stages of planning layoffs, the Verge reported on Monday, citing people familiar with the plans.
-
Snapchat’s New Features Help Snap Beats User, Revenue Estimates With Highest Growth in 4 Years
Snap Inc 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.
-
Facebook Faces US Lawsuits That Could Force Sale Of Instagram, WhatsApp
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against the social media company, saying it used a "buy or bury" strategy to snap up rivals and keep smaller competitors at bay.
-
Facebook, Snap Join Chorus of Companies Condemning George Floyd Death, Racism
Facebook and Snapchat developer Snap became the latest US companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
-
Facebook, Snapchat Condemn African-American Man's Killing, Racism In US
Facebook Inc and Snap Inc became the latest US companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week.
-
Snap Royalty Kylie Jenner Helped Erase $1.3 Billion In One Tweet
Snap Inc.'s flagship platform has lost some luster, at least according to one social-media influencer in the Kardashian-Jenner clan. The Snapchat parent's shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn't open the app anymore.
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Snap Chief Earns $638 Million In 2017, Third-Highest CEO Payout Ever
Snap Inc Chief Executive Officer Evan Spiegel received $637.8 million as total compensation as the company went public last year, the third-highest annual payout ever received by a company's chief executive.
-
Volatility Inc: Inside Wall Street's $8 Billion Time Bomb
Call it the volatility-financial complex. All told, financial players have created more than $8 billion of products tied to one index alone. In a low-interest-rate world, investors desperate for returns snapped them up, and bankers collected fees along the way.
-
Snapchat to Get Original Time Warner Shows
As part of the deal, the media company's HBO,Turner, and Warner Bros units will advertise on Snapchat as they try to grab the attention of millennials.
-
Snapchat's Growth Stalls in Facebook's Shadow
Snapchat reported 166 million daily active users in the latest quarter, an increase of just 36 percent from a year earlier.
