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+8 +1
The Fall of Snapchat Shows Why Mark Zuckerberg Is Still King
Every major social-media platform, including Snap, has seen user numbers dwindle. But Facebook is best positioned to survive the drought.
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+25 +1
Snapchat is working on a feature that can find products you snap on Amazon
The camera could identify products, songs, and item barcodes
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+17 +1
Why 'Stories' Took Over Your Smartphone
The format, made popular by Snapchat and Instagram, is the native genre of glass rectangles.
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+15 +1
Snapchat launches Spectacles V2, camera glasses you’ll actually wear
Photos, not just video. No yellow ring alerting people to the camera. Underwater-capable. Classier colors with lighter lenses. Prescription options. Faster syncing. And a much slimmer frame and charging case/
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+21 +1
Snap is laying off around 100 more people, this time in sales
Snap is laying off about 100 people, primarily from the company’s sales side. It’s the third round of layoffs for Snap since the beginning of the year; the company also restructured its content teams in January and laid off around 120 engineers earlier this month. Imran Khan, the company’s chief strategy officer and the head of all its business operations, said in a statement that these layoffs were part of a planned downsizing that started late last year. Here’s his full statement:
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+13 +1
Snapchat’s redesign was meant for your friends, and celebrities aren’t your friends, says CEO Evan Spiegel
Kylie Jenner isn’t happy with Snapchat’s redesign. That probably means it’s working. Jenner, a member of the insanely popular Kardashian family, tweeted to her 24.5 million followers on Wednesday afternoon that she was no longer opening Snapchat. Bloomberg says Jenner’s tweet, which was “Liked” more than 327,000 times, cost Snap $1.3 billion in market value.
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+7 +1
Snap Lost $720 Million in 2017, CEO Evan Spiegel Made $636 Million
Snap CEO Evan Spiegel earns a measly $1 salary — but don’t worry, he’s doing just fine. The co-founder of Snapchat pulled in $636.6 million last year thanks to a massive stock grant when the Venice, Calif.-based company went public last year, according to an SEC filing on Thursday.
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+19 +1
Evan Spiegel doubles down on new Snapchat redesign, says complaints only 'validate' changes
Snap CEO Evan Spiegel is not fazed by the uproar over his new redesign. Speaking to investors at the Goldman Sachs' Technology and Internet conference on Thursday, Spiegel said that he personally prefers the new version and thinks that users will like it too once they have had time to learn to use the new features.
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+17 +1
Less-cool Facebook losing youth at fast pace: survey
With mom, dad and grandma signing up in increasing numbers, Facebook is losing younger users in the United States at a faster pace than previously estimated, researchers said Monday. A report by eMarketer said Snapchat is drawing youths away from Facebook at a quicker clip than Facebook-owned Instagram.
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+22 +1
Study Backs Up Creeping Feeling That Facebook Is Just for Old People Now
Is Facebook losing itself to the olds? A new study released from research firm eMarketer predicts Facebook lost 2.8 million users under the age of 25 last year as many of them move to the aggressively youthful Snapchat.
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+12 +1
Snapchat’s New Update Triggers Revolt by Millions of Teens
Last week Snapchat rolled out its biggest redesign since the app launched in 2011. The company split the app into two sections, consolidating friend content on the left side, media content on the right, and installing a slew of other design changes. Snapchat’s massive teen userbase is outraged at the update, and already desperately trying to get the old version back.
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+11 +1
Snapchat asks unhappy users to 'give new update a chance'
Snapchat has said it “isn’t possible” to revert back to the old version of the app, as people continue to complain about its brand new user interface. The Snapchat Support Twitter account has been busy responding to a barrage of criticism from unhappy users, many of whom are struggling to find their favourite features, especially Stories.
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+11 +1
Snapchat's app was a mess and this leak confirms it
Wondering why Snapchat felt compelled to redesign its app, besides the need to compete with Facebook? It should be clearer after today. The Daily Beast has obtained Snap data showing that the company has had a difficult time getting users to try features outside of the core chat service. Snap Maps location sharing had over 30 million users when it premiered in June, for example, but that dropped to 19 million users (11 percent of the user base) by September.
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+27 +1
Snapchat Has a Child-Porn Problem
Investigators complain that the app’s privacy makes creeps tough to track.
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+16 +1
Snapchat video of deadly shooting helps deputies find suspect
A Snapchat video of a deadly shooting outside a Hall County gas station helped investigators arrest a suspect, sheriff’s officials said. Talon Lowery, 19, of Sautee, is charged in connection with the death of 18-year-old Bryan Ramirez of Gainesville, Deputy Stephen Wilbanks said in a news release.
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+17 +1
Snap sold fewer than 42K Spectacles, down 35% in Q2
Snap’s Spectacles sunglasses may prove to be more of a fad than a must-have device. Snap revealed during its call following weak Q2 earnings that it generated $5.4 million in “Other” revenue, which would equate to around 41,500 pairs of its Spectacles camera sunglasses at a $130 price point. That’s compared to $8.3 million in Other revenue in Q1, or fewer than 64,000 pairs, meaning Spectacles sales have declined roughly 35 percent.
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+12 +1
Snapchat's losses soar, user numbers not so much
Snap (SNAP), the parent company of Snapchat, is seeing steep increases in its losses while sales and user growth continue to disappoint. Its losses for the quarter ballooned to $443 million, a nearly fourfold increase from the same period a year earlier and worse than investors had expected. The messaging service added just seven million new daily active users in the second quarter, also falling short of estimates. It now has 173 million daily users, up from 166 million in the first quarter.
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+11 +1
Insiders say Google was interested in buying Snap for at least $30 billion last year
Google floated an offer of at least $30 billion to buy Snap in early 2016, according to multiple people familiar with the matter.
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+18 +1
Racist Snapchat story targeting Sikh man on a plane causes outrage
An airline passenger who mocked a Sikh man's turban and suggested he was a terrorist in a series of racist Snapchat posts has sparked outrage on social media. The bigoted outburst began when the man took a picture of the Sikh from behind, circled his turban, and included the caption: "Never mind I might not make it to Indy." He later snapped the Sikh as he slept during the flight, writing: "Update I'm still alive."
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+23 +1
Snap misses on Q1 earnings, stock craters 20%
Snap Inc. missed Wall Street expectations for its first quarterly earnings as a public company on Wednesday, sending its shares plunging more than 20%.
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