Snap Inc’s stock tanked after missing revenue expectations by $30 million last quarter, so Snapchat is looking to win over businesses with immersive new ads formats. This week it introduced two new forms of ads: Promoted Stories which...Show More Summary
Tech venture capitalist Bill Gurley thinks Silicon Valley 'unicorns' are growing up and realizing they need to be profitable. But he also said that recent tech IPOs like Snap Inc.'s will lead private unicorns to possibly delay goingShow More Summary
It takes courage to say you were wrong about almost everything. But that’s what Snap Inc. CEO Evan Spiegel did this week, and that’s what it will take to save Snapchat. From algorithmic feeds to partnerships to target markets to recruiting adults, Snap is planning a 180-degree turn across the board. Read More
It takes courage to say you were wrong about almost everything. But that’s what Snap Inc CEO Evan Spiegel did this week, and that’s what it will take to save Snapchat. From algorithmic feeds to partnerships to target markets to recruiting adults, Snap is planning a 180-degree turn across the board. It’s warranted. The Q3 earnings report was a blood bath with Snap’s… Read More
Snap Inc. has confirmed plans to launch a dedicated Snapchat location in London where the Snpchat Spectacles will be sold for £130.
Snapchat is opening an office in Utah. The Utah Technology Council announced Thursday the California-based Snap Inc. plans to open a 50-employee facility along the Wasatch Front, an urban area … Click to Continue »
With millions of mobile apps in the Google Play and Apple Inc. app stores, it would seem that creating them is a snap. But one part of the app creation process is anything but quick and easy: compilation, which is the process of turning translating code into language machines can read. Show More Summary
Snap Inc.’s stock continued to fall Thursday as investors worried about sluggish growth prospects for the maker of the popular disappearing-photo app Snapchat. The stock was down as much as 5% early Thursday after tumbling nearly 15% on Wednesday in response to the Venice company’s lackluster third-quarter...
Chinese tech giant Tencent said it wants to work with Snap Inc. on developing mobile games and "newsfeed" ads. Snapchat is planning a significant redesign that will include a feed of personalized content. Tencent recently announced that it had acquired a roughly 10% stake in Snap. Tencent’s newly acquired stake in Snapchat parent Snap Inc. Show More Summary
Shares in Snap Inc. bounced somewhat in trading Wednesday after a quarterly Securities and Exchange Commission filing disclosed that Chinese investment giant Tencent Holdings Ltd. had acquired a 12 percent stake in the company. Tencent,...Show More Summary
At a moment when skepticism abounds about Snap Inc.’s future, one of the world’s biggest internet companies was revealed to be banking on the company’s success. Tencent, the Chinese company behind the wildly popular social media app WeChat and a global player in mobile gaming, has bought an approximately...
Snapchat parent Snap Inc. disclosed Wednesday that Chinese tech giant Tencent had taken a 12 percent stake, in a sign of confidence in the social network that has delivered disappointing results since its share offering this year.
Snap Inc. today announced its Q3 2017 earnings, missing big compared to Wall Street expectations. The company added just 4.5 million new users during the quarter, compared to expectations of 8 million. The company’s ad rates also took...Show More Summary
One of the longest running complaints about Snapchat is that the video-messaging app is simply confusing. That, Snap Inc. conceded Tuesday, must change. Reeling from his company’s third consecutive quarter of lackluster user growth and ad sales, co-founder and Chief Executive Evan Spiegel said...
NEW YORK (AP) — Snapchat is getting a redesign to make it easier to use. But the new look will not make the latest earnings report from its parent company any prettier for investors. Shares in Snap Inc. were down more than 16 percent in after-hours trading Tuesday after the company posted yet another quarter of disappointing growth. Snap Inc. Show More Summary
Good morning! Here's what you need to know in markets on Wednesday. 1. Snap Inc's stock plunged in after-hours trading on Tuesday after the company reported a disastrous third-quarter report that revealed widespread weakness throughout the business just nine months after its splashy debut on the public markets. Show More Summary
Nov 7 (Reuters) - Snapchat-owner Snap Inc on Tuesday reported lower-than-expected daily active users for the third quarter, amid stiff competition from Facebook Inc's Instagram, sending the company's shares down more than 18 percent in extended trading. Read more... Permalink | Email this | Linking Blogs | Comments
Cybersecurity firm Proofpoint Inc. today announced a $110 million all-cash deal to acquire Cloudmark Inc., a San Francisco-based messaging security and threat intelligence software provider for internet service providers and mobile carriers. Show More Summary
Shares of Snap Inc. plunged in after-hours trading Tuesday after the company behind the Snapchat messaging app reported user growth and revenue below what market analysts had forecast. Snap reported third-quarter revenue of $207.9 million, up 62 percent compared to the same quarter in 2016 but below the $235.5 million expected by analysts. Show More Summary
Snap Inc. shares plunged as much as 20% after the company said its quarterly loss more than tripled, disappointing Wall Street again as it failed to significantly grow the number of people using its app daily.