Shares of Snap plummeted 25% on Thursday after it said privacy changes implemented by Apple hurt the company’s ability to target digital advertising.
Browsing: Evan Spiegel
Snap said it would no longer promote US President Donald Trump’s account in Snapchat’s Discover section, saying his incendiary comments last week made the account ineligible.
Snapchat added 13 million daily active users in the last quarter, as the messaging app reported its latest financial results.
Snap “is quickly running out of money” and may need to raise capital by the middle of next year, according to a scathing new research report from MoffettNathanson.
Snap’s flagship platform has lost some lustre, at least according to one social media “influencer” in the Kardashian-Jenner clan. Shares of the Snapchat parent company sank 6.1% on Thursday, wiping out $1.3bn in
Snap still isn’t meeting much-lowered projections for growth. Now the company is taking drastic measures to shape its future. While ad prices fell as part of a transition in the company’s sales system, the larger
For a guy who just lost about a quarter of his net worth, Snap co-founder Evan Spiegel exuded confidence on his first earnings conference call, explaining away the company’s shortcomings and even throwing shade at his bigger
Snap makes no secret of the fact that compulsive millennial users are its most valuable asset. Their fickle tendencies may also be its biggest risk. At least, that how it looks in the prospectus for the company’s initial public
Snap (formerly Snapchat) amended its charter to ensure that its founders retain majority voting control after the company’s initial public offering, giving them more control than the founders at Facebook and Google had after those