Browsing: Snapchat

How Kylie Jenner crashed Snapchat’s stock

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

Youngsters are quitting Facebook in their droves

Facebook is losing its swagger with young users, who are increasingly migrating to rival platforms including Snapchat, according to a new study. Seventy-one percent of UK social network users between 12 years and 17 years

Snapchat finally looks like a real company

Slow clap for Snapchat, which managed not to fall on its face during a quarterly earnings report for the first time in its history. Parent company Snap reported this week that its advertising revenue increased more than Wall Street

Naspers now holds an indirect stake in Snapchat

China’s Tencent Holdings, in which JSE-listed Naspers owns a one-third stake, has bought 145.8m non-voting shares Snap, saying it plans to work closely with the social media company. In an SEC filing on Wednesday, the Snapchat

Oh, Snap! Not all well at the maker of Snapchat

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

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