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
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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
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
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
A handful of big technology companies are becoming the next William Randolph Hearst and Walt Disney: they wield enormous power over what news and entertainment get made. In case you needed more
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
Connected South Africans are more likely to have checked into Facebook in the past week than watched television, according to a new study. Cape Town-based media agency Limelight Consulting has published the
Facebook is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising – it’s the fourth time the
Mark Zuckerberg must be very accustomed to getting his way. When you’ve built two platforms with over a billion customers each (Facebook and Messenger), then acquired and grown another two to a similar size
Snap, maker of the disappearing photo app that relies upon the fickle favour of millennials, jumped in its trading debut after pricing its initial public offering above the marketed range. Shares opened at US$24 and