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
Browsing: Snapchat
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
On TalkCentral this week, Duncan McLeod and Regardt van der Berg chat about the big announcements expected at Mobile World Congress, including new smartphones from HTC, Huawei, Sony and, yes, Nokia. Also this week, DStv hikes its prices
Let’s say this upfront: buying shares in Snapchat’s initial public offering next week is an act of lunacy. It’s nuts to buy stock of a company with just a two-year track record of generating revenue, a loss of $1,27 for each
Now there’s another Facebook app making features that mimic Snapchat. WhatsApp, the chat application owned by Facebook and used monthly by 1,2bn people, is adding a built-in camera to let people take photos or videos, and send them
Wall Street is running out of bad Twitter one-liners: “Bye-bye birdie” was the headline on Susquehanna International’s recap of Twitter earnings. Twitter “can’t fly with broken wings”, UBS wrote. The stock analysts who track Twitter grabbed for their bird puns
Snapchat’s parent company Snap has filed for its initial public offering on the New York Stock Exchange. Hoping to raise US$3bn, the IPO would value Snap at between $20bn and $25bn, putting it at almost twice the expected valuation