Tag Archives: Snapchat

Snap’s GAAP net loss in Q3 2023 increased by 2% year-on-year to $368 million or 23 cents per share. Snapchat parent company Snap Inc (NYSE: SNAP) shares fell flat after surging as much as 20% in after-hours trading as the news that some advertisers had suspended ad spending following the start of the war in the Middle East reached investors. At the time of writing, SNAP stock is at around 1.2% up in the pre-market. According to this CNBC report, the company revealed that it has “observed...

CoinspeakerSnapchat Dives Deeper into Generative AI with ‘Dreams’ This idea shares similarities with the functionalities already offered by a range of AI-driven photo applications accessible on the App Store.  Snapchat Dives Deeper into Generative AI with ‘Dreams’

Snap’s revenue did not meet analysts’ expectations of $563 million which had a negative impact on SNAP stock price. However, the company managed to increase its daily active user base.Recently, Snapchat’s parent company Snap has published its Q4 2019 earnings. It has turned out the company has not lived up the revenue expectations of Wall Street analysts. As a result, Snap stock has dropped 11%.According to Snap, they have increased the fourth quarter revenue 44% year-over-year to $561...

Byte, a 6-seconds video-sharing app created by the co-founder of Vine, Dom Hofmann, has been launched on Apple‘s App Store and Google Play. Interestingly, Byte is now among the most downloaded apps in both stores despite the flaws it has. As such, the app could potentially meet its aim to rival ByteDance‘sTikTok, a video sharing platform valued at $75 billion.Byte Launches on Apple and Google StoresOn January 24, 2020, Byte was launched on Apple App Store and Google Play Store.Reportedly, the...

Instagram’s Boomerang has received an upgrade. Apart from looping, users of the social networking platform will be able to do a bit more with their videos. The platform has introduced new tools to try to compete with TikTok.The features have been expected by many users. One of the features is the trimming effect. This improves playback control for videos when editing. Other effects include “SlowMo” which reduces playback by 50%, “Echo” which produces blurry playback and “Duo” which produces...

Snap Inc, the parent company of multimedia messaging app Snapchat, has acquired Ukraine-based startup AI Factory. This computer vision startup is the same company that has worked on creating Snapchat’s Cameos feature.AI Factory’s company profile shows that it provides several artificial intelligence business solutions for “image and video recognition, analysis and processing” . Thus, the Cameos feature also works on the same image and video processing technology developed by the company.The...

The AT&T-backed CNN is allegedly working to found its own news aggregation service that allegedly would be something similar as is Apple News and Apple News+.The project dubbed “NewsCo” will compete with the already existing Facebook‘s and Apple’s domination by offering its consumers one more venue where they can get all possible information both local and global, together with its existing web and broadcast operations.For now, twelve engineers and other executives are working on this...

Snap Inc., the parent company of multimedia messaging app Snapchat has delivered a strong performance in Q3 2019 and beats analysts’ expectations. The company has seen a major uptick in its user-base and revenue while limiting its losses even below the expected value.The net loss has decreased to $227 million from $255 million in Q2 2019 while it has decreased nearly $100 million QoQ. Last quarter, Snapchat added 7 million daily active users taking the total tally to 210 million. There is a...

On Thursday, after Facebook announced its new Threads app, Snap Inc. (SNAP) stock fell up to 7%. Facebook’s latest attempt to clone features already being used by Snapchat is only one of many, which has since pitched both social media giants together in the public eye.Even though Threads is a stand-alone app, it allows users already on Instagram to exchange status updates and media including photos and videos, to specific people who make up their “close friends”, an Instagram feature which...

Founded by Mark Zuckerberg and a few of his friends back in February 2004, Facebook has become the world’s largest social media platform and social networking service company. Today, the company has more than 2 billion active users and is also the second biggest platform for digital advertising only behind Google.Along with Amazon, Google and Apple, Facebook is regarded as one of the big four tech companies and has consistently maintained a monopoly in the social media space. However, even...