snapchat News
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The reason behind Snapchat's poorly received redesign has been revealed by the company's CEO Evan Spiegel, via an internal memo posted by Cheddar and it's a surprising admission by a major firm.
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Snap announced plans to launch APIs, but the company won’t share much of its user data with developers. What is the significance of this move? Patric Palm, CEO and co-founder of Favro explains.
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Snapchat's bet on augmented reality seems to be paying off.
The rollout of Lens Studio, which allows anybody to create their own AR experience with a set of desktop creative tools, has been a bright spot for the company.
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-Snap reported dismal earnings that sent its stock down 20% on Tuesday.
-The company faces significant headwinds in drawing new users, engaging old ones and creating value, but it still has potential.
-Keep track of Snap's stock price in real time here.
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Shares in social media company Snap spiked by 2 percent yesterday after Apple featured the company's app during its iPhone live event. Demonstrating how Snapchat's AR features run more smoothly on the iPhone X, Apple engineered excitement for the tech.
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According to one ad agency executive, Snap is offering to reimburse the recut cost up to the greater of $1,500 or one percent of the overall budget where the spend is over $40,000.
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Snap might be on course to recover its position on the stock market. Employees can now trade their stock as the lockup period is over. Although analysts had thought this could cause a rush of selling, the price is up and Snap has started the week strong.
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To save Snap's stock from falling further, CEO Evan Spiegel could turn the tables and copy Facebook's Mark Zuckerberg.
About five years ago, Facebook was in a similar position as Snap is in now.
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Facebook has begun testing its ephemeral Stories feature on its main desktop website. The company is including Stories as a box to the right of the central page content. However, it faces an uphill challenge as resistance to the feature remains very high.
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Snap's stock hit a new all-time low today as it fell to just $15 per share. Investors are increasingly anxious that Snapchat won't be able to sustain its meteoric growth as the competition from apps like Facebook and Instagram steps up.
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By AFP
Riyadh -
Saudi police said Tuesday they were questioning a woman who appeared in an online video in a miniskirt and crop top walking through a historic site in the ultraconservative kingdom.
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Snapchat is putting together the building blocks for a powerful location-based ad business, Oppenheimer analyst Jason Helfstein wrote in a note to clients on Monday.
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Brooklyn -
With new technology, storytelling is changing, allowing people to choose which plot lines to follow. But is the experience more satisfying than the traditional relationship between makers of content and its consumers?
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Microsoft has announced the biggest update to Skype in years. The app is getting a fresh new design and new features that evolve it from a pure communications platform into a form of social media. The company has obviously taken inspiration from Snapchat.
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Instagram is rolling out support for face filters, an augmented reality feature that lets you overlay your selfies with masks and props. Predictably, the implementation strays little from Snapchat's original, completing Instagram's clone of its rival.
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The value of shares in Snapchat parent company Snap has fallen dramatically in the wake of the company's disappointing first earnings call. After missing its targets, the company's value plummeted by a quarter amid analyst concern about its future.
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Madison -
Access to popular social media platforms are being blocked in four Madison, Wisconsin high schools in an effort to study the effect of social media usage during school hours on grades and behaviour. As expected, not everyone is happy.
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Instagram has announced that over 200 million people now use its Stories feature every month. It raises concerns for Snapchat, the app on which Stories is based. Snapchat currently has 160 million users, a figure Instagram has surpassed in under a year.
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When Evan Spiegel asked Intuit cofounder Scott Cook to invest in Snapchat's Series A round of funding, Cook was sure that the app would be a complete flop.
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Facebook is rolling out a new Messenger feature that adds a carbon copy of Snapchat to the immensely popular messaging app. Messenger Day lets you share ephemeral images with your friends. Predictably, they scroll in a carousel and vanish after 24 hours.
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Snapchat is suffering on the stock market in the days after its initial public offering. This week, shares tumbled 12 percent as analysts remain concerned about the platform's future. The company may never be profitable and growth is stalling.
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Saint Francis High School in Mountain View, California made a wise investment a few years ago: its investment in Snap, the company behind Snapchat. The canny decision has raised millions for the school.
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NBCUniversal invested a whopping $500 million in the initial public offering of Snapchat's parent company, Snap Inc., as "part of a strategic investment and partnership," CNBC's Andrew Ross Sorkin first reported Friday.
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WhatsApp has launched a major new feature that lets you share disappearing photos with your friends and family. Clearly designed to take on rival Snapchat, Status is unique among implementations of the "Stories" concept as it uses full message encryption.
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Back in the '90s, before memes were really a thing, it was kind of a meme to pass around pictures of Bill Gates as a Borg — the cyborg baddies of "Star Trek: The Next Generation" fame.
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Facebook is testing a new feature in its app called Stories. If you haven't already guessed, it's a Snapchat clone that lets you post ephemeral photos into a slideshow that disappears after a day. Facebook has repeatedly tried to copy Snapchat's success.
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Snapchat is rolling out an app update that adds a persistent search bar that lets you find friends, groups, publishers and stories. It's meant to simplify the Snapchat app and make it faster to navigate between sections and find specific content.
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Snapchat is trying to convince potential investors that one day it will become the next Facebook and it will be as popular as the social networking site.
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Facebook has unveiled an overhaul of Messenger's in-app camera that turns the chat app into another Snapchat clone. You can now create photo art in message threads. Facebook is experimenting with features lifted from Snapchat in all its major properties.
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After previously confirming it's working on live video, Instagram has officially launched the feature across all supported platforms. Livestreaming is joined by a new "disappearing" messaging mode which makes Instagram even more similar to Snapchat.
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snapchat Image
Screengrab: Snapchat on an iPhone. Screengrab via CNN
Snapchat's Bitmoji feature Snapchat
United States Patent and Trademark Office
Screenshot from the ad for Snapchat's "Discover" feature Snapchat
Snapchat's new maps feature could be a potentially huge boom for advertisers. Snap/YouTube
The patent suggests Snapchat could use image recognition technology to serve up filters related to the objects in your snaps.
United States Patent and Trademark Office
Business Insider Intelligence
United States Patent and Trademark Office
Social media Flickr user magicatwork (CC BY 2.0)
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