Snap and Burn: Staff Stunned As Evan Spiegel Cuts Projects to the Bone
The Snap cofounder has always shunned Wall Street and taken big bets that won't pay off for years. In August, that approach suddenly changed.
Source: businessinsider.com
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Snap snaps up database developer KeyDB to make its infrastructure more snappy – TechCrunch
As Snapchat’s app continues to grow, the company is turning to the open source community to help further improve its technology infrastructure. This morning, Snap announced it’s acquiring the Toronto-based KeyDB, the developer of an open-source, high-performance database, for an undisclosed sum. The startup’s six-person team, including its co-founders John Sully and Ben Schermel, will […]
Source: techcrunch.com
Snap upgrades its AR Shopping features with real-time pricing, more product details – TechCrunch
Snapchat is upgrading its AR shopping experience today with updates to both to the Shopping Lenses inside its social app as well as to the analytics shared with Snap’s brand and retail partners. For consumers, the AR shopping features become more practical to use, as they’ll now display key product information, updated in real-time, like […]
Source: techcrunch.com
How Social Media Is Capitalising on Its Youngest Users – Hope 103.2
Social media e-commerce is on the rise and the trends are clear: the younger the user, the more likely they are to spend through social media.
Source: hope1032.com.au
Snap beats expectations on user growth, revenue
Snap beats expectations on user growth, revenue The Snapchat app icon on a mobile device. Parent company Snap has seen its investments in content and creative tools pay off in 2021. (Associated Press) Print Snap Inc. reported gains in revenue and users that exceeded analysts’ estimates, as the company’s investments in content and creative tools lured young people and the advertisers trying to reach them. Its shares soared. Second-quarter sales more than doubled to $982.1 million, the company said Thursday. That dwarfed the $846.9-million average analysts’ estimate. Snapchat, th...
Source: latimes.com