Snapchat UK loses over £500m despite revenue spike Tech The UK arm of Snapchat lost more than $757m during its latest financial year despite its revenue spiking to over $2bn, it has been revealed. For 2024, Snap Group has reported a pre-tax loss of $757.7m (£565.8m), new accounts filed with Companies House show. The latest total is down from the pre-tax loss of $1bn [...]
Is Trump going to save TikTok… again? Tech TikTok’s future in the US is once again in limbo – but this time, fewer in both Wall Street and Washington are taking the threat seriously. In a move that surprised few but frustrated many, President Donald Trump is reportedly preparing to delay a divest-or-ban deadline for the third time in the last six months, [...]
Exclusive: Channel 4 launches video on Spotify Tech Channel 4 has become the first UK broadcaster to bring video programming to the streaming platform, in a move that will see episodes from its youth-focused digital brand. While Spotify continues to broaden its video offerings beyond just music and podcasts, Channel 4 is seeking to expand its reach among a younger audience through new [...]
Enhanced Games: Doped Olympics make hires from Nike and Red Bull November 14, 2024 The Enhanced Games, a doping version of the Olympic Games planned for next year, has poached talent from Nike, Snapchat and Red Bull as the group steps up its efforts to launch in 2025. The brainchild of London-based billionaire Aron D’Souza, the Enhanced Games will see athletes able to take substances that are currently banned [...]
How social media giant Snap has been snapped back to reality February 7, 2024 Like its vanishing photos, Snapchat itself is facing up to fears it might too be just a momentary diversion.
Snap: Israel-Hamas war plunges ad spend into doubt October 25, 2023 The ongoing conflict between Israel and Hamas has led to a halt in "a large number" of Snap's advertising campaigns.
‘Worrying failure: Snap handed enforcement notice by UK information watchdog over AI chatbot October 6, 2023 The UK’s information watchdog has said Snapchat may be required to “stop processing data” related to its AI chatbot after issuing a preliminary enforcement notice against the technology business. UK Information Commissioner John Edwards said the provisional findings of a probe into the company suggested a “worrying failure” by Snap, the app’s parent business, over [...]
Snap to close new augmented reality division after launching in March September 27, 2023 Snap announced today that it is shutting down its augmented reality services division just months after it launched.
Scoring Gen Z attention: Snap teams up with Sky Sports in new content deal November 1, 2022 Snap has announced a renewed content partnership with Sky Sports UK to host made-for-mobile, short-form content on Snapchat Discover. Sky Sports, a content partner since 2015 with over 1.8 million Snapchat subscribers, will publish highlights from every single Premier League football match, Women’s Super League highlights, behind the scenes content, clips from Soccer AM, Monday [...]
Tech stocks get ready for a rocky road ahead October 24, 2022 BIG TECH braces itself for another testing earnings season, as the biggest names in Silicon Valley post their quarterly figures this week. Kicking off the tumble last Friday, Snapchat posted a rocky quarter, citing squeezed ad spend and ongoing macroeconomic uncertainty as the main driver. Not only has Snapchat’s parent firm lost a quarter of [...]