M&S is now worth more than Snapchat Markets Here’s an interesting stock chart comparison that caught my eye this week. For the first time, the market cap of Snapchat owner Snap is now less than supermarket M&S, in a sharp reversal of the tech firm’s fortunes. If you’d spent £1,000 on shares in the social media platform five years ago, you’d be left [...]
Why Snap thinks 2026 will be Sport’s most connected and branded year yet Sport Business Snap’s Kahlen Macaulay looks at why 2026 will be the year where sport is most watched, connected and branded. Pulitzer-winning US playwright Neil Simon was once asked why humans find sport so captivating. His reply? “It’s the only entertainment where, no matter how many times you go back, you never know the ending.” Simply, sport is [...]
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? June 19, 2025 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 May 20, 2025 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.