Snapchat’s UK boss Ed Couchman: Snap looks to snap back SNAPCHAT Five years ago, Snapchat’s parent firm Snap floated on the New York Stock Exchange in what was hailed as a milestone for the once-disruptor in the social media landscape. The plucky underdog – at least compared to other messaging and social media apps – listed at $24 a share in an IPO twelve times oversubscribed. [...]
Snap shares skyrocket 30 per cent as it records user boom SNAP ROCKET Snap reported better-than-expected fourth quarter revenue and user growth today, and provided a first quarter outlook that surpassed analyst estimates, sending its shares up 30 per cent in trading after the bell. The results indicate Snap has avoided additional damage from Apple’s privacy changes, which were introduced last year and allow users to prevent apps [...]
Snap and Google push to protect younger users as the UK closes in on big tech Snap has said it is making a number of app changes to “protect 13 to 17 year olds”, including restricting its friend recommendation feature known as ‘Quick Add’, as well as new parental controls.
All eyes on Snap after shock Thursday wiped 24 off share price October 22, 2021 Snap shares fall 24% yesterday in after-hours trade as the social media group posted its outlook for Q4, citing Apple's new privacy policies as the cause.
Snap shares jump as it smashes user and revenue targets July 23, 2021 Shares in Snap have soared in after-hours trading after the social media group smashed forecasts for its user numbers and revenue in the second quarter. The California-based owner of Snapchat saw its shares jump more than 17 per cent after markets closed as it booked its highest growth rates since late 2017. Daily active users [...]
Snap launches new video editing app in bid to take in Tiktok May 20, 2021 Snap today unveiled plans for a new standalone app offering professional levels of video editing as it looks to challenge the dominance of rivals Tiktok and Instagram. The US tech firm, which owns Snapchat, said Story Studio will give social media stars powerful editing tools to make professional content for mobile. It will also introduce [...]
The City View: Out of maternity leave and into a pandemic, with Snapchat VP Claire Valoti September 3, 2020 In this episode Christian talks to Claire Valoti, Vice President (International) of messaging giant Snapchat – a platform used by more than 80 per cent of the UK’s 13 – 24 year olds. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Claire came out of maternity leave at the end of March and straight into a global [...]
Channel 4 to air Hollyoaks on Snapchat as it targets young viewers June 4, 2020 Channel 4 today said it will air Hollyoaks on Snapchat as part of a fresh deal to bring more than 300 episodes of its TV programmes to the social media app over the next year. From today the broadcaster will show short-form edits of the soap opera favourite on Snapchat’s Discover section. The Undateables, The [...]
Snapchat shares jump as coronavirus lockdown boosts user numbers April 22, 2020 Snapchat has reported a sharp spike in user numbers during the first quarter as millions of people turned to the social media app during the coronavirus lockdown. Parent company Snap said daily active users rose 20 per cent year on year to 229m in the first three months of 2020. Revenue also grew 44 per [...]
NBCUniversal quietly offloads $500m Snapchat stake March 9, 2020 NBCUniversal has quietly offloaded its $500m (£381m) stake in Snapchat as the US media giant ramps up preparations for its new streaming service. Parent company Comcast acquired the shareholding in March 2017 when Snap completed its initial public offering. The investment was passed to NBCUniversal, which then quietly sold off the stake last year. NBCUniversal [...]