Tag: Snapchat
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Snapchat shares hit an all-time low
Shares in Snapchat’s parent company, Snap Inc, have reached the lowest point since the company was publicly listed on 2 March. The all-time low of $20.50 is due to investor concerns about slowing user growth and a lack of profit. The company’s stock has mostly fallen since the Initial Public Offering of $24.48. Snap Inc…
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Snapchat files for IPO
Snap Inc, the parent company of Snapchat, has recently filed a confidential initial public offering (IPO). Reuters reported that Evan Spiegel’s company could go public as soon as March. The social networking platform, which is valued at $20-25 billion, will be a step closer to the biggest U.S. stock market debut since 2014. Latest reports from…
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Google’s investment branch adds Snapchat and Airbnb to investment portfolio
A sub-brand division of Google’s parent company Alphabet, called Capital G (previous known as Google Capital) has made two new investments both of which are going to shake up the tech market. The firm has backed both parent company of Snapchat, Snap Inc and home-sharing app, Airbnb. Capital G has a focus to add value to start up…
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Snapchat introduces Snapchat Spectacles
Multibillion dollar mobile application giant, Snapchat, which has now rebranded as Snap Inc. has revealed plans to venture into the augmented and virtual reality market by releasing a new product to the market. Called Spectacles and estimated to cost around $130 (US) a pair, these glasses will allow you to tap the side of the frame and record 10 seconds…
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Facebook smashes second quarter earnings
According to Business Insider, Facebook just smashed its 2nd quarter earnings for April to June. The company delivered a 59% increase that blew past Wall Street targets and sent its shares rocketing up 8% to a new all time high. Facebook has however cautioned investors that it doesn’t expect as much growth in the coming quarters,…
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People are spending more time on Pokémon Go than Facebook and Snapchat
Analytics company 7park Data says that users spent an average of 75 minutes in the app during its first week of release. In addition, Pokémon Go users continues to spend around 35 minutes on the Facebook app, 19 minutes on YouTube and about 9 minutes on Snapchat on a daily basis. “Total US time spent…
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Snapchat acquired a 3D photo app
A couple of months ago, Snapchat acquired Seene, a 3D photo app maker also known as Obvious Engineering. It allows you to capture 3D model from your smartphone camera. Snapchat could potentially use Seene’s format for a brand new category of selfie lenses and a new 3D photo format. TechCrunch revealed that Snapchat purchased Seene…
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Snapchat continues to make billions
A recent filing with the the Securities and Exchange commission has revealed that Snapchat has brought in another $1.8 billion from its investors. Participants include Sequoia Capital, Spark Capital, Meritech Capital Partners and Dragoneer Investment Group. In March, Snapchat was estimated to be worth $16 billion, and this latest boost brings the valuation up to $18 billion.…
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Snapchat’s new algorithm
According to Digiday Snapchat is developing an algorithm that will determine the ranking of new content from publishers and brands in user feeds. Currently Snapchat users see messages in chronological order but a new algorithm could see curated content from publishers and especially brands. A top publishing source close to Snapchat said, “It’s going to be the same…
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Facebook v. Snapchat
Ever since Snapchat became one of the big players in the social media world, Facebook has done it’s best to stay ahead of their highly successful competitor. Mark Zuckerberg actually really wanted to buy Snapchat (for $1 billion) but being turned down meant they would need to do whatever it takes to compete. Facebook recently…