News

Snapchat appoints Google veteran Pulkit Trivedi as India Managing Director Snap, the parent company of Snapchat, on Wednesday appointed Pulkit Trivedi as India Managing Director who will report to Snap’s APAC President, Ajit Mohan. Trivedi joins Snap from Google where he has spent the past five years as the Director of Google Pay-India Business Team. In his new role, Trivedi will be responsible for leading the organisation's Indian operations including driving revenue, supporting partners, and nurturing the creator ecosystem.  “His deep...
Snapchat appoints Google veteran Pulkit Trivedi as India Managing Director
Snapchat appoints Google veteran Pulkit Trivedi as India Managing Director
Source: IANS
23/08/2023 10:29:42 AM
Snapchat to feature new generative AI feature `Dreams` Popular social media platform Snapchat will feature a new generative artificial intelligence (AI) feature 'Dreams'. With this upcoming generative AI feature, the company "will again experiment with AI images-- but soon, those images may contain you and your friends in imaginative backgrounds," reports TechCrunch. According to findings from app researcher and developer Steve Moser, the company has been developing features that allow users to take or upload selfies with ...
Snapchat to feature new generative AI feature `Dreams`
Snapchat to feature new generative AI feature `Dreams`
Source: IANS
22/08/2023 5:09:25 PM
Shutterstock to acquire GIF platform Giphy from Meta for $53 mn Shutterstock on Tuesday announced to acquire leading GIF library and search engine Giphy from Meta for $53 million in a cash deal, after the UK's antitrust authority issued an order for Meta to sell Giphy on the grounds that the merger reduced dynamic competition. In a significant decision, the Competition and Markets Authority (CMA) in the UK in October last year ordered Meta (formerly Facebook) to sell off online database and search engine Giphy it acquired for $315 million. Giphy...
Shutterstock to acquire GIF platform Giphy from Meta for $53 mn
Shutterstock to acquire GIF platform Giphy from Meta for $53 mn
Source: IANS
23/05/2023 6:14:14 PM
Snap signs new deal with music labels to boost Sounds library Snap, the parent company of Snapchat, has inked a deal with several music labels to broaden its Sounds library, a feature within the social app that enables users to use song clips in Snaps and Stories. According to the company, participating labels include US-based UnitedMasters, Netherlands-based BUMA/STEMRA and SUISA Digital Licensing AG and its subsidiaries across the world and other unidentified direct-licensing music publishers, reports TechCrunch. "We are excited to expand t...
Snap signs new deal with music labels to boost Sounds library
Snap signs new deal with music labels to boost Sounds library
Source: IANS
16/04/2023 3:39:42 PM
Snapchat introduces some safety enhancements in its AI chatbot Snapchat has announced new tools that will make its recently launched AI chatbot "My AI" experience safer, including an age-appropriate filter and insights for parents. After discovering some of the potential for misuse of the AI chatbot, the company said it learned people were trying to "trick the chatbot into providing responses that do not conform to our guidelines". As a result of learning, the company has shared an update on some of the safety enhancements and s...
Snapchat introduces some safety enhancements in its AI chatbot
Snapchat introduces some safety enhancements in its AI chatbot
Source: IANS
5/04/2023 5:32:20 PM
Snap acquires Th3rd that creates digital 3D counterparts of people, products Snap, the parent company of Snapchat, has quietly acquired 3D-scanning studio called Th3rd for an undisclosed sum. A company spokesperson told TechCrunch that four team members from Netherlands-based Th3rd have joined Snap as part of the acquisition. According to Th3rd's website, it creates digital 3D counterparts of people or products. "These high-resolution digital 3D models are your building blocks for huge amount of applications, like photos, videos, visualizations, anim...
Snap acquires Th3rd that creates digital 3D counterparts of people, products
Snap acquires Th3rd that creates digital 3D counterparts of people, products
Source: IANS
25/03/2023 2:55:57 PM
Snap launches new business unit to offer AI solutions to retailers Snap, the parent company of Snapchat, has launched a new business unit that will offer its augmented reality (AI) solutions to retailers and businesses so they can integrate them into their apps. The new "Augmented Reality Solutions for Business" (ARES) division will enable businesses to adapt Snap's AR features for their apps and websites in order to attract customers and create more immersive experiences, reports The Verge. With augmented reality shopping tools, the ARES...
Snap launches new business unit to offer AI solutions to retailers
Snap launches new business unit to offer AI solutions to retailers
Source: IANS
24/03/2023 12:26:45 PM
Snapchat arrives on Microsoft Store Snapchat, which avoided the Windows platform with no official apps or support, has finally arrived on the Microsoft Store as a Progressive Web App. According to Windows Central, Snapchat's Progressive Web App (PWA) will run through Microsoft Edge on Windows 10 and 11 PCs. Progressive Web Application (PWA) is a type of web app that can operate both as a web page and mobile app on any device. The app is based on Snapchat's web version, which was released just a few months ago, ...
Snapchat arrives on Microsoft Store
Snapchat arrives on Microsoft Store
Source: IANS
27/11/2022 5:35:34 PM
Gamezop partners with Taboola to boost ad revenue and engagement for 45 million users Gamezop, one of the world’s leading HTML5 gaming platforms, announced its partnership with New York headquartered Taboola (NASDAQ: TBLA), a global leader in powering recommendations for the open web and helping people discover things they may like.   This strategic partnership will empower Gamezop to harness the power of Taboola’s suite of publisher products to improve ad monetization and engagement for its users. Gamezop, and its recently launched quizzing pl...
Gamezop partners with Taboola to boost ad revenue and engagement for 45 million users
Gamezop partners with Taboola to boost ad revenue and engagement for 45 million users
Source: PR Agency
24/11/2022 3:50:40 PM
WhatsApp India head Abhijit Bose, Meta India public policy director resign Amid the heightened insecurity and mass layoffs, two top Meta India officials -- Abhijit Bose, Head of India, WhatsApp and Rajiv Aggarwal, Director of Public Policy, Meta India -- have resigned, the company confirmed on Tuesday. Shivnath Thukral, Director of WhatsApp Public Policy, India has been appointed as Director, Public Policy, Meta India (across Facebook, Instagram, and WhatsApp in India), replacing Aggarwal who joined Meta last year from Uber. "I want to thank Abhijit Bose ...
WhatsApp India head Abhijit Bose, Meta India public policy director resign
WhatsApp India head Abhijit Bose, Meta India public policy director resign
Source: IANS
16/11/2022 10:46:08 AM
Snapchat brings iOS 16 Lock Screen widgets, chat shortcuts Popular instant messaging platform Snapchat has rolled out new features, including iOS 16 Lock Screen widgets for iPhone users. The company said it is introducing new features to help keep conversations with friends easy to find. "Our new Lock Screen Widgets, available now with iOS 16, keeps conversations with your bestie saved right to your lock screen so you can start chats with one tap," the company said in a blogpost. "With this new tool, you can save yourself the ...
Snapchat brings iOS 16 Lock Screen widgets, chat shortcuts
Snapchat brings iOS 16 Lock Screen widgets, chat shortcuts
Source: IANS
16/09/2022 12:36:25 PM
Snap laying off around 1,280 employees amid poor growth Snap, the parent company of Snapchat, is reportedly laying off 20 per cent of its workforce (around 1,280 employees), and the company's Chief Business Officer Jeremi Gorman is leaving to join Netflix. According to a report in The Verge citing sources, the layoffs that started from Wednesday will hit some verticals harder than others. Snap currently has more than 6,400 employees, which means nearly 1,280 employees will be shown the door. The team working on mini apps and games ins...
Snap laying off around 1,280 employees amid poor growth
Snap laying off around 1,280 employees amid poor growth
Source: IANS
31/08/2022 10:23:02 AM
Snap agrees to pay $35 mn over illegal user data collection in US Snap, the parent company of photo-sharing platform Snapchat, has reached a $35 million settlement with the state of Illinois in the US in a class-action lawsuit over illegal user data collection. The lawsuit alleged that Snapchat's filters and lenses violated the state's Biometric Information Privacy Act (BIPA). The company stored "biometric data without users' consent," reports Chicago Tribune. People who used lenses and filters between November 17, 2015, and t...
Snap agrees to pay $35 mn over illegal user data collection in US
Snap agrees to pay $35 mn over illegal user data collection in US
Source: IANS
24/08/2022 12:04:38 PM
Snapchat loses $10 bn as stock hits new 52-week low Snap, the parent company of Snapchat, suffered nearly $10 billion loss after its shares hit a new 52-week low over disappointing quarterly results (Q2) amid poor future forecast. The company's stock lost nearly 40 per cent of their value on Friday, after it reported a net loss of $422 million compared to $152 million in the prior year as the company "substantially" reduced hiring. "We face a number of very large and very sophisticated competitors (and) we're seein...
Snapchat loses $10 bn as stock hits new 52-week low
Snapchat loses $10 bn as stock hits new 52-week low
Source: IANS
23/07/2022 5:29:52 PM
Snapchat reports $422 mn loss in Q2, shares tank 25% Snap, the parent company of Snapchat, saw its shares plunging over 25 per cent in after-hour trading after it reported a net loss of $422 million compared to $152 million in the prior year as the company "substantially" reduced hiring. "Our financial results for Q2 do not reflect the scale of our ambition. We are not satisfied with the results we are delivering," Snap CEO Evan Spiegel said after delivering the second quarter (Q2) results late on Thursday. The daily a...
Snapchat reports $422 mn loss in Q2, shares tank 25%
Snapchat reports $422 mn loss in Q2, shares tank 25%
Source: IANS
22/07/2022 10:49:10 AM
Snapchat's paid subscription 'Snapchat Plus' now live for $3.99/month Popular social media platform Snapchat has announced that it is launching Snapchat Plus, a collection of exclusive, experimental, and pre-release features available on the platform, for $3.99 per month. The company said that it will be available at launch in the US, Canada, the UK, France, Germany, Australia, New Zealand, Saudi Arabia, and the UAE. However, Snapchat mentioned that it will expand the feature to more countries over time. "We have always enjoyed creating new features ...
Snapchat's paid subscription 'Snapchat Plus' now live for $3.99/month
Snapchat's paid subscription 'Snapchat Plus' now live for $3.99/month
Source: IANS
30/06/2022 9:32:58 AM
Snapchat testing community-building 'Spotlight Replies' for creators Snapchat on Thursday announced it is testing a new community-building feature for creators and their audiences. Called 'Spotlight Replies', the feature enables audiences to leave a text reply on a creator's Spotlight video that is first moderated before being sent directly to the creator. Creators then are given the power to control which replies appear publicly on their video for other viewers to see. 'Spotlight Replies' feature is currently being tested in New Z...
Snapchat testing community-building 'Spotlight Replies' for creators
Snapchat testing community-building 'Spotlight Replies' for creators
Source: IANS
17/06/2022 2:09:31 PM
Snapchat slows down hiring, to only hire 500 more people this year Snap, the parent company of Snapchat, is slowing down on hiring this year, as tech companies' stocks go through rough weathers amid challenging macro-economic environment globally. Snap CEO Evan Spiegel told employees that the company plans to hire 500 people this year, versus 2,000 it hired over the past 12 months, after warning investors that its revenue wouldn't grow as fast as expected, reports The Verge. "We expect to hire more than 500 new team members between now and...
Snapchat slows down hiring, to only hire 500 more people this year
Snapchat slows down hiring, to only hire 500 more people this year
Source: IANS
24/05/2022 2:45:02 PM
Snapchat introduces its first drone camera 'Pixy' Popular social media platform Snapchat has introduced Pixy, which is said to be a pocket-sized and free-flying sidekick drone. The company claimed that the device, which is now available in the US and France, can automatically crop into portrait and apply quick Smart Edits, like Hyperspeed, Bounce, Orbit 3D and Jump Cut. The users can then share it to Chat, Stories, Spotlight or any other platform. "We first created Snapchat as a new way to use the Camera for self-expression and...
Snapchat introduces its first drone camera 'Pixy'
Snapchat introduces its first drone camera 'Pixy'
Source: IANS
29/04/2022 3:12:24 PM
At 332 mn users, Snapchat growing faster than Facebook, Twitter Social media platform Snapchat is growing faster than Facebook and Twitter and in its latest quarterly report, the platform said it grew its daily active users (DAUs) 18 per cent to 332 million (year-on-year). While Facebook (now Meta) had reported its first loss in the number of DAUs last quarter, Twitter's monetizable DAUs grew only by 2 per cent in the US and 15 per cent globally. Snap (parent company of Snapchat) grew its revenue 38 per cent year-over-year to reach $1.06 billion...
At 332 mn users, Snapchat growing faster than Facebook, Twitter
At 332 mn users, Snapchat growing faster than Facebook, Twitter
Source: IANS
22/04/2022 2:01:19 PM
Snapchat users can now share videos directly from YouTube app Popular social network Snapchat has announced that users across iOS and Android can now share YouTube videos directly to the platform. Snapchat said that over 2 billion logged-in users visit YouTube every month to tune into videos that help them find new music, learn different skills, catch up on news, and discover more about the world around them. "...all Snapchatters across iOS and Android can seamlessly share their favourite YouTube videos with their friends straight through the...
Snapchat users can now share videos directly from YouTube app
Snapchat users can now share videos directly from YouTube app
Source: IANS
1/04/2022 5:54:11 PM
Snap shares plunge 25% as Apple privacy changes hit ads business Shares of Snap Inc plummeted 25% on Thursday after the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising. The Santa Monica, California-based company, which earns the vast majority of its revenue from selling digital advertising on the app, said the issue was compounded by global supply chain disruptions and labor shortages and caused brands to pull back on their adv...
Snap shares plunge 25% as Apple privacy changes hit ads business
Snap shares plunge 25% as Apple privacy changes hit ads business
Source: Reuters
22/10/2021 9:02:52 AM
Snapchat suffers outage, users can't post or send messages Popular social media app Snapchat went down globally on Wednesday evening and several users were unable to post story updates or send messages. Snap, which is the parent company of Snapchat, tweeted: "We're aware that some Snapchatters are having issues using the app right now - hang tight, we're looking into it!" Down Detector, which is an app outage tracking website, reported the problems with Snapchat. While 41 per cent has trouble with the app, 27 per cent of th...
Snapchat suffers outage, users can't post or send messages
Snapchat suffers outage, users can't post or send messages
Source: IANS
14/10/2021 9:22:27 AM
Snapchat launches portal to encourage users toward political campaigns Popular social media app Snapchat has announced a new "Run for Office" in-app tool to encourage young adults to run for local office in the US. The main aim of the tool is to solve common problems that young people face when determining whether they want to get involved in local politics or not. "Powered with information from BallotReady, this simple tool will help Snapchatters explore hundreds of opportunities to run for local office based on the issues they care most ab...
Snapchat launches portal to encourage users toward political campaigns
Snapchat launches portal to encourage users toward political campaigns
Source: IANS
6/10/2021 10:22:48 AM
Snapchat reaches 293 mn daily users Snapchat has announced that it now has 293 million daily active users in the second quarter this year, an increase of 55 million year-over-year. Snap, the parent company of Snapchat, said that its revenue increased 116 per cent to $982 million in Q2 2021 compared to the prior year. The company said that its net loss improved 53 per cent to $152 million in Q2 2021, compared to the prior year. "Our second quarter results reflect the broad-based strength of our business, as we grew...
Snapchat reaches 293 mn daily users
Snapchat reaches 293 mn daily users
Source: IANS
23/07/2021 11:26:20 AM
Snapchat hits 500M monthly users, India sees 100% user growth Popular social media platform Snapchat has reached over 500 million monthly active users, with roughly 40 per cent of its community located outside of North America and Europe. In India, Snapchat has seen over 100 per cent (year-over-year) growth in daily active users (DAUs) in each of the last five quarters, the company announced during its third Snap Partner Summit virtually late on Thursday. Snap also announced new features, latest updates and Augmented Reality (AR) experiences, like...
Snapchat hits 500M monthly users, India sees 100% user growth
Snapchat hits 500M monthly users, India sees 100% user growth
Source: IANS
21/05/2021 12:30:19 PM
Snap acquires Fit Analytics to boost fashion, e-commerce biz Snap, the parent company of Snapchat, has acquired Fit Analytics, a startup in the field of apparel and footwear technology. The acquisition will help Snap add a substantial e-commerce technology business into its portfolio. Leading apparel brands and retailers across six continents, including North Face, Asos, Calvin Klein, Patagonia, Puma and more are using Fit Analytics' platform to solve sizing at scale and deliver "meaningful bottom-line impact". "We are excited ...
Snap acquires Fit Analytics to boost fashion, e-commerce biz
Snap acquires Fit Analytics to boost fashion, e-commerce biz
Source: IANS
18/03/2021 10:55:00 AM