Facebook said Tuesday its ranks of monthly active users had hit the two billion mark — meaning more than a quarter of the world’s population is on the giant social network. “As of this morning, the Facebook community is now officially 2 billion people!” co-founder and chief executive Mark Zuckerberg wrote in a post on … Read more
An update to Snapchat that shows publicly posted images on a searchable map has raised safety concerns among parents. Snap Map lets people search for places such as schools and see videos and pictures posted by children inside. It also lets people locate their “friends” on a map that is accurate enough to determine where … Read more
Instagram’s Snapchat Stories clone, aptly named Instagram Stories, is now being used by 250 million users every day. Instagram revealed the new milestone Tuesday when it announced a minor update for its live video streaming feature, allowing users to share recordings of their concluded live streams via Stories. Instagram launched Stories as its answer to … Read more
French telecom firm Altice, led by billionaire Patrick Drahi, said Monday that it had launched an initial public offering (IPO) on the New York Stock Exchange for its Altice USA subsidiary. Some 46.5 million Altice USA shares are on offer, and the IPO price is expected to be between $27 and $31 per share, the … Read more
Ghana’s Kofi Annan (a former UN Secretary General) and founder of the Ashesi University, Patrick Awuah, have been named among the 100 most reputable people on earth for the year 2017. South African research-based, global performance-management consulting company, Reputation Poll released its inaugural list of 100 Most Reputable People on Earth Tuesday. The individuals who … Read more
Snapchat Spectacles, sunglasses which also capture photographs and video, are going on sale in the UK. Snap Inc, the company behind both the product and the social network, are selling the devices online and in special vending machines which will travel around the UK and Europe. The glasses will retail at £129.99. When Spectacles launched … Read more
Augmented reality is seeing strong gains among Americans thanks to social networks like Snapchat, Instagram and Facebook, a market research firm said Monday. A new report by eMarketer said some 40 million Americans will engage with augmented reality monthly in 2017, up 30 percent over last year. Virtual reality is also growing, but at a … Read more
The Snapchat owner was among the biggest losers after posting disapointing results for first quater Wall Street closed lower on Thursday, pulled down by lower-than-expected sales at major US department stores and a selloff in Snap. The Snapchat owner was among the biggest losers after the messaging app posted disappointing results for the first quarter. … Read more
Snapchat’s hopes to become the next big social media platform hit a brutal reality check with the first earnings report from parent company Snap Inc. The $2.2 billion loss reported for the first quarter along with weaker-than-expected revenue and sluggish user growth prompted a wave of selling and harsh comments from analysts about the firm … Read more
Shares in Snapchat’s owner have sunk after it reported disappointing growth in the first three months of the year. In its first results since floating, Snap said the number of daily active users rose just 5% to 166 million compared with the last three months of 2016. That was two million fewer than expected, but … Read more
Snapchat parent Snap Inc. saw its shares slide Wednesday after posting a loss of $2.2 billion in its first quarterly results since its share offering earlier this year. The loss for the California firm known for its disappearing messages reflects some $2 billion in stock compensation awarded at the time of the company’s initial public … Read more
New York Stock Exchange (NYSE) with a Snap Inc. logo hunging on the front Snap Inc shares tumbled below $20 on Thursday for the first time since the company’s $3.4 billion public listing after the Snapchat owner received another “sell” rating from an analyst. The social media company this month pulled off the hottest technology … Read more
The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday. While that still represents growth of more than 157 percent from last year, it is smaller than … Read more
For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc (SNAP. N). The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 percent from the initial public offering price in the … Read more
Shares of Snap Inc (SNAP. N) rebounded on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. The owner of the Snapchat messaging app had fallen sharply in the previous two sessions as investors focused on its lofty valuation following a $3.4 billion public listing last … Read more
Comcast Corp’s NBCUniversal on Friday disclosed it has taken a $500 million stake in Snap, the messaging service which launched its big public offering this week. “This is a significant milestone in our growing partnership with Snap, and we look forward to participating in Snap’s success as an investor and continuing to work closely with … Read more
Instant messaging service Snapchat surged in its debut trade Thursday, jumping more than 40 percent from the level set in the initial public offering Wednesday night. Snap Inc., trading under the ticker “SNAP” on the New York Stock Exchange, was up about 45.4 percent to $24.72 near 1630 GMT, shortly after logging its first trades. … Read more
Snap, owner of messaging app Snapchat, has priced its shares at $17 ahead of Thursday’s listing on the US stock market. The flotation values the business at $24bn, although Snap has never made a profit. It will turn the company’s founders Evan Spiegel and Bobby Murphy into multi-billionaires. Snapchat, which is especially popular with teenagers, … Read more
As Snapchat’s owner makes its Wall Street debut, the key question for investors is whether the vanishing-message app is on its way to glory or despair. Wildly popular with young smartphone users keen to share messages that don’t linger, Snapchat is alternately viewed in the social media world as a winning bet such as Facebook … Read more
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U. S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014. The pricing will be the first test of investor appetite for a social-media app beloved by … Read more