Snap currently has more than 6,400 employees, which means nearly 1,280 employees will be shown the door.
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.
Last year, the photo-sharing platform introduced Layers as a new way for Snapchatters to find things to do with their friends on Snap Map.
Snap (parent company of Snapchat) grew its revenue 38 per cent year-over-year to reach $1.06 billion for the quarter that ended March 31, 2022.
Another intriguing Snapchat feature is the 'KGF 2' character appearance, which allows the user to use the lens to choose one of three sides - Rocky, Adheera, or Ramika Sen - and view himself or herself in that mode.
The company launched two Snap Map Layers, Memories and Explore, which allow users to view their saved Snaps by location and explore new ones around the world and have been used over 100 million times since launch.
San Francisco: Photo-messaging app Snapchat has introduced two new features — “Friendship Profiles” and “Bitmoji Stories” in an attempt to make the app more interactive and fun. With “Friendship Profiles”, Snapchat would hold content like images, videos, messages and links that users have saved in Chat with a friend or a group of friends, the company […]
New York: Excessive use of social media including Facebook, Snapchat, and Instagram is associated with poor well-being which could lead to depression and loneliness, researchers have warned. The study, published in the Journal of Social and Clinical Psychology, showed that limiting screen time on these apps could boost one’s wellness. “When you are not busy […]
San Francisco: With just $1.4 billion in its kitty at the end of third quarter results, the already struggling multimedia messaging platform Snapchat could even lose $1.5 billion in 2019, analysts have predicted. Snapchat lost nearly 2 million daily active users in the third quarter this year and now has 186 million daily users. “Snapchat […]
San Francisco: Photo-messaging app Snapchat is expanding its “Our Story” feature to about 20 media partners to enable them to crowd-source images and videos for their own “Snap Stories”. “Our Story” feature collects snaps submitted by Snapchatters from around the globe about a place, an event or a topic from different points-of-view and presents them […]
Los Angeles: Reality TV star Kim Kardashian says she is not enjoying her new short hair because it does not make her feel “sexy”. On her Snapchat account, Kim said: “So what do you guys think of my short hair? I’m so annoyed that I cut it. I just feel cutesy in it, like cute, […]
San Francisco: After drawing criticism from users worldwide about its controversial redesign, audio-video sharing platform Snapchat has rolled out another app redesign for iOS users. In the new design, snaps and chats are aligned chronologically and “Stories” from friends have been moved back to the right-hand side of the camera screen. Snapchat has added a […]
San Francisco: After drawing criticism from users worldwide about its controversial redesign, Snapchat appears to be changing a few things back to its old model, a media report said. The new design is being tested for the app that would move the user’s “friends’ stories” alongside the “celebrity content” in the “Discover” section once again, […]
San Francisco: Photo-sharing app Snapchat has rolled out a new feature called “Map Explore” that will make it easier for users to find events and see friends’ updates on Snap Map. Snap said the travel and location updates will automatically appear on user’s Snap Map when friends opt to share their location, The Verge reported […]
San Francisco: Facebook is fast losing young users and two million people under the age of 25 in the US will stop using the social networking platform this year, global research firm eMarketer said on Monday. Facebook is still adding monthly users but older age groups are mainly responsible for this. The number of total […]