CEO Evan Spiegel told employees that company plans to hire 500 people this year, versus 2,000 it hired over past 12 months, after warning investors that its revenue wouldn't grow as fast as expected
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Social media stocks were on course to shed more than $100 billion in market value following Snap's announcement
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 crores.
Snapchat sharing for YouTube Music was enabled on iOS in October and now a new report has claimed that it is available on Android.
The Snap Map displays a colour code to show how many people are posting public images in an area. In practice, that means you can get a good idea of where Snapchat users are concentrated
'Our expansion efforts in India continue to prove successful, and we are using our learnings to inform how we approach community growth in new geographies,' he said
Both companies topped Wall Street predictions with sales and earnings, with Snap even posting a surprise profit -- its first as a publicly held business
In an earnings call, Snap CEO Evan Spiegel said that less time is being spent watching Stories from friends on Snapchat
Multiple social media apps such as Snapchat, Spotify and Alphabet's Google Cloud appeared to be coming back online after a brief global outage on Tuesday.
Snapchat on Wednesday said the company will continue to anchor its efforts towards growing and providing more resources to its community of Indian creators
The three platforms are woven into the fabric of young people's lives, often influencing their dress, dance moves and diet, potentially to the point of obsession
Popular social media app Snapchat went down globally on Wednesday evening and several users were unable to post story updates or send messages
Facebook blamed network configuration glitches for immobilizing a suite of apps from Messenger to Instagram and driving some of its 2.7 billion daily users to the competition
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 social network on Thursday showed off the glasses, called Ray-Ban Stories -- a direct rival to Snapchat's Spectacles.
Popular social media platform Snapchat on Friday announced that the official Olympics account on the platform will have an innovative Augmented Reality (AR) Lens
This is similar to snaps on Snapchat
Popular social media platform Snapchat is removing a feature known as the "Speed Filter" that lets users capture how fast they are driving and then share it with friends
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