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Shares in social media firm Snap Inc. plunged as much as 30% in after-hours trading following the company’s release of muted fourth-quarter results. The SnapChat parent’s numbers were roughly in line with Wall Street analysts’ expectations, making the stock movement all the more intriguing. Adjusted…

Snap, parent of Snapchat, said to today it plans to reduce its global headcount of full time employees by about 10%, or more than 500 people, in its latest round of staff cuts amid copious tech sector layoffs from Amazon to Google to Microsoft. "In order to best position our business to execute on…

The second TellyCast Digital Content Forum is running this week at London’s BFI Southbank with BBC Studios, Meta, TikTok and Snapchat execs among the speakers. Justin Crosby’s event, which brings together industry figures to discuss business opportunities in the digital-first content space, will run…

Snapchat parent Snap hit a warning note on the ad front today, saying "forward visibility of advertising demand" is limited in part by reduced spending due to the Israel-Hamas war. "We have had a number of primarily brand-oriented campaigns that paused spending in the early period at the onset of…

Snapchat parent Snap returned to revenue growth in the third quarter, surprising Wall Street, and clocked gains in daily active users (DAUs), as net losses widened on a restructuring charge amid layoffs. The company hit a dour note on the ad front, saying “forward visibility of advertising demand remains…

Snap's daily active users jumped 14% year-on-year for the second quarter, the platform said today, to 397 million even as revenue dipped in a tough ad market and with little visibility ahead. "We are excited by the progress we have made delivering increased return on investment for our advertising…

Snapchat parent Snap Inc., which has been struggling to get its advertising business back on track, presented a host of new options for brands Tuesday at the NewFronts. One of the biggest new features is called "First Story," which will allow brands to reserve the first video seen by Snapchat users…

Snap Inc. is continuing investors’ roller-coaster ride with another stomach-churning plunge downward. The parent company of Snapchat missed Wall Street forecasts for the first quarter, reporting a 7% dip in total revenue to $989 million as net losses per share narrowed by a penny to 21…

Shares in Snap Inc., the parent of Snapchat beset by a confluence of adverse market forces, fell again in after-hours trading after its latest quarterly financial report. Revenue came in at $1.3 billion, slightly below Wall Street analysts’ consensus forecast for $1.31 billion and flat with the 2021…

Snap Inc. investors registered a “no-confidence” vote Friday following the Snapchat parent’s earnings report, sending shares plummeting to nearly four-year lows. The stock fell 28% today to close at $7.76 on trading volume that approached five times the normal level. The drop followed through on…

Snapchat parent Snap kicked off earnings season for social media and tech companies today on a sour note with solid user numbers but lower than expected revenue and a dim outlook for the fourth-quarter where sales are expected to be flat. That forecast spooked the Street with Snap down over 25% in late…

Barely a week after announcing massive layoffs and initiating a significant restructuring of the company, Snap Inc. CEO Evan Spiegel said the social media firm is committed to staying independent and resisting any takeover offers. “When I look at the long-term opportunity in our business, I really believe it’s…