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Snap Projects 50% Annual Revenue Growth for Next Several Years, Stock Hits All-Time High

UPDATED: At its first investor day conference, Snap outlined a bullish future for the Snapchat app — with senior execs saying they expect the company to generate 50% revenue growth over the next several years. On the upbeat forecast, Snap shares popped 11% for the day Tuesday, with the stock closing at an all-time high […]
Tags: News, Snapchat, Evan Spiegel, Snap


Snap stock jumps as much as 8% as the social media site sees delivering years of hefty revenue growth

Snap's CEO Evan Spiegel Getty Images for Snap, Inc. Snap stock jumped as much as 8% on Wednesday, hitting a 52-week high on the same day the social media site held its investors' day.  The company said work on its self-serve Ad Manager platform should drive years of revenue growth of more than 50%.  Snap said Ad Manager supports diversification advertisements.  Visit the Business section of Insider for more stories. Snap stock bulked up as much 8% Tuesday as the social media company sa...
Tags: Advertising, Trends, Social Media, Tech, Markets, Ads, Stocks, Nasdaq, Snap, Carla Mozee, Peter Sellis Snap, Sellis, Snap Acquisition, CEO Evan Spiegel Getty Images for Snap Inc Snap, CNBC Snap


Twitter explored buying India’s ShareChat and turning Moj into a global TikTok rival

Twitter recently held talks to acquire Indian social media startup ShareChat as the company explored ways to expand its presence in the world’s second largest internet market and build a global rival to TikTok, three sources familiar with the matter told TechCrunch. The American firm, which is already an , offered to buy the Indian startup for $1.1 billion and had committed an additional investment of $900 million, two of the sources said. The talks are no longer ongoing, two sources said, requ...
Tags: Google, Social, Facebook, Apps, Asia, Twitter, Instagram, Tinder, India, Tech, Match, MoJ, Match Group, Blume Ventures, Appannie, Snap


How to Turn Yourself Into a Cat (In a Video Call)

By now you’ve probably seen that viral video of the lawyer who accidentally turned himself into a cat during an important Zoom hearing. If you’re looking to mimic his feline appearance, we have good news and bad news.Read more...
Tags: Technology, Snapchat, Instant Messaging, Software, Webcam, Lifehacks, Operating Systems, Snap, Vertical Video, Human Interest, Mobile Applications, Snap Inc, Video On Demand Services, Windows Camera, Technology Internet


Snap Hires Facebook Veteran Doug Frisbie as Head of Business Marketing

After nearly 11 years at Facebook, Doug Frisbie has jumped to Snap to head up the Snapchat parent’s business marketing efforts. Frisbie joined Snap this week in the new role of VP of business marketing, reporting to CMO Kenny Mitchell. Frisbie will oversee global business marketing for Snap, working to drive awareness and adoption of […]
Tags: News, Snapchat, Snap, Frisbie, Doug Frisbie, Facebook Doug Frisbie, CMO Kenny Mitchell Frisbie


Snap partners with ShareChat’s Moj to roll out Camera Kit

Snap has partnered with ShareChat’s Moj app to integrate its Camera Kit into the Indian app as the American social giant looks to accelerate its growth in the world’s second largest internet market. This is the first time Snap has partnered with an Indian firm for its Camera Kit technology, which unlocks a range of augmented reality features, the two companies said. (Snap has partnered with a handful of firms including Triller for Camera Kit collaboration globally.) Moj creators will be able to ...
Tags: Social, Apps, Asia, India, Tech, Snapchat, Augmented Reality, New Delhi, MoJ, App Annie, Snap, SVP, Schwerin, Ben Schwerin, Triller, India Snap


Snap falls 3% on uncertain advertising growth outlook amid Apple's new privacy rules

Reuters Snap shares slipped nearly 8% in premarket trading on Friday amidst an uncertain advertising outlook for the first quarter of 2021. The social media company expects its first-quarter EBITDA to see a loss between $50 million to $70 million.  Still, Snap executives say they are ready to adjust to Apple's privacy change set to roll out this Spring. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Snap shares fell as much as 3% on Friday after the social media...
Tags: Apple, Facebook, Europe, Trends, Social Media, Markets, Trading, Capitol Hill, North America, Stock Market, Snap, EBITDA, Santa Monica California, Gorman, Snap Inc, Derek Andersen


Snap Sets Creative Tools and Content for the Big Game

Snapchat teamed up with the National Football League on creative tools for Snapchatters and content for Super Bowl 2021. Snap Inc. said its NFL-partnered augmented reality lenses and filters reached 45 million users during the weekend of Super Bowl 2020. The NFL and Snap renewed their multiyear partnership last June, and Snap said there were...
Tags: Advertising, NFL, National Football League, Snap, The Big Game, Snap Inc, Social Pro Daily


Snap Tells Investors Apple's Opt-In Ad Tracking Privacy Measure Presents 'Risk' to Advertiser Demand

With Apple's upcoming iOS 14 privacy changes looming, Snap on Thursday appeared to come down on Facebook's side of the argument, warning investors that they could hurt Snap's ad business (via Reuters). Starting with the next versions of iOS 14, iPadOS 14, and tvOS 14 due to be released in the early spring, Apple's App Tracking Transparency privacy measure will require all apps to request the user's permission to track their activity across other apps and websites. Granting permission would al...
Tags: Apple, Facebook, Europe, Snap, Reuters, Gorman, Reuters Starting, Jeremi Gorman, Ios 14, App Tracking Transparency


Snapchat Daily Users Pop 22% in Q4, Snap Tops Earnings Estimates But Issues Weak Forecast

Snapchat gained 16 million daily users to hit an average of 265 million in the fourth quarter of 2020. Snap beat revenue and adjusted earnings estimates for the quarter, but its Q1 guidance was lower than Wall Street anticipated. Snapchat’s daily active users were 265 million in Q4 2020, an increase of 47 million, or […]
Tags: News, Snapchat, Earnings, Snap


Amazon just announced a major shake-up to its senior ranks, with Jeff Bezos' second-in-command replacing him later this year. Here are the other high-powered executives behind some of the biggest CEOs in tech.

Andy Jassy, left, and Jeff Bezos. Mike Blake/Reuters; Mark Ralston/AFP/Getty Images CEOs at some of the biggest tech companies rely on No. 2 execs to help them get the job done. Some may go on to run the company one day, while others may leave for big opportunities elsewhere.  For example, Jeff Bezos' No. 2, Andy Jassy, has just been named the future CEO of Amazon.  Visit the Business section of Insider for more stories. Life at the top of the world's most valuable tech companies isn't eas...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Hollywood, Shonda Rhimes, Enterprise, Youtube, Careers, Trends, Tech, Tesla, Features, Getty Images, Larry Page


Social platform veteran Sriram Krishnan is Andreessen Horowitz’s latest general partner

Today, Andreessen Horowitz founder Marc Andreessen announced that social media product veteran Sriram Krishnan will be joining the firm as their latest general partner. Krishnan, whose previous roles include stints at Snap, Facebook and Twitter, has gained a higher profile in recent weeks from his recurring audio show “The Good Time Show” on Clubhouse. His recent talk with Tesla CEO Elon Musk was something of a watershed moment for the audio chat platform driving plenty of new attention to the b...
Tags: TC, Facebook, Elon Musk, Social Media, Tech, Tesla, Ceo, Andreessen, Software, Venture Capital, Andreessen Horowitz, Effect, Operating Systems, Clubhouse, Marc Andreessen, World Wide Web


CEOs steer clear of Fox News' Maria Bartiromo

Hello and welcome to Insider Advertising. I'm senior advertising reporter Lauren Johnson, and here's what's going on:CEOs stay clear of Fox News' Maria BartiromoAd agency Hero Group sues Omnicom's DDBHow much Snapchat creators make from SpotlightIf this email was forwarded to you, sign up here for your daily insider's guide to advertising and media.Tips, comments, suggestions? Drop me a line at [email protected] or on Twitter at @LaurenJohnson. NEW YORK, NEW YORK - JANUARY 10: H...
Tags: Media, Advertising, Disney, Trends, Cnn, Snapchat, Fox News, Biden, US Army, Influencer Marketing, Snap, Tucker Carlson, New York New York, Maria Bartiromo, Bartiromo, Omnicom


CEOs steer clear of Fox News' Maria Bartiromo, sources say

Hello and welcome to Insider Advertising. I'm senior advertising reporter Lauren Johnson, and here's what's going on:CEOs stay clear of Fox News' Maria BartiromoAd agency Hero Group sues Omnicom's DDBHow much Snapchat creators make from SpotlightIf this email was forwarded to you, sign up here for your daily insider's guide to advertising and media.Tips, comments, suggestions? Drop me a line at [email protected] or on Twitter at @LaurenJohnson. NEW YORK, NEW YORK - JANUARY 10: H...
Tags: Media, Advertising, Disney, Trends, Cnn, Snapchat, Fox News, Biden, US Army, Influencer Marketing, Snap, Tucker Carlson, New York New York, Maria Bartiromo, Bartiromo, Omnicom


Biden just signed an executive order to expand food stamps and send stimulus checks to people who haven't already received one

President Joe Biden prepares to sign a series of executive orders at the Resolute Desk in the Oval Office. Chip Somodevilla/Getty Images President Joe Biden's third wave of executive actions will provide aid to Americans struggling financially during the pandemic. Addressing the hunger crisis, increasing SNAP benefits, and ensuring quick delivery of stimulus payments are core components of Biden's COVID-19 economic relief plan. Biden also plans on providing relief to federal workers by enc...
Tags: Republicans, Congress, America, Trends, Usda, Joe Biden, Economy, Democrats, Biden, Stimulus, Snap, Food Stamps, Gallup, Supplemental Nutrition Assistance Program, Treasury Department, Dept of Labor


Evan Spiegel and Miranda Kerr reportedly dropped $30 million on a mansion in Paris

Snap CEO Evan Spiegel, left, and model Miranda Kerr. Getty Images Evan Spiegel and Miranda Kerr bought a $30 million mansion in Paris, according to The New York Post.  The couple also owns a $12 million home in Brentwood, California.  Spiegel, the CEO of Snap, obtained French citizenship in 2018. Visit Business Insider's homepage for more stories. Snap CEO Evan Spiegel and his wife, the model Miranda Kerr, dropped $30 million on a mansion in Paris, according to The New York Post's Mary K. ...
Tags: New York Post, France, Trends, Snapchat, Paris, Evan Spiegel, Miranda Kerr, Lvmh, Orlando, Southern California, Snap, Kerr, Flynn, Hart, Les Echos, SPIEGEL


From stimulus checks to larger food stamps, here's everything that's in Biden's 3rd wave of executive actions

President Joe Biden prepares to sign a series of executive orders at the Resolute Desk in the Oval Office. Chip Somodevilla/Getty Images President Joe Biden's third wave of executive actions will provide aid to Americans struggling financially during the pandemic. Addressing the hunger crisis, increasing SNAP benefits, and ensuring quick delivery of stimulus payments are core components of Biden's COVID-19 economic relief plan. Biden also plans on providing relief to federal workers by enc...
Tags: Republicans, Congress, America, Trends, Usda, Joe Biden, Economy, Democrats, Biden, Stimulus, Snap, Food Stamps, Gallup, Supplemental Nutrition Assistance Program, Treasury Department, Dept of Labor


WeChat advances e-commerce goals with $250B in transactions

WeChat continues to advance its shopping ambitions as the social networking app turns 10 years old. The Chinese messenger facilitated 1.6 trillion yuan (close to $250 billion) in annual transactions through its “mini programs,” third-party services that run on the super app that allow users to buy clothes, order food, hail taxis and more. That is double the value of transactions on WeChat’s mini programs in 2019, the networking giant announced at its annual conference for business partners and e...
Tags: Apple, TC, Asia, China, Tech, Instant Messaging, Alibaba, Tencent, WeChat, Messaging Apps, Snap, Guangzhou, Zhang, Tencent Alibaba, Zhihu, Sogou


Snap Promotes Ben Schwerin to Head of Content and Partnerships

In a reshuffling of Snap’s content group, the Snapchat owner has promoted Ben Schwerin to the newly expanded role as SVP, content and partnerships. And in another executive change, chief strategy officer Jared Grusd — the former HuffPost CEO who joined Snap more than two years ago — is shifting into an advisory role at […]
Tags: News, Snap, Jared Grusd, Ben Schwerin


Snapchat is shelling out millions to young users to create viral content in an effort to compete against TikTok

Gina Wetzler/Getty Images Snapchat is shelling out millions to young users to create viral content on its platform, according to The New York Times. The move signals the company's plans to more heavily take on TikTok, which remains the most popular platform in the short-form video arena. TikTok kicked off a similar program in July with its Creator Fund, a $200 million pool to support company-approved influencers on the platform. Visit Business Insider's homepage for more stories. Snapchat...
Tags: News, Trends, Social Media, Information, Snapchat, New York Times, Nyt, The New York Times, Snap, Lowe, Tech Insider, Ben Schwerin, Tiktok, Katie Canales, Apps and Platforms, Gina Wetzler Getty Images Snapchat


Snapchat will permanently ban Trump when he leaves office on January 20

US President Donald Trump. Photo by SAUL LOEB/AFP via Getty Images Snap Inc. will permanently ban President Donald Trump from Snapchat when he leaves office on January 20. The company had suspended Trump's account after a pro-Trump mob stormed the US Capitol.    Snap cited Trump's efforts to spread "misinformation, hate speech, and incite violence." Visit Business Insider's homepage for more stories. Snap will permanently ban President Donald Trump when he leaves office on January 20, sayi...
Tags: Facebook, Twitter, White House, US, America, Trends, Tech, Joe Biden, Snapchat, Evan Spiegel, Donald Trump, Snap, Trump, Capitol, America Trump, Saul Loeb


Snapchat Will Terminate Donald Trump’s Account, Citing ‘Public Safety’

In the latest deplatforming of President Trump, Snap said Wednesday that it will permanently ban his account on Snapchat in the “interest of public safety.” The move by Snap to boot Trump from the social app comes after Twitter, Facebook and Instagram, Twitch and other internet platforms have issued similar bans. YouTube yesterday suspended Trump’s […]
Tags: News, Snapchat, Donald Trump, Snap, Trump, Twitter Facebook, Trump Snap


Snapchat permanently bans President Trump’s account

Quite a bit has happened since Snap announced last week that it was indefinitely locking President Trump’s Snapchat account. But after temporary bans from his Facebook, Instagram and YouTube accounts as well as a permanent ban from Twitter, Snap has decided that it will also be making its ban of the President’s Snapchat account permanent. Though Trump’s social media preferences as a user are clear, Snapchat gave the Trump campaign a particularly effective platform to target young users who are a...
Tags: TC, Facebook, Twitter, Instagram, Tech, Spokesperson, Snapchat, Instant Messaging, President, Computing, Donald Trump, Operating Systems, Snap, Trump, Vertical Video, Facebook Instagram


Snap acquires location data startup StreetCred

Snapchat’s parent company Snap has acquired StreetCred, a New York City startup building a platform for location data. Snap confirmed the news to TechCrunch and said the acquisition will result in four StreetCred team members — including co-founders Randy Meech and Diana Shkolnikov — joining the company, where they’ll be working on map- and location-related products. A big component of that strategy is the Snap Map, which allows users to view public snaps from a given area and to share the...
Tags: Social, Fundings & Exits, Startups, TC, Mobile, New York City, Samsung, Tech, Snapchat, Aol, TechCrunch, Snap, Bowery Capital, Notation Capital, Meech, Verizon Media


All the actions big tech companies have taken against Trump's social media accounts following the US Capitol siege

The rioters during the Capitol siege. Win McNamee/Getty Images The US Capitol siege by pro-President Donald Trump rioters on Wednesday has set off a wave of actions from big tech companies. Platforms like YouTube, Facebook, and Twitter have removed a video of Trump telling rioters "we love you, you're very special" but "go home in peace."   Twitter and Facebook have both locked Trump's respective social media accounts.  Here's a list of all the actions big tech companies have taken against...
Tags: Facebook, Twitter, News, Instagram, Congress, Youtube, Cbs News, US, America, Trends, Snapchat, PAC, Biden, Donald Trump, Twitch, Shopify


Snapchat locked Trump's account after a mob sieged the Capitol building in Washington

Evan Spiegel answers questions at the 2018 Code conference. Greg Sandoval/Business Insider Snapchat locked president Donald Trump's account on Wednesday, during the violent insurrection at the US Capitol. A pro-Trump mob broke into and occupied the Capitol building. Four people died as a result of the violence. Snapchat had stopped promoting Trump's account in the app's Discover section starting in June 2020 due to his comments during anti-police brutality protests. Facebook and Twitter su...
Tags: Facebook, Mark Zuckerberg, Politics, News, Instagram, Washington, US, America, Trends, Tech, Joe Biden, Snapchat, Evan Spiegel, Donald Trump, Zuckerberg, Snap


Snapchat locks President Donald Trump’s account

Snapchat locked President Donald Trump’s account after pro-Trump rioters stormed the United States Capitol. A Snap spokesperson confirmed to TechCrunch that the action was taken on Wednesday and added that the company will monitor the situation closely before re-evaluating its decision. This is not the first time Snap has taken action against Trump’s account over concerns about dangerous rhetoric from the president. In June, it announced content from Trump’s Snapchat would no longer be promot...
Tags: TC, Facebook, Apps, Twitter, Instagram, America, Social Media, Tech, Snapchat, Evan Spiegel, Donald Trump, Snap, Trump, Reuters, Capitol, United States Capitol


Google and Snap in talks to invest in India’s ShareChat

which , is in talks to add two more American giants to its captable. The Indian social network is in advanced stages of talks to raise money from Google and Snap, three sources familiar with the matter told TechCrunch. The new financing round — a Series E — is slated to be larger than $200 million with Google alone financing more than $100 million in it, the sources said, requesting anonymity as the talks are private. The round values ShareChat at more than $1 billion, two of the sources s...
Tags: Google, Startups, Apps, Asia, Twitter, India, Funding, Snapchat, Snap, Sachdeva, ShareChat, ShareChat Google


US stocks slide from new highs as hope for expanded stimulus fades

Senate Majority Leader Mitch McConnell. Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images/ US stocks pulled back from record highs on Tuesday as hopes for $2,000 direct stimulus payments faded. Senate Majority Leader Mitch McConnell blocked an attempt by Democrats to hold a vote on the $2,000 checks but said that the Senate would "begin a process" of considering a proposal to send the checks.Intel soared 8% on Tuesday after Daniel Loeb's activist hedge fund Third Point sent a letter ...
Tags: Senate, US, America, Trends, Markets, Intel, Snapchat, House, Mitch McConnell, Stocks, Goldman Sachs, Donald Trump, Stimulus, Dow, S&P 500, Snap


54 million Americans, including 18 million children, face food insecurity by the end of 2020, says Feeding America

Kitchen staff at Trinity Cafe in Tampa, Florida prepare meatloaf, potatoes and steamed vegetables to be distributed by Feeding America at on March 27, 2019. Zack Wittman for The Washington Post via Getty Images 54 million or one in six Americans are projected to be food insecure by the end of the year, according to an analysis by Feeding America, the largest anti-hunger organization in the US. The organization distributed 4.2 billion meals between March and October, with around 20% of its ...
Tags: News, Congress, Washington Post, Massachusetts, US, America, Trends, Usda, Ap, Getty Images, Hunger, United States, House Of Representatives, News UK, The Guardian, Associated Press