Evan Spiegel news and trends

Snap Hits 850 Million Monthly Users in Q2; Daily Active Users Climb 10%
Earnings // August 02, 2024

On Thursday (Aug. 1), Snap, the parent company of Snapchat, announced it reached a milestone during the second quarter: 850 million monthly active users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Snapchat Aims to Spend $1.5 Billion Per Year on AI
artificial intelligence // May 19, 2024

The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Snap Reports Augmented Reality Drives User Engagement, Brand Advertising
Earnings // April 25, 2024

Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Snapchat Turns to Subscriptions, AI Features to Offset Declining ARPU
Subscriptions // February 07, 2024

As Snapchat struggles with declining revenue per user, the social media platform is looking to its burgeoning subscription offering, and its artificial intelligence (AI) capabilities therein, to bring in more revenue. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Quick Reads
Snapchat Aims to Spend $1.5 Billion Per Year on AI

May 19, 2024
The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]

Snap Reports Augmented Reality Drives User Engagement, Brand Advertising

April 25, 2024
Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.” Get the Full Story Complete the form to...

Snap: China’s TikTok Could Pass Instagram In Growth

January 20, 2020
TikTok, with its gamut of quick dance and lip sync videos, could become even bigger than rival Instagram, said Snap Inc. Chief Officer Evan Spiegel. Get the Full Story Complete...

Snap’s Cash Could Run Dry By Mid-2019

October 10, 2018
Snap, the maker of a disappearing messenger app, may have to raise capital by the middle of next year, according to MoffettNathanson. The Wall Street firm wrote in a research...