tldrdaily.news logo
Tag

Evan Spiegel

All articles tagged with #evan spiegel

business-technology1 year ago

"Snap's Q4 Earnings: Revenue Miss and Middle East Conflict Create Headwind, Stock Plunges 30%"

Snap Inc. reported a revenue miss and issued a light guidance, causing its stock to plunge 30% in extended trading. The company attributed some of the weakness to the conflict in the Middle East, which created a headwind to year-over-year growth. Snap's net loss for the quarter narrowed, but it expects an adjusted EBITDA loss in the first quarter. The company also disclosed sales for its Snapchat+ subscription service for the first time, with 7 million subscribers and an annualized revenue run rate of $249 million in 2023. Snap's struggles in the digital ad market have led to six straight quarters of single-digit growth or sales declines, while larger rivals like Meta, Amazon, and Alphabet reported double-digit expansion in their advertising units.

via CNBC|
#business-technology#digital-ad-market#evan-spiegel
businesstech1 year ago

Snap Inc. Announces 10% Workforce Reduction

Snap plans to lay off around 10 percent of its employees due to struggles in the digital advertising market and challenges in expanding beyond its core product. The company has faced setbacks with hardware projects and new features within Snapchat, while also grappling with a shrinking ad market and Apple's user tracking limitations. Despite a recent rise in revenue, Snap has consistently missed internal targets and aims to reorganize its team to support future growth, with CEO Evan Spiegel setting ambitious goals for 2024.

via The Verge|
#businesstech#digital-advertising#evan-spiegel
technology2 years ago

"Snapchat CEO Declares 'Social Media Is Dead' in Internal Memo"

Snap CEO Evan Spiegel sent a memo to employees declaring "Social Media is Dead" and emphasizing Snap's unique role in making people happy, while outlining the company's 2024 priorities, including a focus on user growth, ad targeting, and AR products. Spiegel also took aim at rivals, criticizing them for connecting pedophiles, fueling insurrection, and recommending terrorist propaganda, positioning Snapchat as a platform offering happiness and close relationships, in contrast to the negative impact of other social media platforms.

via Business Insider|
#augmented-reality#evan-spiegel#rivals
business2 years ago

Snap CEO's Bold 2024 Projections Boost Stock by 12%

Snap shares surged nearly 12% after CEO Evan Spiegel shared strong projections for 2024 with employees, including surpassing analysts' expectations for daily active users and advertising revenue growth. The internal memo projected over 475 million daily active users in 2024, beating the consensus estimate of 448 million, and advertising revenue growth of more than 20%, compared to expectations of just over 14%. Snap confirmed the projections but characterized them as "stretch, internal goals only." The company has faced challenges in improving its online advertising system and operating in a difficult digital advertising economy. Snap will report its third-quarter earnings on October 24.

via CNBC|
#advertising-revenue#business#earnings
entertainment2 years ago

Miranda Kerr's Joyful Announcement: Baby #4 on the Way!

Model Miranda Kerr announced her fourth pregnancy on Snapchat, using her husband Evan Spiegel's app to share the news. Kerr shared an image of four pairs of shoes, indicating that they are expecting a boy. This will be their third child together, adding to their two sons from earlier in their marriage. Kerr also has a son with Orlando Bloom from a previous relationship.

via TMZ|
#celebrity-news#entertainment#evan-spiegel
technology2 years ago

Snapchat's AI chatbot now accessible to all users for free.

Snap is releasing its OpenAI-powered chatbot, My AI, to all of Snapchat's 750 million monthly users for free. My AI can now be added to group chats, recommend AR filters, and soon receive visually generated responses. Snap CEO Evan Spiegel sees generative AI bots as "an awesome creative tool" and a critical part of Snap's future. Despite some problematic interactions, the overwhelming majority of interactions with My AI have been positive, conforming to community guidelines. Spiegel remains tight-lipped about My AI's potential impact on Snap's advertising business.

via The Verge|
#chatbot#evan-spiegel#generative-ai