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Snap Inc
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Snap Inc: A Tech Giant's Trajectory Snap Inc, founded in 2011 by Evan Spiegel, Bobby Murphy, and Reggie Brown, has rapidly evolved from a single-product company to a multifaceted technology firm. Initially known as Snapchat Inc, the company’s rebranding to Snap Inc in 2016 reflected its expans...
- Company type Public
- Founded September 16, 2011
- Founders Evan Spiegel, Bobby Murphy
- Headquarters Santa Monica, California, U.S.
- Area served Worldwide
- Key people Michael Lynton (chairman), Evan Spiegel (CEO), Bobby Murphy (CTO)
- Revenue US$5.36 billion (2024)
- Net income US$-698 million (2024)
- Number of employees 4,911 (2024)
- Subsidiaries Snap Limited
- Website www.snap.com, web.snapchat.com
Related Other Pages:
- Berkshire Hathaway, MyGate and Motherson Sumi Systems
Snap Inc history
Last Updated : 25/03/25, 05:31 PM
Snap Inc.: From Picaboo to Public Offering Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap Inc.’s journey began with the relaunch of Picaboo as Snapchat. Early challenges included a 2013 data breach exposing millions of user details and resisting acquisition offers from Mark Zuckerberg....
SNAP INC NEWS
Snap to close AR division for enterprises months after launch
September 28, 2023 9:19 am
The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms, has been facing the brunt of weak advertising spending from inflation-hit businesses since early last year.
Apple and Meta gave user data to hackers who forged legal requests
March 31, 2022 8:22 am
Apple and Meta provided basic subscriber details, such as a customer’s address, phone number and IP address, in mid-2021 in response to the forged “emergency data requests.”
Spotlight, Snapchat’s answer to TikTok, hopes to democratise earnings in India too
March 16, 2021 3:03 pm
Spotlight is available within the Snapchat app and is an entertainment platform, which contains user-generated content.
Snap announces partnership with short-video app Moj, launches 30 new lenses for creators
February 11, 2021 9:00 am
At the time of the announcement, 30 new lenses have been launched on the Moj app for creators to use.
Snap launches Spectacles 3 with two cameras, wire frames at $380
August 13, 2019 9:47 pm
Spectacles 3, the latest wearable device from the company behind the Snapchat social-messaging app, let users record with two cameras instead of one, and have a steel wire frame rather than the chunkier plastic of previous models.
Snap's 180% surge aided by more teens loving augmented reality
June 07, 2019 12:38 pm
From a growth in users to augmented reality driving engagement, Pivotal Research Group’s Michael Levine says there are "increasing signs of momentum in the business on multiple fronts."
Snap doubles down on AR camera with new Lens experiences, Landmarkers and more
April 05, 2019 9:42 am
Snapchat’s big advantages still remains the camera, especially with its Lens feature, which has the edge in providing an accurate and a rather whimsical take on AR.
Snap Games is officially here: Here's what the new 'gaming' platform offers
April 05, 2019 9:40 am
Snap says the titles releasing on its app will be exclusive and original to Snapchat, and users won’t have to separately download any of these games from the App Store.
Snap user number beats Wall Street estimate, shares soar
February 07, 2019 10:23 pm
In the fourth quarter Snap topped Wall Street with 186 million daily active users, flat with the previous quarter and down 1 million from the same period a year ago. Analysts' average expectation was 184.91 million, according to Refinitiv data.
Snap CEO Evan Spiegel deflects Facebook threat; says innovators win
June 19, 2018 2:58 pm
Snap CEO Evan Spiegel said the company remains focused on the camera and stressed that Snap is a technology company, rather than a media or social-networking service.
