Snap Inc. is fighting back against a lawsuit filed by New Mexico’s Attorney General, accusing the company of facilitating child exploitation through its Snapchat platform. The lawsuit alleges Snap prioritizes profits over safety, while Snap counters that the suit misinterprets its practices and conflicts with federal law. Despite the legal battle, Snap reported strong third-quarter earnings.
Snap Inc. exceeded analysts’ expectations in its third-quarter earnings report, driven by a surge in daily active users, promising early results from new ad formats, and the successful launch of ‘Simple Snapchat.’ The company also highlighted its commitment to augmented reality and its strategic focus on the advertising business.
Hours before his tragic death, Liam Payne, the former One Direction singer, shared a lighthearted Snapchat video from Argentina, showcasing a sunny day and a relaxed breakfast. This video, now circulating widely, stands as a poignant reminder of the singer’s joyful spirit just before his untimely passing.
Snap CEO Evan Spiegel announced a renewed focus on advertising and augmented reality, aiming to counter sluggish growth and competition from platforms like Meta and TikTok. The company is implementing machine learning and automation for ad placement and investing in smart glasses, mirroring Meta’s strategy. Despite recent challenges, Snap remains committed to innovating and enhancing its offerings.
Snapchat is introducing new security features to protect teens from predators and harassment on the platform. These updates include expanded in-app warnings, enhanced friend protections, simplified location sharing, and improved blocking measures.
Snapchat Plus members can now explore their own social solar system with Snapchat Planets, a unique feature that visualizes your closest friends based on your interaction with them. Discover how to get Snapchat Planets and what each planet signifies in this guide.
The Parkland County RCMP have charged a 29-year-old man, Kendrik Bozman, with several counts of sexual assault, sexual interference, and luring a child. The charges stem from an investigation that began on April 22nd, after a complaint of child luring and sexual assault involving a youth. Police executed a search warrant at a home and vehicle in Edmonton and subsequently arrested Bozman two days later.
In a significant update, Snapchat is introducing a range of new features, including the ability to set in-app reminders through its My AI chatbot, edit sent chats, and customize Bitmoji looks using generative AI. Additionally, users can now react to friends’ map locations with map reactions and express themselves in chats with emoji reactions. These enhancements are part of Snapchat’s ongoing efforts to offer a more comprehensive and engaging platform for its growing user base.
Snap Inc. (NYSE: SNAP) shares surged 30% on Friday after the company reported strong financial results for the first quarter of 2023. Daily active users grew 10% year-over-year to 422 million, while Snapchat+ subscribers more than tripled. Revenue rose over 20% to $1 billion, prompting analysts to raise their price targets for the stock. Some analysts believe that a potential TikTok ban could further benefit Snapchat. However, the company remains unprofitable, with losses exceeding $300 million in the first quarter. Some analysts remain skeptical about the sustainability of Snap’s recent growth, while others maintain a more optimistic outlook.
Snapchat remains a popular social media platform among the younger generation, boasting over 414 million active daily users worldwide. Its unique features, such as disappearing messages, astrological profiles, and dual camera functionality, continue to captivate users. However, the app’s plethora of slang terms and acronyms can be daunting for those unfamiliar with its jargon. This guide aims to demystify some of the most commonly encountered Snapchat slang, empowering users to navigate the platform with confidence.
