Snapchat creator’s ambitions in augmented reality and online advertising hit by growing strength of arch-rival Meta
Microsoft, eBay and PayPal have each cut thousands of jobs since the start of the year
Social media company’s earnings underwhelmed investors a day after it announced lay-offs
Evan Spiegel’s social networking company bets on new features in bid to recover from a bruising stock sell-off
A growing body of evidence links a rise in depression in children to social media use. Will it lead to more regulation?
Social media app’s shares drop after-hours as it reports slowest pace of revenue growth since going public in 2017
UK’s Online Safety Bill requires stronger age verification measures for platforms including TikTok, Instagram and Snapchat
Companies expected to report sharp revenue comedown after pandemic-fuelled digital boom
Messaging app maker predicts revenue growth will slow through end of year
Slow growth prompts social media group to slash investment in augmented reality glasses and video content production
But social media group is growing its user base at a faster clip than rivals such as Meta
Weak earnings raise fears that inflation and interest rates are starting to hit social media companies
Social media company said it will ‘substantially reduce’ hiring and shake up strategy
Social media platform is the latest to dabble in digital assets to attract influencers despite crypto crash
Nasdaq sinks after Snap warning fuels further drop in tech sector
The horror . . . the horror
Airbnb’s China retreat, Digital nomad-eira, Logitech’s MX Mechanical
Social media company’s shares plunge after it says conditions have ‘deteriorated further and faster than anticipated’
In the last quarter, R&D expenses were $455.5mn — 43% of revenue
The app now has 100mn more users than Twitter and its user base is growing faster than Facebook’s
Twitter overstates its user figures, Apple’s new antitrust challenge and a pocket Polaroid camera
Google, Apple and Amazon benefit from demand for digital services and cloud computing
Thursday’s S&P 500 advance masked widespread declines in equities.
Changes cost rivals billions in advertising revenue and helps its own ad business to thrive
Forcing apps to ask for permission to track users for advertising purposes leads to big hit for social media platforms
