Snap, the parent company of social media platform Snapchat, has introduced new “Specs” augmented reality (AR) glasses on Tuesday with a $2,195 price point, as CEO Evan Spiegel positions the device as a potential successor to traditional smartphones. Both the stock market and social media users rejected the glasses.
Sen. Marsha Blackburn (R-TN) wrote a letter to Snapchat CEO Evan Spiegel, contending that the social media platform “fails to provide parents with adequate warnings about the platform’s dangers,” including adult content and child predators.
Snapchat parent company Snap CEO Evan Spiegel reportedly hired former Time Warner executive Kristen O’Hara as Snap’s Chief Business Officer, before changing his mind two days later.
Snapchat’s market value dropped $1.3 billion after Kylie Jenner dropped a tweet critical of the platform’s most recent update.
Snap Inc., the parent company to Snapchat, has reported that its quarterly loss “nearly quadrupled,” as user growth and revenue growth have started to slow.
Snap Inc. has denied that CEO Evan Spiegel stated that Snapchat was “only for rich people” and he didn’t “want to expand into poor countries like India and Spain.”
Started by two roommates in a Stanford dorm in 2011, Snapchat’s parent, Snap, Inc., filed with the SEC last week for a $3 billion initial public offering (IPO), but admit the company may never make a profit.
Bloomberg reported Wednesday that the social media juggernaut Snapchat has filed to go public at the jaw-dropping valuation of up to $40 billion.
Twins Cameron and Tyler Winklevoss, who scored a $65 million settlement with Mark Zuckerberg for their role in the creation of Facebook, will guest-star on HBO’s critically acclaimed show Silicon Valley.
