Snap | Pixr8 News

Snap Brings on Board Amazon & HuffPost Senior Executives

26Oct By Gauri SinghNo Comments

News

Snap Brings on Board Amazon & HuffPost Senior Executives

The parent company of the photo messaging app Snapchat called Snap Inc has announced the appointment of Amazon's head of advertising Jeremi Gorman as its chief business officer. Along with him, HuffPost media company Chief Executive Jared Grusd will also join as the chief strategy officer. The moves were disclosed in an internal memo shared by Snap. It was last month that Snap said its Chief Strategy Officer Imran Khan would step down, with his last day still undetermined. Khan was the latest top-level resignation from the company surrounded by pressure to stem a drop in users following a controversial redesign of the Snapchat app. Snap has set an aim of becoming profitable next year by growing users and ad sales. Snap did not previously have a chief business officer overseeing it...

Raheel Khursheed Becomes Snap’s Country Head

8Oct By Gauri SinghNo Comments

News

Raheel Khursheed Becomes Snap’s Country Head

The former head for Twitter news for India, Raheel Khursheed has now been appointed as the country head of disappearing message application Snap. Khursheed is Snap’s first India hire and is likely to lead India operations for the company. “I recently started an all encompassing role at @Snap - leading the market entry of the world’s largest camera app into the Indian landscape. My official designation is country expert, India,” tweeted Khursheed on the social site Twitter. @Snap is at an incredible crossroads in India. It has had a 75+ yoy growth and has a robust user base that indexes 55% female. This is a special thing and we intend to build on this. Stay tuned for more. pic.twitter.com/HxfaTQvt4h — Raheel Khursheed (@Raheelk) October 4, 2018 Last year, Evan Spiegel...

Snapchat Will Sack More than 120 Engineers

10Mar By Sheldan RungasamyNo Comments

News

Snapchat Will Sack More than 120 Engineers

Snapchat parent company, Snap Inc, sent a memo to employees on Thursday stating they were going to lay off 120 engineers from their team and reorganize it, according to Reuters. The maker of the smartphone app popular for disappearing images has had a rough start to the year 2018 and are now under pressure from investors to reduce spendings after analyst expectations during Snap’s first year as a publicly traded company came short of the predicted figures. The company based in southern California will, however, offer a package of benefits to all those getting the sack, according to the memo from Jerry Hunter, senior vice president for engineering. It is still unclear who are those who will be laid off and Snap scheduled a staff meeting for March 14 to explain the reorganization and a...

Looking For An Uber? Book It Through Snapchat’s ‘Context Cards’

11Oct By reutersNo Comments

News

Looking For An Uber? Book It Through Snapchat’s ‘Context Cards’

Snap Inc’s Snapchat on Tuesday introduced “context cards”, a new feature that will allow users to book an Uber ride or reserve a seat at a restaurant without leaving the messaging app. The new feature is aimed at increasing the time a user spends on the app by providing contextual location-based search, potentially helping the company to get more advertising dollars. Snapchat, popular with young people for applying bunny faces or other filters to their pictures, competes for ad dollars with the likes of Facebook Inc’s Instagram. The new cards allow users viewing stories to swipe up and get relevant information about a business such as reviews, directions or contact information, the company said in a blog post. RELATED Snapchat Removes Al Jazeera Channel In Saudi Arabia ...

Snapchat Stock Falls as Alleged CEO Comments on India

18Apr By AdityaNo Comments

News

Snapchat Stock Falls as Alleged CEO Comments on India

Shares of Snap fell 1.5 percent as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritising growth in India and Spain because they were "poor" countries. The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company in three years. Twitter users using the #boycottsnapchat hashtag called for uninstalling the Snapchat app after a legal document unsealed last week alleged that Snap Chief Executive Evan Spiegel in 2015 said he was uninterested in prioritising growth in India and Spain because they were "poor". The legal document filed in a Los Angeles state court concerns claims made in a lawsuit filed by an employee who left the company...

Snap’s Shares Set For Trading Pop After $3.4 Billion IPO

3Mar By reutersNo Comments

BUSINESS

Snap’s Shares Set For Trading Pop After $3.4 Billion IPO

Snap Inc's in-demand shares were set to rally on their first day of trading in New York on Thursday, after the owner of the popular Snapchat messaging app raised USD3.4 billion in its initial public offering (IPO), above its price expectations. Early indications pointed to the shares opening up at between USD22 and USD24, after the IPO priced on Wednesday at USD 17 per share. The IPO book was oversubscribed by more than 10 times, boosting the chances of a pop on the first day of trading. The New York Stock Exchange carried out a trial run last week to make sure the third-biggest technology IPO ever goes smoothly. Facebook Inc's eagerly awaited market debut in 2012 was marred by a technical glitch at rival exchange Nasdaq. After pricing its IPO at USD17 a share, the owner of the po...