Amazon announced another round of layoffs as part of what CEO Andy Jassy described as an ongoing cultural reset. Tens of thousands of roles have been eliminated over the past two years as the company restructures around cloud infrastructure, AI services, and operational efficiency.
Snap on Wednesday said its unit working on the development of augmented reality glasses is now housed under a wholly owned subsidiary named Specs Inc. The company said the subsidiary will provide "greater operational focus and alignment" as Snap gears up to launch Specs AR glasses this year.
A group of YouTubers suing tech giants for scraping their videos without permission to train AI models has now added Snap to their list of defendants. The plaintiffs, internet content creators behind a trio of YouTube channels with roughly 6.2 million collective subscribers, allege that Snap has trained its AI systems on their video content for AI features like the app's “Imagine Lens,” which a...
Snapchat on Wednesday confirmed it made a deal to avoid a US civil trial accusing it, along with Meta, TikTok, and YouTube, of addicting young people to social media.
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss fourth quarter and full year 2025 financial results on Wednesday, February 4, 2026 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be accessible on Snap Inc.'s Investor Relations website for at least 90 days at: http://investo...
Snap remains uninvestable with persistent losses, ongoing dilution, and no tangible progress toward profitability after 15 years. SNAP's user growth is concentrated in low-ARPU regions, while North American DAUs and revenue growth are stagnating or declining. Operational leverage is absent; expenses as a percentage of sales continue to rise, and SBC-adjusted free cash flow remains deeply negative.
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