The Business Times

Snapchat

International

Australia says social media ban will not age test all users

Snap has revamped its advertising business over the last several years, focusing on direct response ads that prompt users to take a specific action.
Telcos, Media & Tech

Snap gains on results suggesting ad revamp is working

“When we started Snapchat, we wanted something different, and we didn’t like the way that social media made us feel,” Snap CEO Evan Spiegel said.
Telcos, Media & Tech

Snapchat pushes ‘safer’ platform image, but not everyone agrees

Spectacles will not be sold to consumers initially and instead will be available for US$99 per month to developers who create AR features.
Telcos, Media & Tech

Snap advances bet on augmented reality with new version of Spectacles glasses

Snap reported quarterly revenue of US$1.24 billion, just shy of analyst’s expectations of US$1.25 billion.
Companies & Markets

Snap shares tumble on weaker quarterly sales, profit outlook

Snap’s advancements will now allow AR developers to create more realistic lenses.
Telcos, Media & Tech

Snap launches AI tools for advanced augmented reality

Youth advocates and lawmakers have long accused social media platforms like Facebook, Instagram, TikTok and Snapchat of what they say is a harmful effect on kids, including shortened attention spans, promoting negative body images, and making them vulnerable to online bullies and predators.
International

US Surgeon General calls for social media warning labels to protect adolescents

Offices for Twitter in San Francisco, on Oct. 6, 2022.
ListicleTechnology

Big Tech, big layoffs – the tally so far

TikTok is expected to generate US$8.66 billion in US ad revenue this year according to an estimate from research firm Emarketer.
Telcos, Media & Tech

Tech platforms make pitch for ad deals as TikTok is roiled by politics

“In order to best position our business to execute on our highest priorities, and to ensure we have the capacity to invest incrementally to support our growth over time, we have made the difficult decision to restructure our team,” Snap says.
Telcos, Media & Tech

Snap to lay off 10% of its workforce as spate of job cuts continue

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