Snap Inc SNAP

Communication Services

Snap Inc. is a technology company. The Company's flagship product, Snapchat, is a visual messaging application that enhances relationships with friends, family, and the world. Snapchat is its core mobile device application and contains five distinct tabs, complemented by additional tools that function outside of the application. Snapchatters can interact with all five, or a subset of those five tabs. Additionally, the Company offers Snapchat+, its subscription product that provides subscribers access to exclusive, experimental, and pre-release features. Snapchat+ offers a range of features from allowing Snapchatters to customize the look and feel of their application, to giving special insights into their friendships. It also offers Snapchat for Web, a browser-based product that brings Snapchats calling and messaging capabilities to the Web. Its advertising products include AR Ads, AR Lenses and Snap Ads. Snap Ads include Single Image or Video Ads, Story Ads, Collection Ads and others.

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Snap Inc

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Post by AwareInvestoron Aug 31, 2022 8:22am

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Post# 34931764

Snap Falls 7% Amid Reports Of 20% Workforce Layoff, Ad Exec

Following the expected guidance miss, Snap Inc. is rumored to be considering letting go 20% of its employees.

The report, broke by The Verge, relayed what people familiar with the matter said of the plans of cutting one-fifth of the tech firm’s 6,400 workforce. The layoffs have reportedly been in the pipeline for weeks and will begin on Wednesday.

https://thedeepdive.ca/snap-falls-7-amid-reports-of-20-workforce-layoff-ad-exec-leaving-for-netflix/

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