Evan Spiegel said that the tactic may seem unfair, but it lays the groundwork for the creativity and critical thinking skills among employees during their tenure at the social media company.
“There was a recognition that we’d fallen behind the curve on the machine learning side, which, to some degree, was reflected in the business performance,” Spiegel said
The format of the email didn't just grab Snapchat CEO Evan Spiegel's attention in 2014, it has found admirers even now.
Snapchat's Evan Spiegel said, 'There are a couple of Batman-related lenses in my carousel right now that I've been having fun with.'
Mohan will lead Snap's business in India, Australia and New Zealand, China, Japan, Singapore, Malaysia, Indonesia and Korea markets.
Snap CEO Evan Spiegel sent staff an internal memo warning of a hiring slowdown in response to a “challenging macroeconomic environment.”
Snap Inc posted its first-ever quarterly net profit of $22.6 million in Q4 2021, while revenue increased 42% year-on-year (YoY) to $1.3 billion
Though its second largest market globally in terms of user base, monetisation in this country is a challenge, says the firm; is keen that users inculcate its 'value proposition'
So large, and yet, so small — that's India for Snapchat. Over the last year, it has grown by leaps and bounds to over 60 million active users. This should ideally have been an inflection point in India — with the surge in users, and brands warming up, it should have been raining deals for the company. And yet, Snapchat is still a long way from becoming the top choice for advertisers. Unless it innovates quickly, it will fall further behind its rivals
The company, trading under the ticker SNAP, priced its 200 million share public offering at USD 17 a share on Wednesday. The IPO was 12 times oversubscribed, sources said.
Snap is targeting a valuation of between USD 19.5 billion and USD 22.3 billion from listing on the New York Stock Exchange in two weeks. It cut its initial target of USD 20 billion-USD 25 billion last week following negative investor feedback.
Facebook said last week that it had doubled daily video views to 8 billion from 4 billion in April, according to the report, which notes that social networking groups are vying for eyeballs in the fast-growing video segment.
Zuckerberg is joined on the list by fellow Facebook co-founders Dustin Moskovitz, who claimed the second place on the list with an estimated net worth of USD 9.3 billion and Eduardo Saverin who was ranked fourth with an estimated net of USD 5.3 billion. The top-20 list features only six women.
Privacy woes for safe self-destructing messaging apps just dont seem to end.