James Murray, who announced his retirement from atop the Secret Service this week, will join Snap later this summer as chief security officer, the social media platform confirmed Thursday. He has been Secret Service director for three years and in law enforcement for nearly three decades. “We’re thrilled … Read entire story.
Source: Deadline
UPDATED with share price, quarterly stats: Shares of Snapchat parent Snap soared 60% on fourth-quarter gains in revenue and daily active users and a chorus of relief across Wall Street that it’s not Facebook. Why? Shares of Facebook parent Meta went the opposite direction, falling 25% and shedding … Read entire story.
Source: Deadline
Shares of Snap plunged 30% in after-hours trading after the company reported solid third quarter number but softer than hoped for revenue forecasts. Snapchat daily users hit 206 million, an increase of 57 million, or 23%, year-over-year. Revenue jumped 57% to $1.067 million. Net losses narrowed to $72 million. … Read entire story.
Source: Deadline
Snapchat parent Snap stock surged 9% Thursday as the company reported a blowout second quarter with beats on the top and bottom line and for daily active users, which hit 293 million — up 23% or 55 million from the year ago. DAUs at the end of the first-quarter were 280 million. … Read entire story.
Source: Deadline
UPDATED throughout: Snap chief financial officer Tim Stone is leaving the company after just eight months “to pursue other opportunities,” the company disclosed in a regulatory filing today. The company’s stock tumbled nearly 8% in after-hours trading to $5.96, as investors reacted to the news. Stone … Read entire story.
Source: Deadline