Mar 16

Snap Stock Surges On Report That Biden May Ban TikTok

  • Snap shares surged nearly 8% to $11.15 while Meta shares rose a little over 3% to $203.49 after WSJ reported that TikTok faces a possible ban in the U.S. if ByteDance fails to comply with the Biden Administration’s proposition.
  • Investors believe that if TikTok were to be banned in the U.S., social media companies like Snapchat and Meta would regain users lost to the short-form video platform.
Feb 28

Snap Unveils My AI, Snapchat’s ChatGPT-Powered Chatbot

  • My AI is currently available only to Snapchat Plus subscribers, who pay $3.99 a month, as an experimental feature.
  • It is accessible on Snapchat’s chat tab and is situated above your conversation threads with friends.
  • As expected, it can answer questions and take requests from users using natural language. However, unlike Bing’s chatbot, My AI is designed differently to make it a friendly tool for Snap’s young customers.
Feb 23

Snapchat Is Adding Audio Recommendations And Song Syncing

  • Snapchat is introducing a sound recommendation system for Lenses, its popular augmented reality (AR) filters.
  • Users will be able to discover which sounds other people are using with the lens they’ve applied and add popular audio to their own photos or videos.
  • Snapchat is also adding a feature that automatically syncs uploaded photos and videos to the beat of songs when making a montage. 
Jan 31

Snapchat Now Has More Than 2 Million Paid Subscribers

  • Snapchat has more than 2 million paid subscribers on its Snapchat+ program, which costs $3.99 a month and is a part of diversifying its revenue pipelines.
  • Snap was able to attract a million subscribers within 60 days of introducing Snapchat+ showing that it has taken more time for it to reach 2 million paid users.
  • Snapchat+ offers users features like the ability to pin someone as their #1 friend, priority in replies to Snap Star, and many more features.
Jan 06

Snap Is Shutting Down Snap Camera

  • Snap announced the change on its support page for Snap Camera, saying that it’ll “no longer be available to use or download” On January 25th.
  • While the company points out that you can still access a wide array of Snapchat filters on the web version of the app, that’s not quite the same as being able to show up to your office meeting using the dog filter.