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Snapchat to launch gaming platform next month: Report

Saturday, March 16, 2019, 11:18 AM

Parent of Snapchat messaging app Snap plans to announce its gaming platform for developers next month, online news service Cheddar reported. Shares of the company rose nearly 3 percent in trading before the bell. The platform, codenamed "Project Cognac," will feature a handful of games from outside developers designed to work specifically in the Snapchat app, according to the report.
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Snap hits all-time low after lackluster earnings report

Friday, October 26, 2018, 12:59 PM

Snap stock shed more than 12 percent to an all-time low in extended trading Thursday after warning investors it will continue to lose daily active users. The company posted a narrower-than-expected loss for the third quarter, as the company offsets declining user counts with higher revenue per user. But wasn't able to quell concerns about its shrinking user base.
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Snapchat's redesign cost it millions of users

Wednesday, August 8, 2018, 10:48 AM

Snapchat CEO Evan Spiegel revealed the photo-sharing app lost 2% of its 191 million daily active users during the April-June period due to "disruption caused by the redesign". This comes after users complained the app became confusing due to the redesign. The user loss was the first since the company went public, however, revenue increased 44% year-over-year to $262 million.

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