Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty

Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the ...

Snap Flags Ad Revenue Hit From Middle East Conflict, Slower North America Growth

Snap reported 483 million daily active users in the first quarter, ⁠adding 9 million from the prior quarter. However, daily ...

Snap says its $400M deal with Perplexity ‘amicably ended’

The deal, announced last November, would have seen Perplexity's AI search engine integrated directly into Snapchat.
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Snap cancels $400 million Perplexity AI mega deal amid ad revenue pressure

Snapchat's founder company, Snap, recently took a bold step by ending a $400 million mega-deal with Perplexity AI. The ...

Snap stock is rising ahead of its Q1 earnings

Snap Inc SNAP shares are moving higher on Wednesday ahead of its first‑quarter earnings report, which is set to arrive after ...

Snap layoffs today: 16% of jobs cut as CEO Evan Spiegel is the latest to tout AI advances

The company said Wednesday it would let go of about 1,000 employees. SNAP stock rose over 6% on the news. On Wednesday, April 15, Snap CEO Evan Spiegel announced in a letter to employees that the ...
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Snap lays off 1,000 workers to focus on AI—is this the new norm?

Social media company Snap announced it would lay off 16% of its workforce on Wednesday as it embraces AI in its pursuit of profitability. AI's long-term impact on the job market is still unclear, but ...