Demo Shows ChatGPT Aiding Predator Preying On 13 Year Old Girl

child, internet, social media, smart phone getty A little over a week ago Snapchat integrated ChatGPT into its service. While currently only available for its ~2 million paid users, we can be confiden...

Longtime Snap Exec Ben Schwerin Joins Coatue To Launch Investor’s Los Angeles Office

Ben Schwerin, a longtime Snap executive, is joining investment firm Coatue to launch its Los Angeles office. Getty Images for Snap, Inc. Coatue is tapping a longtime Snap executive to serve as its nex...

Meta Quietly Reduces Staff in Cost-Cutting Push

Meta Platforms is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, accord...

Snap CEO Sees Challenges in Executing Turnaround Drive

Sept. 8, 2022 12:14 am ET Listen to article (2 minutes) Snap Chief Executive Evan Spiegel said he’s bracing for a challenging turnaround period as the company tries to revamp itself and rekindle sales...

What Snapchat’s Layoffs Mean For Investors

Getty Images Key takeaways Snap plans to lay off around 20% of its global workforce, or nearly 1,300 out of 6,400 employees Snap will also cancel some in-house projects to limit liabilities and stream...

Layoffs At Snap, The Open Metaverse, Fortnite VR

We may or may not be entering a recession, but it’s definitely arrived at once high flying social media stocks that depend on advertising. This week Snap laid off 1200 employees, 20% of its workforce....

Digital Advertising Slump The New Signal Of An Upcoming Recession?

Photo by: STRF/STAR MAX/IPx 2020 STRF/STAR MAX/IPx For decades, a decline in local advertising was an early warning sign of an upcoming recession, with local ad sales typically declining as much as a ...