Adam Neumann’s bid for WeWork’s scraps

Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Snap is looking to unify user experience across Spotlight and Stories

Snap’s stock plunged 30% on Tuesday after announcing Q4 2023 results that didn’t meet analyst expectations. On the earnings call, CEO Evan Spiegel said the company is taking a few steps th

Following this week’s layoffs, Snap’s stock tanks 30% after announcing Q4 earnings

Snap is not having a good quarter. Following this week’s news that the company was laying off 10% of its workforce, amounting to hundreds of employees, the company’s stock is now crashing

Snapchat’s parent lays off 10% of workforce in order to ‘reduce hierarchy,’ says company

Snapchat maker Snap is the latest tech company to conduct layoffs with its newly announced plans for a 10% workforce reduction, the company said on Monday. The layoffs would impact roughly 500-plus em

Snap recalls discontinued Pixy drone over fire risk

Snap and the Consumer Product Safety Commission (CPSC) are recalling the company’s discontinued Pixy drone and telling owners to stop using it or charging the batteries because of a fire hazard.

Senate hearing with five social media CEOs was a missed opportunity

Five social media CEOs were sworn in on Wednesday for what could have been the most eventful children’s online safety hearing yet. But even with some of tech’s most powerful figures under

Snap CEO says 20 million US teens use Snapchat, but only 200,000 parents use its Family Center controls

During today’s Senate Judiciary Committee hearing on kids’ online safety, Snap CEO Evan Spiegel shared that 20 million teenagers use Snapchat in the United States and that around 200,000 parents u

CEOs from Meta, TikTok, Snap, X and Discord head to Congress for kids’ online safety hearing

CEOs from some of the biggest social platforms will appear before Congress on Wednesday to defend their companies against mounting criticism that they have done too little to protect kids and teens on

Snapchat now lets parents restrict their teens from using the app’s ‘My AI’ chatbot

Snapchat is introducing new parental controls that will allow parents to restrict their teens from interacting with the app’s AI chatbot. The changes will also allow parents to view their teens&

Snapchat+ subscribers can now create and send AI-generated images

Snapchat is releasing a few new AI powered features for Snapchat+ subscribers, the company announced on Tuesday. Most notably, subscribers can now create and send AI-generated images based on a text p

Snapchat+ keeps growing as net revenue tops $20M for first time

Snapchat’s premium subscription is showing no signs of slowing growth as it comes off its best month ever, in terms of in-app revenue, new data indicates. As it turns out, many of Snapchat&#8217

Amazon strikes deal with Snap to let users buy its products from ads on Snapchat

Amazon has entered into a partnership with Snap to allow users to buy its products directly from ads on the social app, the company confirmed to TechCrunch. The news was first reported by The Informat

Snap confirms small-scale layoffs as part of product team re-org

Snap confirmed that a workforce reorganization has resulted in a small number of layoffs for the app maker, impacting people in product management roles. The layoffs were not directly tied to specific

Snap’s latest version of its AR development tool includes a ChatGPT API, boosted productivity and more

Snap is releasing a new version of its AR development tool, called the Lens Studio 5.0 Beta, to developers starting today. The new AR development tool is designed to support more advanced AR developme

Does X’s new valuation make sense?

Snap and X are quite different, but they also share much. Let's compare what we know about their finances to find out if X's new valuation is fair.

Snap partners with edtech company Inspirit to bring its AR tech to 50 US schools

Snap is partnering with edtech company Inspirit to bring augmented reality into classrooms to help students better understand STEM lessons, the company announced on Wednesday. The two companies are wo

Snapchat is now allowing websites to embed content

Snapchat has relied on people consuming content on its own app. But now the social network is allowing websites to embed public content, including Lenses, Spotlight videos, Public Stories, and Public

Snap shutters its enterprise services division after less than a year

Snap is closing down a division of its company designed to offer its AR expertise to enterprise customers. The initiative, called AR Enterprise Service, or ARES, was announced in March of this year, a

Snap partners with Microsoft on ads in its ‘My AI’ chatbot feature

Snapchat has a new advertising partner in Microsoft for the ads it’s inserting into its AI product, My AI, an AI chatbot introduced earlier this year to the wider Snapchat user base. The company

Snapchat now has over 5M paying users for Snapchat+

Snapchat announced today its subscription service for power users, Snapchat+, has now topped 5 million subscribers.
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