Messaging

Snapchat’s Evan Spiegel not-so-subtly bashes Facebook for spreading fake news

7 months ago adcity Comments Off on Snapchat’s Evan Spiegel not-so-subtly bashes Facebook for spreading fake news
In order to promote the “new Snapchat,” a massive redesign of the struggling app, the company’s CEO also penned an op-ed for Axios that tore into Facebook. Without ever naming the company’s arch-rival, Evan Spiegel blames it for the spread of fake news, for destroying human relationships, and weakening the media. “The personalized newsfeed revolutionized Read More

This is what happens when Facebook eats your business

7 months ago adcity Comments Off on This is what happens when Facebook eats your business
When Facebook decides it wants to get into your business, beware. Snap, the parent company of Snapchat, announced its quarterly earnings today, and they were dire. The company’s stock plummeted over 17%, or about $2.50, to $12.60 in after-hours trading, after it missed Wall Street’s expectations. Its stock has not traded above its initial public Read More