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Snap and Burn: Staff Stunned As Evan Spiegel Cuts Projects to the Bone

The Snap cofounder has always shunned Wall Street and taken big bets that won't pay off for years. In August, that approach suddenly changed.

Snap snaps up database developer KeyDB to make its infrastructure more snappy – TechCrunch

As Snapchat’s app continues to grow, the company is turning to the open source community to help further improve its technology infrastructure. This morning, Snap announced it’s acquiring the Toronto-based KeyDB, the developer of an open-source, high-performance database, for an undisclosed sum. The startup’s six-person team, including its co-founders John Sully and Ben Schermel, will […]

Snap upgrades its AR Shopping features with real-time pricing, more product details – TechCrunch

Snapchat is upgrading its AR shopping experience today with updates to both to the Shopping Lenses inside its social app as well as to the analytics shared with Snap’s brand and retail partners. For consumers, the AR shopping features become more practical to use, as they’ll now display key product information, updated in real-time, like […]

Snap Stock Craters 23% After Q3 Revenue Miss Despite Hitting 306 Million Users

Snap Stock Craters 23% After Q3 Revenue Miss Despite Hitting 306 Million Users
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