Snap shares soared after CEO Evan Spiegel touted the company's highest Q3 growth rate since 2017. The outspoken executive used Tuesday's earnings call to highlight the social media platform's efforts to engage users "following the murders of George Floyd, Ahmaud Arbery and Breonna Taylor."
The upbeat earnings report sent its stock soaring 20% in after-hours trading.
- TikTok CEO Promises More Transparency, Jabs Facebook for ... ›
- Meet Snap's New Class of Yellow Accelerator Program Startups ... ›
- Snap Cancels Its Snap Partner Summit, Adds New Board Member ... ›
- LA Tech Updates: Jukin Media Gets a New Co-CEO; Snap Expands ... ›
- snap launches bitmoji tv - dot.LA ›
- Snap Releases Dismal Diversity Report - dot.LA ›
- Snap Beats Expectations, Up 17% Year Over Year - dot.LA ›
L.A.-based short-form social-video app Triller continues to jockey for position with rival TikTok.
On Friday the company launched a live-streaming feature that will allow users to post content in real time, similar to Instagram Live and TikTok's Go Live.
- The Case for Triller - dot.LA ›
- 'It's a Nightmare Either Way': Triller Co-Owner Sees Trouble Ahead ... ›
'They Felt so Much More Joy': Dispo Reintroduces Retro Camera Waiting Periods to an Instant-Gratification Generation
It's 2020 and waiting for photos to develop is cool again.
That's at least what investors in a $4 million seed round for the "disposable camera" app Dispo hope. The Los Angeles-based platform co-founded by hit YouTuber David Dobrik announced Wednesday it closed a funding round led by Alexis Ohanian's venture fund Seven Seven Six.
The app, previously known as David's Disposables, has seen 2.6 million downloads since launching on Christmas Day last year. It's a camera app that makes users wait a day for their photos to "develop," recreating the anticipation of waiting to pick up a roll of film.