It aims to funnel the proceeds into AR, media content as well as acquisitions. In a significant development, Snap Inc disclosed it will raise $1 billion in short-term debt. It plans to invest the proceeds in augmented reality features, media content or could also channel it for making acquisitions. Following a rough 2018, Snap, the…
The lawsuit is in the same line as those it filed against Facebook and Snap last year. BlackBerry Ltd has filed a patent infringement lawsuit against Twitter alleging that it illegally used technology that it developed on its mobile messaging applications. The lawsuit states, Twitter wrongly sought to compensate for being a “relative latecomer” to…
Imran Khan, Snap Inc’s Chief Strategy Officer is set to step down. His last day of working has yet to be disclosed. On Monday, Snap Inc statement its Chief Strategy Officer, Imran Khan, would be stepping down from the company. Khan became Snap’s Chief Strategy Officer in 2015. His last date of working for Snap…
Tesla has hired Snap Inc’s Stuart Bowers who will now be its vice president of engineering. Electric carmaker Tesla Inc stated it has hired Stuart Bowers, Snap Inc’s vice president of monetization engineering, as its VP of engineering. He will work on Tesla’s Autopilot software and other projects. In recent days, several senior executives have…
Facebook Inc has hired Matthew Henick, to lead its global video content strategy and planning, and has hired Mike Bidgoli to lead its Facebook Watch product team. Through a social media post Facebook Inc disclosed that it has hired the former head of BuzzFeed Studios to lead its global video content; it also said, it…
“Watch” will initially be limited to a select group and will eventually expand to global video content producers. In a significant development, Facebook Inc. made its biggest move to date in its efforts to expand its footprint in its video offering by entering into the television market. Its programming will range from parenting programs,…
Its AR lenses allows just about any object to be used as a billboard. In the next iteration of Snapchat’s Lenses could be a significant evolutionary step: The Information has reported that Snap. Inc is developing a smarter version of its world lenses and cute filters which could overlay images, including advertising, onto almost any real-world…
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