Published 2 months ago

Snap to close AR division for enterprises months after launch

Summary by Ground News

Snap shares skyrocket 30 per cent as it records user boom. Snap strikes new licensing deal with Sony for immersive music filters. Chief exec warns against revenue and hiring slowdown. Snap culls workforce by a fifth as firm scrambles for revenue growth. Snap raises $3.4bn in biggest tech float since Facebook.

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Channel News Asia

Snap to close AR division for enterprises months after launch

:Snap Inc is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy.The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms,

2 months ago·Singapore

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The Print

Snap to close augmented reality division for enterprises

(Reuters) -Snap Inc said on Wednesday it was shutting its division focused on making augmented reality (AR) services for businesses months after it was launched, as the ad-dependent social media

2 months ago·India

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WTVB

Snap to close augmented reality division for enterprises

(Reuters) - Social media company Snap Inc said on Wednesday it was closing its division focused on making augmented reality services for businesses. (Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)

2 months ago

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City AM

Snap to close new augmented reality division after launching in March

Snap Inc, the company behind Snapchat, is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a tough economy. The closure of the division will result in about 170 job cuts, said Snap, which like other social media firms, has been facing the brunt of weak advertising spending from inflation-hit businesses since early last year. S…

2 months ago·London, United Kingdom

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