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Posts Tagged ‘snap’

ByteDance, TikTok’s parent company, plans to launch a free music streaming app

Does the overcrowded and cut-throat music streaming business have room for an additional player? The world’s most valuable startup certainly thinks so. Chinese conglomerate ByteDance, valued at over $75 billion, is working on a music streaming service, two sources familiar with the matter told TechCrunch. The company, which operates popular app TikTok, has held discussions ...

Snap appoints new execs as it aims to keep 2019 momentum

Snap has another appointment in the apt saga of its ephemeral CFOs. Four months after losing its CFO Tim Stone following a reported “personality clash” between Stone and CEO Evan Spiegel, Snap has promoted its VP of Finance Derek Andersen to the role, the company said Monday. Andersen is the company’s third CFO since March ...

Snapchat CEO Evan Spiegel will reappear at Disrupt SF

He invented modern social media, then had it stolen from him. So how does Evan Spiegel feel about it, and how will he turn Snapchat’s product leadership into a profitable business? We’ll bring you the answers at TechCrunch Disrupt SF, where Snap CEO Evan Spiegel will join us. Come learn how Spiegel analyzes behavior to ...

USDA launches pilot program allowing SNAP recipients to shop for groceries online

The USDA this morning announced the launch of a pilot program that will open up online grocery shopping to those on public assistance. During a two-year pilot program, those receiving SNAP (Supplemental Nutrition Assistance Program) benefits — often referred to as “food stamps” — will be able to shop for groceries from online retailers, including ...

Snap is channeling Asia’s messaging giants with its move into gaming

Snap is taking a leaf out of the Asian messaging app playbook as its social messaging service enters a new era. The company unveiled a series of new strategies that are aimed at breathing fresh life into the service which has been ruthlessly cloned by Facebook across Instagram, WhatsApp, and even its primary social network. ...

China’s Tencent is raising $6 billion through a bond sale

Tencent, Asia’s largest tech firm, is raising $6 billion after the Hong Kong-listed firm announced a new note sale today. Tencent last tapped the markets when it raised $5 billion in January 2018. This time around, it is offering a five-tranche bond that is almost in line with reports earlier this week, which speculated that ...

Tencent Q4 profit disappoints, but cloud and payments gain ground

China’s Tencent reported disappointing profits in the fourth quarter on the back of surging costs but saw emerging businesses pick up steam as it plots to diversify amid slackening gaming revenues. Net profit for the quarter slid 32 percent to 14.2 billion yuan ($2.1 billion), behind analysts’ forecast of 18.3 billion yuan. The decrease was ...