Photo messaging app Snapchat has surpassed 750 million monthly active users, Snap CEO Evan Spiegel announced Thursday at an investor presentation. The social media app, known for its disappearing photo messages, said the number of people using the app at least once a month rose 25% from April 2022, when it reported 600 million monthly active users. Snap last year shifted its strategy to focus...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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