SnapChat

Daily Active Users increased 23% year-over-year to 306 millionRevenue increased 57% year-over-year to $1,067 millionNet loss improved 64% and Adjusted EBITDA improved 209% year-over-yearSANTA MONICA, Calif., October 21, 2021--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2021.Financial HighlightsRevenue increased 57% to $1,067 million in Q3 2021, compared to the prior year.Net loss improved 64% to $(72) million in Q3 2021, compared to the prior year.Adjusted EBITDA improved 209% to $174 million in Q3 2021, compared to the prior year.Operating cash flow was $72 million in Q3 2021, compared to $(55) million in the prior year.Free Cash Flow was $52 million in Q3 2021, compared to $(70) million in the prior year.Common shares outstanding plus shares underlying stock-based awards totaled 1,698 million at September 30, 2021, compared to 1,624 million one year ago."Snap celebrated its 10th anniversary this quarter, and we are excited about the long-term opportunity and potential for our business, as we grew our community to 306 million daily active users, and grew our revenue 57% year-over-year to reach $1.067 billion for the quarter," said Evan Spiegel, CEO. "We’re now operating at the scale necessary to navigate significant headwinds, including changes to…

LONDON, Ky. (WYMT) - A Letcher County teacher was convicted of producing child pornography and cyberstalking a student by a federal jury on Wednesday.48-year-old Charles Evans Hall Jr. was convicted following 30 minutes of deliberation after a three-day trial. He had previously been convicted by a Letcher County grand jury.According to evidence presented at the trial, Hall had convinced a student to create a secret Snapchat account before forcing the child to send sexually explicit pictures and videos over a seven-month period.After Kentucky State Police took Hall’s phone on November 20, 2018, he would continue to talk to the child over Instagram to ask the child to destroy evidence, threatening her if she refused. This resulted in an additional cyberstalking charge.Even after being arrested on November 30, 2018, he continued to communicate with a co-conspirator via his cellmate to continue the cyberstalking campaign on Facebook where he asked the child to make another statement clearing him of all charges. He also used his mother’s account to replay messages to the victim.Hall will appear for sentencing on February 22, 2022. He faces a maximum of 35 years in prison.Copyright 2021 WYMT. All rights reserved.

Snap Inc. is teaming up with Alphabet Inc.’s Google to let owners of the new Pixel 6 phone use its ephemeral photo-sharing app Snapchat with just two taps, its latest attempt to strengthen ties with hardware devices. Dubbed “Quick Tap to Snap,” the new feature will enable users to tap the back of the device twice to open the Snapchat camera directly from the lock screen. Users will have to authenticate before sending photos or videos to a friend or their personal Stories page.  Subscribe to Ad Age now for award-winning news and insight. Snap Chief Executive Officer Evan Spiegel said during a Google presentation Tuesday that he hopes the new feature will allow users to capture the most fleeting of moments. “For Snapchatters, speed matters,” Spiegel said. “Billions of Snaps are created every day, and our community wants to be ready to Snap everyday moments, as they happen.”  Snapchat’s Pixel service will also include extra augmented-reality lenses and integrate some Google features, like live translation in the chat feature, according to the company. Snap, whose social network is popular among people under 25, has been making deals with other companies to expand the use of its augmented reality. In…