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ANI | Updated: May 28, 2022 18:06 IST Washington , May 28 (ANI): This week, Snapchat introduced a new feature called 'Shared Stories.' This feature comes as an evolution of 'Custom Stories,' allowing users to already create a story and then invite friends to collaborate on subsequent posts. However, sharing a story allows more people to contribute to one story.According to the company's official blog, 'Shared Stories' aims to help the users "turn shared moments into shared memories."As per 9to5Mac, the Shared Stories feature works in quite a simple way. Just like any other story shared on Snapchat, 'Shared Stories' disappear after 24 hours. What changes here is that you can select friends who can complement that story with even more photos or videos, and these friends can also invite others to do the same. One can invite their friends to create a shared story for their party, while these friends can also add new stories that will be displayed with the original. Also, friends will have access to that option when invited. In this way, everyone can work together to create memories of this event.According to Snapchat, content added to custom stories is "carefully moderated" using a combination of…

It’s another Friday in the life and we know you’re pumped up to step back from work and get some good rest. As you prepare for all of that, we believe it’s important to share Global Roundup with you. Because we understand you’re busy, we’re bringing back exciting updates across the globe that you missed during the week. From Jack Dorsey’s exit from the Twitter board to Snap’s shares taking a plunge, this edition of Global Roundup is loaded! Let’s get into these and more updates: Jack Dorsey exits the Twitter board Former Twitter CEO Jack Dorsey’s time at the company has come to an end. Dorsey stepped down from Twitter’s board of directors Wednesday, a change that’s effective as of the company’s shareholders’ meeting. Dorsey, according to Techcrunch, had already begun to distance himself from the social media platform he co-founded, leaving Twitter’s chief executive role late last year to focus on his fintech company, Block, formerly known as Square. Global Roundup: Jack Dorsey exited Twitter’s board on Wednesday. CNet It wasn’t a surprise that Dorsey didn’t stand for reinstatement to the panel — in November he said he would step down as CEO as well as leave the board when his…

Please try another search Stock Markets1 hour ago (May 27, 2022 11:02AM ET) © Reuters. FILE PHOTO: A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson By Nivedita Balu and Medha Singh (Reuters) - Snap Inc (NYSE:) shares plunged more than 40% and sparked a sector-wide selloff on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry. The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout. Snap shares closed at $12.79, lower than their 2017 IPO price of $17. Meta Platforms, Pinterest (NYSE:), Twitter (NYSE:) and Google-parent Alphabet (NASDAQ:) dropped between 5% and 24%. Snap said on Monday it was expecting to miss quarterly revenue and profit targets set just a month earlier and would have to slow hiring and lower spending. Valuations for social media stocks are coming back down to earth after the companies posted unprecedented growth last year when…

COLUMBUS, Ohio (WCMH) – The FBI has arrested a Florida doctor after an Ohio woman sent in a tip alleging that he tried to buy underage girls as sex slaves. Alan Li, 26, faces charges of attempted sex trafficking of a minor and attempted coercion or enticement of a minor. WCMH obtained documents related to the FBI’s investigation into the doctor, who worked at a Miami Beach, Florida, hospital, that showed the agency started looking into him in March when it got a tip from a woman in Columbus. Investigation begins The woman — whose name was not included in court documents — said she met Li a year ago in Columbus through a dating website, and they met up for a night. During their time together, she told him about when she was trafficked at a young age, according to the FBI. After losing contact for several months, Li reached out to her on March 12 over Snapchat, and the woman shared her conversation with Li with the FBI. “You said you were trafficked right?” Li allegedly asked the woman. “My friend wants to meet young girls and he is willing to pay, can you help him out? The…

This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Adding another social commerce feature to its lineup, Snapchat users on Android and iOS can now share eBay listings using the Snapchat Camera, the platform announced Thursday.  When users share listings from the eBay app, the Snapchat Camera will automatically generate an eBay sticker. When other Snapchat story viewers tap the eBay sticker, they will be redirected toward the listing in the eBay app.  Brands can create their own linked Stickers for Snapchat Stories using its Firebase Extension, Snap said. Dive Insight: Snapchat seeks to cross-pollinate eBay's more than 142 million buyers with its users.  The platform has been courting brands and retailers over the past couple of years. Before teaming up with eBay, Snapchat collaborated with Poshmark to create the Poshmark Mini shopping experience within Snapchat last May. The platform has also partnered with brands and retailers like American Eagle, Walmart and Hollister to create AR shopping experiences within the app. Snapchat also recently introduced other social commerce features for users. In January, the social network released a new shopping lens that allows users to look at multiple products simultaneously. Earlier this month, the app unveiled multiple…

Drones are everywhere these days, filming dramatic reveals and awe-inspiring scenery for social media platforms. The problem is, they’re not exactly approachable for beginners who have only ever used a smartphone. Last month, Snap debuted the $230 Pixy drone exactly for those people. It requires very little skill and acts like a personal robot photographer to help you produce nifty aerial shots. You don’t need to pilot the Pixy. In fact, you couldn’t if you wanted to. Rather, it flies by itself, performing pre-programmed patterns that put the focus on you, the user. It has great potential for things like parties or tourist activities, grabbing awesome aerial shots with almost no user intervention. Snap calls itself a camera company, but its other photo-centric products like Spectacles have met with limited success. To me, the Pixy drone holds more promise because it could help users get more interesting content than they could with a phone or regular camera. I’ve had one for the last week in the French countryside, so let’s see if it’s as versatile as I hope. Hardware and setup Gallery: Pixy drone hands-on: A flying robot photographer for Snapchat users | 20 Photos Gallery: Pixy drone hands-on: A…

Social media stocks shed about $147bn (€137bn) in market value yesterday after Snap’s profit warning, adding to woes for the sector which is already reeling amid stalling user growth and rate-hike fears. hares in digital ad-dependent Snap tumbled as much as 38pc, their biggest intraday decline ever, erasing about $13bn in market value. Added to the value of declines for peers including Facebook-owner Meta Platforms, Google-owner Alphabet, Twitter and Pinterest, the group has seen $147.3bn billion wiped out. Snap, whose CEO is Evan Spiegel, was trading at about $14, below its 2017 initial public offering price of $17. "At this point, our sense is this is more macro and industry-driven versus Snap specific," Piper Sandler analyst Tom Champion wrote in a note. Others on Wall Street agreed, with Citi analyst Ronald Josey saying "a slowing macro is likely impacting advertising results across the broader Internet sector, although we believe platforms more exposed to brand advertising – like Twitter, Google's YouTube, and Pinterest – are likely experiencing a greater impact overall." The owner of the Snapchat app, which sends disappearing messages and adds special effects to videos, reported quarterly user growth in April that topped estimates. But with the company saying just a…

Damian J. Troise  |  The Associated PressNEW YORK (AP) — Stocks fell in morning trading on Wall Street Tuesday, weighed down by a big decline in tech heavyweights over concerns about persistently rising inflation's impact to their bottom lines.The S&P 500 index fell 2.1% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average fell 351 points, or 1.1%, to 31,524 and the Nasdaq fell 3.6%.A stark profit warning from Snapchat’s parent company spooked investors into dumping the stocks of major social media companies. Snap plummeted 39%, while Facebook's parent, Meta, slumped 10%. Google's parent fell 8%.Technology and communications stocks, with their lofty values, tend to have an outsize influence on the market.Why are tech stocks down?The sectors have been responsible for much of the volatility the market has seen recently as well as a broad decline the market's major indexes have seen since early April as investors worry about the impact of rising inflation on businesses and consumers.Retailers and companies that rely on direct consumer spending also fell sharply. Amazon shed 4.3% and Target fell 3.9%.Bond yields fell. The yield on the 10-year Treasury fell to 2.75% from 2.86% late Monday. Falling bond yields weighed on banks, which rely on higher…

Social media firms sink after bleak warning from Snapchat parent underlines how the Russia-Ukraine war, surging inflation and rising interest rates are hobbling social media companies at a time when they had just started recovering the impact of changes to Apple's iOS operating system. Reuters May 24, 2022 / 08:40 PM IST (Representative Image)  Snap Inc's (SNAP.N) shares plunged nearly 40% on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry, sparking a sector-wide selloff.The company was on course to erase more than $14 billion in market value, while Meta Platforms (FB.O), Pinterest (PINS.N), Twitter (TWTR.N) and Google-parent Alphabet (GOOGL.O) were altogether set to lose nearly $140 billion if losses hold.Snap said on Monday it expected to miss quarterly revenue and profits targets that it set just a month earlier and would have to slow hiring and lower spending.The bleak view from one of the sector's most known players underlines how the Russia-Ukraine war, surging inflation and rising interest rates are hobbling social media companies at a time when they had just started recovering the impact of changes to Apple's iOS operating system."Snap is a proxy for online advertising and when you see weakness there then you automatically…

In October 2021, Evan Spiegel, who is Snap's CEO, teased that Snapchat is planning to introduce parental controls to the platform, which would provide parents with a better understanding of how their children use the app. Now, new screenshots taken by the product intelligence firm Watchful and shared with TechCrunch indicate that Snapchat may indeed be developing such a feature. From the pictures, we understand that Snapchat's parental controls will be called "Family Center" and will enable parents to do several things. First, they will be able to find out who their teen's friends are by opening their child's friend list. This is unique because you can't actually view other people's contacts on Snapchat.Second, it will allow parents to monitor who their teenager has chatted with in the last seven days. However, they will not be able to open and read the chats. Third, parents will be able to help their teens report abuse and harassment if necessary.But in order for all these things mentioned above to happen, teens must first give their consent. Yes, for parents to see what their children are doing on the platform, they will first need to invite them to their "Family Center." The receiver…