Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Snap introduces web version of Snapchat app

Published 07/18/2022, 09:42 AM
Updated 07/18/2022, 09:46 AM
© Reuters. FILE PHOTO: A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson
SNAP
-

(Reuters) - Snap Inc (NYSE:SNAP) said on Monday it is introducing the web version of its photo messaging app Snapchat, allowing users to chat, snap and video call from their computers.

The company said that the feature will be exclusive to Snapchat+ subscribers beginning July 18 and will start with subscribers in the United States, the United Kingdom, Canada, Australia and New Zealand.

Snapchat for web will include features like chat reactions and chat reply, along with Lenses, which will roll out soon, the company added.

Snap last month launched Snapchat+, a paid version of the Snapchat app, in the United States priced at $3.99 a month and a few other markets, in a major step away from a revenue model dependent mostly on advertising.

© Reuters. FILE PHOTO: A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson

Social media firms are under pressure as companies cut back on ad budgets in response to rising costs and weakening consumer spending. Snap in May said it would miss revenue and profit targets for the second quarter and would have to slow hiring and lower spending.

Shares of the company have plunged nearly 71% this year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.