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»SnapChat

NBCU Quietly Sold Snapchat Stake; Twitter CEO Dorsey Evades Ouster Attempt By Activist Investor

Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. Gone In A Snap NBCUniversal quietly sold its $500 million stake in Snapchat stock late last year to rebalance its portfolio toward streaming media. The broadcaster invested in Snapchat during its IPO three years ago to expand the network’s digital presence. Since then, NBCU... Continue reading »
by AdExchanger // March 10th, 2020 //
»
Snap’s Revenue And DAUs Show Healthy Growth, But Ad Rates Are Stuck In Neutral

Snap outpaced estimates for its quarterly earnings released Tuesday, bringing in $446 million, a 50% jump compared to last year. But the company has a long way to go before it’s in the black. Snap’s net losses in Q3 were $227 million, though that’s a $98 million improvement from Q3 2018. Snapchat’s daily active users... Continue reading »
by James Hercher // October 23rd, 2019 //
»
Chipotle’s Three Ingredients To Drive Results From Social Media

Chipotle delivers. Getting customers to switch to online ordering has been a key part of Chipotle’s brand transformation. Digital sales soared 100% YoY for the first half of 2019. That metric, along with an increase in same-store sales, doubled its stock price. Chipotle’s app enables in-store pick-ups or, through a DoorDash partnership, delivery requests. And... Continue reading »
by Sarah Sluis // October 15th, 2019 //
»
Vice Snaps Up Refinery29; Google Faces Class Action Suit In UK Over Tracking iPhone Users

Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. Vice And Virtue The consolidation of media proceeds apace. One week after Vox nabbed New York Media, Vice said it will acquire Refinery29. The price was not disclosed, but CNN business sources put the deal below $500 million. Vice CEO Nancy Dubuc called the... Continue reading »
by AdExchanger // October 3rd, 2019 //
»
SEC Charges Comscore And Former CEO Matta With Fraud; OpenAP To Start Buying Ads

Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. Settling The Score The US Securities and Exchange Commission charged Comscore and its former CEO, Serge Matta, with engaging in a fraudulent scheme to inflate its revenue and making false or misleading statements to investors and auditors. Read the SEC release. Between 2014 and... Continue reading »
by AdExchanger // September 25th, 2019 //
»
Snap And Placed: An Acquisition That ‘Slipped Through The Cracks’?

When Snap first acquired Placed in 2017, it teased the prospect of proving to buyers how Snap Ads translate into store visits and real-world results. Yet over the next two years, before Snap sold Placed to Foursquare last week, Snap never highlighted the Placed technology in its pitch to media buyers; Placed was never integrated... Continue reading »
by Allison Schiff // June 5th, 2019 //
»
Direct Response Advertisers Doubled Their Spend On Snapchat In Q1

Snap is seeing a nice bump from performance advertisers. The platform said Tuesday that its revenues from direct-response buyers doubled over the past year, although it did not break out a figure. Total revenue grew 39% year over year to $320 million, beating analyst expectations of $307 million. Snap’s success with performance advertisers is driven... Continue reading »
by Alison Weissbrot // April 23rd, 2019 //
»
Snap Has Brand Safety Issues; Roku Hosts InfoWars

Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. Snap Safety Some marketers have complained about Snapchat brand safety issues now that it’s transitioned to a self-serve ad platform. Last week, an ad directed to a fake news story about Chrissy Teigen promoting weight loss pills, Digiday reports. And last year, an ad... Continue reading »
by AdExchanger // January 16th, 2019 //
»
How To Cure Brands’ Social Media Headache: Instagram And Snapchat Stories

Building Stories on Instagram and Snapchat is a Sisyphean effort for many marketers. After 24 hours, it all disappears. Brooklyn-based software company Mish Guru is trying to alleviate some of brands’ well-documented pain points with Stories. Its new Instagram Story Builder, which launched in November, helps gather user-generated content (UGC) tagged to a brand. It... Continue reading »
by Rae Paoletta // December 20th, 2018 //
»
Can Snap’s Executive Shakeup Bring The Company Back To Growth?

It’s been a tough year for Snap, as its stock tanks and its executive team flees the ship. Despite growing revenue 43% in Q3 to a record $298 million, Snap’s stock hit an all-time low in September of $10 per share. Snapchat is also bleeding daily active users after rolling out an unpopular redesign and facing increasing competition from Instagram. “Snap is struggling to... Continue reading »
by Alison Weissbrot // November 13th, 2018 //
»
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