Snap Launches Snapchat Plans Party-Planning Tools as It Argues It Isn't Social Media

Product / TechRegulation
โดย GuruFocus·US·Read original
Summary · why it matters

Snap Inc. launched Snapchat Plans, a set of tools that lets users organize gatherings, send invitations and collect responses without leaving the app, with groups capped at 200 people and invite-only access plus a My Plans section on profiles to track commitments. Snap says about a third of young US users already arrange meet-ups through chats and messages. The company begins selling Specs, its first augmented reality glasses, on September 16 at $2,195, and gave an upbeat forecast for the current quarter last month ahead of that debut. Subscription products including Snapchat+ and the Memories storage plan have reduced its dependence on advertising. Meta Platforms, Google's YouTube and TikTok are all defendants in national litigation alleging they designed products to be addictive to young users, and Snap has been publicly arguing it isn't social media at all, with Evan Spiegel writing in his annual letter this week that TikTok has trends, Meta has scale, and Snapchat knows the real you.

Impact on stocks 3

Spatial Computing / AR/VR± Mixed · 2 stocks
Snap Inc
SNAP
▲ PositiveTechnologyrelevance

Snap launched Snapchat Plans party-planning tools and begins selling its first AR Specs glasses on September 16.

Meta Platforms Inc.
META
▼ NegativeRegulationrelevance

Meta is named as a defendant in national litigation alleging its products were designed to be addictive to young users.

Artificial Intelligence▲ · 1 stocks

Theme Impact 2

Off-coverage companies 2

ByteDancePrivate± Mixed
relevance

YouTube, LLCPrivate± Mixed
relevance

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