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Snapchat To Be Redesigned Post Q3 Reports

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Snapchat Redesigned Post Q3 Reports,Startup Stories,Business Latest News 2017,Snapchat Q3 Upcoming Redesign,Redesign Snapchat Updates,Snapchat Latest News,Snapchat CEO Evan Spiegel,Snapchat New Updates 2017,Snapchat App Redesign

Snap Inc., is planning to redesign Snapchat in an attempt to reach a broader audience. This app, which introduced the disappearing messages, is working on a significant overhaul after the user growth in the last three months fell well below what investment analysts expected.

This California based firm earned $ 207.9 million in revenue with a loss of $ 0.14 per share and added just 4.5 million users in the last quarter. Snapchat’s earnings dropped by 20% in after hours trading, closing at $ 15.12. The company also lost $ 443 million while their capital expenditures also rose up to $ 25.9 million. Speaking about the changes, CEO of Snapchat, Evan Spiegel said, “One thing we have heard over the years is that Snapchat is difficult to understand or hard to use, and our team has been working on responding to this feedback.”

The redesigning may help the company open the app to a huge audience of new users. The drastic changes could also alienate some users and undercut Snap’s cool factor. But, according to Spiegel, Snap was willing to take the risk for long term gain. The app is exploring new ways of surfacing its content in a personalized and more relevant way, while still maintaining the exploratory nature of the service. Spiegel added the company will also build more tools for people to share content with audiences beyond just their friends, by next year.

According to Snap’s earnings letter, Snapchat will integrate premium video and search based content in a manner similar to the social media giant Facebook. Despite being the first to introduce the 24 hour stories, Facebook owned Instagram Stories and WhatsApp Status both now have 300 million daily users while Snapchat has only 178 million daily users. The new and improved Snap will have a more algorithmically sorted feed, instead of using the reverse chronological feed that shows what happens to have been posted most recently.

Along with Snapchat, microblogging site Twitter also announced a major change in its services. The character limit of the microblogging site has been increased to 280 characters from its iconic 140 character limit.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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