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Tech Layoffs Continue: Snap Cuts 1,000 Jobs, Citing ‘Rapid Advancements’ in AI

Snap cuts 1,000 jobs as it cites “rapid advancements” in AI, saying smaller teams can do more amid rising competition and a push for profitability.

The post Tech Layoffs Continue: Snap Cuts 1,000 Jobs, Citing ‘Rapid Advancements’ in AI appeared first on TechRepublic.

Meta Tests Paid Instagram Subscription in Mexico, Japan, and the Philippines

Meta is testing Instagram Plus, a paid tier for regular users that adds Story features focused on privacy, reach, and in-app audience control.

The post Meta Tests Paid Instagram Subscription in Mexico, Japan, and the Philippines appeared first on TechRepublic.

Snapchat+ Subscriptions Surpass $1B Annual Revenue Pace, 25M Subscribers

Snapchat+ has passed a $1 billion annualized revenue run rate, reaching 25M subscribers, as Snap expands tiers, storage plans, and creator monetisation.

The post Snapchat+ Subscriptions Surpass $1B Annual Revenue Pace, 25M Subscribers appeared first on TechRepublic.

Snapchat’s Next Big Thing? A $400M AI-Powered Search Deal with Perplexity

Perplexity will pay Snap $400M to power AI search inside Snapchat, bringing conversational search to millions of users and reshaping how people discover content.

The post Snapchat’s Next Big Thing? A $400M AI-Powered Search Deal with Perplexity appeared first on TechRepublic.

New York City Sues Facebook, TikTok, and Google Over Teen Mental Health Crisis

New York City sues social media companies, including Facebook, Google, Snapchat and TikTok, alleging they have created a mental health crisis among children.

The post New York City Sues Facebook, TikTok, and Google Over Teen Mental Health Crisis appeared first on TechRepublic.