|Bid||0.00 x 34100|
|Ask||0.00 x 1000|
|Day's Range||10.17 - 10.80|
|52 Week Range||9.34 - 83.34|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 19, 2022 - Oct 24, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.94|
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Snap Inc, owner of the popular messaging app Snapchat, rolled out its first parental control tools on Tuesday, which will allow parents to see who their teens are talking to, but not the substance of their conversations. The new feature called Family Center is launching at a time when social media companies have been criticized over a lack protection for kids. In October, Snap and its tech peers TikTok and YouTube testified before U.S. lawmakers accusing the companies of exposing young users to bullying or steering them toward harmful content.
The opt-in tool will require a parent and child’s Snapchat accounts to be friends.
The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees. Snap declined to comment when contacted by Reuters. The development comes as technology companies, crypto exchanges and financial firms cut jobs and slow hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe.