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How Snapchat Makes Money Social-networking giant Snap Inc. (SNAP), describes itself as a camera company. That's because its flagship product is a camera app called Snapchat that allows users to connect with family and friends, exchange photos ("Snaps") or videos ("Stories"), and chat.1 Snap, which was founded in 2010 and went public through an initial public offering (IPO) in March 2017, generates substantially all its revenue from Snapchat advertising.2 Snap's Financials Just under 70% of the company's 2022 revenue originated in North America, including Mexico, the Caribbean, and Central America. The U.S. accounted for more than 67% of that. Another 15% of the revenue came from Europe including Russia and Turkey, although the company halted advertising to Russian and Belorussian entities.8 Snap's daily active users (DAUs) grew in Q4 2022 compared with the year-ago quarter. The company had an average of 375 million DAUs in the three-month period, up 17% year-over-year. However, the average revenue per user(ARPU fell 15% year-over-year to $3.47.9 In keeping with our commitment to diversity, here's a look at how Snapchat pursues transparency, inclusiveness, and social responsibility. The company's third annual diversity report, published in 2022, expands Snap's commitment "to inspire empathy, redesign systems, and drive accountability through our people, products, partners, and our wider tech ecosystem."12 Snap's diversity goals-which the company aims to achieve by 2025-are to increase the proportion of under-represented U.S. racial and ethnic groups in its workforce to 20% from 17.4% in 2021, to increase the proportion of women in tech roles to 25% from 19.6% in 2021, and to increase representation of women and under-represented minorities in leadership to 34.5% and 19.5% respectively, from 26.5% and 12.3% respectively in 2021.15 To delete your Snapchat account, navigate to the "Settings" page and and scroll down to "Account actions." Click or tap the button that says "delete account." After that you will have to enter your username and password. You can still restore your account for 30 days after that by logging in to your account. After 30 days, your account is deleted permanently.16 faux saint laurent bagfake designer bags near me
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