Snap Inc.

Snap Inc.

Community score

-1.13 -55
Industry: Internet & Media
Listing country: United States
Year added: 2021

Founded in 2011, Snap Inc., headquartered in Santa Monica, California, has emerged as a prominent player in the tech industry. The company has carved a niche for itself in the areas of advertising, augmented reality (AR) technology and services, as well as hardware. At the core of Snap Inc.'s success is its flagship product, Snapchat, a multimedia messaging app that has revolutionized the way people communicate by using temporary and interactive media. The app has become a substantial platform for advertising, relying on various formats such as Snap Ads, Sponsored Creative Tools like Filters and Lenses, and Discover content partnerships. Advertising stands as the primary source of revenue for the company, leveraging the app's wide user engagement. In addition to its advertising segment, Snap Inc. has made significant strides in the augmented reality (AR) space, offering users a range of camera and editing tools to enhance their interactive experiences. This focus on AR technology positions the company at the forefront of a rapidly evolving digital landscape. Expanding its product lineup, the company introduced Spectacles, a brand of smart glasses designed to seamlessly record video content for use on Snapchat, marking its entry into the hardware sector. Another significant brand under Snap Inc. is Bitmoji, an app that lets individuals create personalized emojis or avatars, integrating these virtual representations within various digital platforms and enhancing user interaction. Snap Inc.'s products and services have a vast market presence, with Snapchat having a significant user base globally. The United States, Europe (with the United Kingdom and France being important markets), Australia, and Canada are key countries contributing to the company's sales and user activity. Although North America and Europe are the primary regions for the company's business, Snap Inc. maintains a global footprint, with Snapchat being available worldwide and possessing a broad international reach. (Powered by AI)

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Snap Inc.

Discrimination makes it harder for minorities to meet basic financial requirements1. People are often discriminated against based on age, race, ethnicity, etc.2. Increasing minority representation improves their economic and psychological health c...

SC_Neriah S. November 17th, 2023
12 ratings
Snap Inc.

In order to ensure strong institutions and the well-being of society, governments spend a considerable amount of the state's budget on public goods and services, which are funded by taxes paid by individuals and corporations1. On average, the stat...

Adedayo _. February 13th, 2024
20 ratings
Snap Inc.

In 2022, approximately 3.4 billion (Bn) individuals were employed worldwide1. Job creation is essential for society, as well as for the economy2. It fuels economic growth as the spending of wages leads to a higher consumer spending, reduces povert...

SC_Neriah S. September 26th, 2023
24 ratings
Snap Inc.

Globally, 4.62 Bn social media users with ~2 hours and 27 minutes daily usage1. Teenagers spend 9 hours on social media daily13. Over 210 Mn people show signs of social media addiction1. Overconsumption of social media may result in depression, an...

Heet H. August 3rd, 2023
40 ratings
Snap Inc.

Gender equality empowers women and prevents discrimination and low leadership share3. According to International Labour Organization (ILO), a company needs 40-60% representation of either gender to achieve gender balance4;pxii. In 2021, about 25% ...

Ardit N. December 2nd, 2023
16 ratings
Snap Inc.

GHGs trap the sun's heat and cause a rise in temperature, sea level, extreme weather conditions, and climate change1. Industries need to develop carbon-free systems to meet the Paris Agreement's goal of keeping the atmospheric temperature rise wel...

Ifeoluwa I. April 13th, 2023
16 ratings
Snap Inc.

Data privacy has emerged as a critical concern of this era with the increasing digitization of different elements of society and the exponential increase in the amount of data "exhaust" produced by the users1. Data privacy is regarded as a core hu...

Aarav N. March 7th, 2022
36 ratings
Snap Inc.

Non-inclusive products reinforce social bias and perpetuate harassment of minorities3. Facial recognition tools have a significant role in promoting inbuilt racial biases2. Camera and other technology companies "may actually be hurting communities...

Heet H. January 24th, 2022
24 ratings
Snap Inc.

Communication is essential for the development and growth of modern societies and plays a vital role in human lives1. ICT has changed the way people communicate with each other by enabling real-time communication and immediate access to informatio...

Q A. December 20th, 2021
10 ratings

Most negative / positive SDG

+2.69
-3.27