Snap

Social media platform with augmented reality features

Santa Monica, California, United States

About Snap

Snap Inc. focuses on enhancing communication and self-expression through technology, primarily in the social media and augmented reality (AR) sectors. Its main product, Snapchat, is a multimedia messaging app that allows users to send photos and videos that disappear after viewing, along with features like Stories and Discover for sharing content. Additionally, Snap Inc. offers Spectacles, smart glasses that capture video and photos from the user's perspective, integrating with Snapchat. The company targets younger demographics, including teenagers and young adults, while also providing advertising opportunities for businesses. Snap Inc. differentiates itself from competitors like Facebook and Instagram by emphasizing self-expression and real-time sharing. Its primary goal is to generate revenue through advertising and product sales, creating engaging experiences for users.

Santa Monica, CaliforniaHeadquarters
2011Year Founded
$2,557.3MTotal Funding
IPOCompany Stage
VR & AR, Consumer SoftwareIndustries
5,001-10,000Employees

Benefits

Paid maternity, paternity, and family caregiver leave
Adoption, surrogacy, infertility, and fertility preservation benefits
Backup child care coverage, caregiver assistance, and digital maternity care support
Short-term disability, long-term disability, life insurance, and AD&D insurance
Comprehensive medical coverage
Dental coverage, including orthodontia benefits
Vision coverage, including LASIK benefits
Gym perks and discounts
Team fitness classes, hikes, and races
Sports leagues
Cooking and nutritional workshops
Generous time off and leave programs
Emotional and mental health support programs and apps
Social gatherings, team outings, and volunteering programs
401(k) plan
Compensation packages that let you share in Snap’s long-term success!

Risks

Competition from Xreal and others threatens Snap's AR glasses market share.
Reliance on advertising revenue is vulnerable to changing digital ad policies.
Cultural challenges may hinder Snap's growth in the Indian market.

Differentiation

Snap's AR technology sets it apart in the social media landscape.
Snapchat's ephemeral messaging appeals to privacy-conscious younger users.
Spectacles offer unique first-person content creation, enhancing user engagement.

Upsides

New monetization program could boost creator engagement and ad revenue.
Partnership with BCG offers insights for targeted Gen Z advertising in India.
Fifth-generation Spectacles and Snap OS showcase innovation in AR technology.