Social media company
Snap may be jumping on the paid subscription service bandwagon with a new offering called Snapchat+.
Rumors swirled on Twitter
Thursday about a subscription service for the disappearing-photo app that would cost users around $5 a month
Company has started early
internal testing of the service, but declined to comment on the rumored features or pricing
The news comes as Snap
attempts to kickstart its business following a bruising few months for the company, as well as the broader tech sector.
Snap posted a net loss
of about $360 million. Snap warned investors that its revenue and profits for the current quarter would be lower
According to reports from
Bloomberg and the New York Times, CEO Evan Spiegel warned in an internal memo that the company would slow hiring
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