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Snap made the announcement at its first-ever Partner Summit in Los Angeles. The new features and content are aimed at keeping its core base of 13-34 year olds on its messaging platform longer even as overall user growth has stalled. Snap faces fierce competition for users and advertisers from bigger and far better-financed rivals. For instance, Facebook Inc’s platform and Instagram photo-sharing app have copied popular Snapchat features like Stories, a personal feed of photos and videos that disappear after 24 hours.
In 2018, Instagram had about 400 million daily active users on its version of Stories, more than twice Snapchat’s daily users, Snap must also battle for user attention against newer rivals like TikTok, a short-form video app owned by Chinese tech company Bytedance, The number of daily active users on Snapchat has held steady or fallen for the past several quarters, but the app is still wildly popular letter k cufflinks among young users, Snapchat reaches 75 percent of 13-34 year olds and 90 percent of 13-24 year olds in the United States..
“We wanted to build something that makes us feel like we’re playing a board game with family over a long holiday weekend,” Will Wu, director of product at Snap, told creators and developers who had accepted invitations to the one-day event. “Something that makes us feel like we’re sitting with friends, controllers in hand, looking at the same screen.”. The games include Snap’s flagship Bitmoji Party, Spry Fox’s Alphabear Hustle, ZeptoLab’s C.A.T.S. Drift Race, Game Closure’s Snake Squad, PikPok’s Zombie Rescue Squad and Zynga’s Tiny Royale. They can be played from Snapchat’s main “Chat” messaging feature.
Snap said the gaming platform will have non-skippable, six-second letter k cufflinks video ads, a relatively new format that boosted fourth-quarter revenue, Snap also announced a product called “Snap Audience Network” which will allow advertisers to buy vertical ads that run beyond Snap’s platform to third-party apps, The tool has not been rolled out but Snap made the announcement on Thursday to get developers and publishers on board, its spokesman said, The company also launched new augmented reality “lenses,” or filters that overlay video, including templates of landmarks like Buckingham Palace in London, the U.S, Capitol Building in Washington D.C., and the Eiffel Tower in Paris..
WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits fell to a nearly half-century low last week, pointing to sustained labor market strength despite slowing economic growth. But the loss of momentum in activity has left some employers unsettled about the economy’s outlook. Announced job cuts by U.S.-based companies in the first quarter were the highest since 2015, other data showed on Thursday. Fading stimulus from a $1.5 trillion tax cut package, the United States’ trade war with China, slowing global growth and uncertainty over Britain’s exit from the European Union are casting a shadow over the economy, which in July will celebrate the longest expansion on record.
“We are at a point of inflection where the overall economic trend is changing,” said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania, “That would account for at least some of the volatility and contradictory nature of the data, It would also point to a slowdown not a crash.”, Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969, the Labor Department said, Economists polled by Reuters had forecast claims rising to 216,000 in the latest week, The Labor Department said only claims for California were letter k cufflinks estimated..
The claims data have shown no significant pickup in layoffs and there have been reports of companies reluctant to let go of workers amid a growing shortage of skilled labor. The scarcity of workers contributed to a recent slowdown in hiring. Job growth has slowed from last year’s roughly 223,000 average monthly pace. The pace of increase, however, remains more than sufficient to keep up with growth in the working age population, holding down the unemployment rate. The dollar gained versus a basket of currencies. U.S. Treasuries prices rose, while stocks on Wall Street were mixed.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 4,000 to 213,500 last week, the lowest level since early October 2018, While the letter k cufflinks claims data has no bearing on March’s employment report, which is scheduled for release on Friday, economists said it bodes well for an anticipated rebound in job growth, According to a Reuters survey of economists, nonfarm payrolls likely increased by 180,000 jobs last month after a meager 20,000 in February, which was also seen as pay-back after robust gains in the prior two months, The unemployment rate is forecast unchanged at 3.8 percent..