"We expect to hire more than 500 new team members between now and the end of the year, representing nearly 10 per cent company-wide headcount growth over the next seven months," Spiegel was quoted as saying.
Social media platform Snapchat is growing faster than Facebook and Twitter and in its latest quarterly report. Snap grew its revenue 38 per cent year-over-year to reach $1.06 billion for the quarter that ended March 31, 2022. "Our first quarter results reflect the underlying momentum in our business through a challenging operating environment," said Evan Spiegel, CEO.