Snap, Inc. launches subscription model to boost revenue

Snap, Inc. has introduced a new subscription model for its services, marking a significant shift in its business strategy. This move aims to enhance revenue potential, although it has received limited attention from the market. The subscription product is designed to attract more users and increase engagement on the platform. This change contrasts with Snap's previous reliance on advertising revenue as its primary income source. The company is focusing on expanding its offerings to improve user experience and drive growth. This development reflects a broader trend among social media companies exploring subscription-based revenue models.