12 unchanged sentences
Snapchat is our core mobile device application and contains five distinct tabs, complemented by additional tools that function outside of the application.
−Removed: With a breadth of visual messaging and content experiences available within the application, Snapchatters can interact with all five, or a subset of those five tabs.
+Added: With a breadth of visual messaging and content experiences available within the application, Snapchatters can interact with any or all of the five tabs.
The Camera is a powerful tool for communication and the entry point for augmented reality experiences in Snapchat.
9 unchanged sentences
Visual Messaging is a fast, fun way to communicate with friends and family using augmented reality, video, voice, messaging, and creative tools.
−Removed: They can also communicate with our proprietary personalized avatar tool, Bitmoji, and its associated contextual stickers and images, which integrate seamlessly into both mobile devices and desktop browsers.
+Added: We also offer My AI, our AI-powered chatbot, which helps our community foster creativity and connection with friends, receive real-world recommendations, and learn more about their interests and favorite subjects.
+Added: They can also communicate through our proprietary personalized avatar tool, Bitmoji, and its associated contextual stickers and images, which integrate seamlessly into both mobile devices and desktop browsers.
Snap Map is a live and highly personalized map that allows Snapchatters to connect with friends and explore what is going on in their local area.
4 unchanged sentences
Friends Stories allow our community to express themselves in narrative form through photos and videos, shown in chronological order, to their friends.
−Removed: The Discover section of this tab displays curated content based on a Snapchatter’s subscriptions and interests, and features news and entertainment from both our creator community and publisher partners.
+Added: The Discover section of this tab displays curated content based on a Snapchatter’s subscriptions and interests, and features news and
+Added: entertainment from both our creator community and publisher partners.
We also offer Public Profiles, as a way for our creator community and our advertising partners to memorialize and scale their content and AR Lenses on our platform.
4 unchanged sentences
Snapchat+ offers a variety of features from allowing Snapchatters to customize the look and feel of their app, to giving special insights into their friendships.
−Removed: We also offer Snapchat for Web, a browser-based product that brings Snapchat’s signature calling and ephemeral messaging capabilities to the web.
+Added: We also offer Snapchat for Web, a browser-based product that brings Snapchat’s signature capabilities to the web.
Our Partner Ecosystem
48 unchanged sentences
Product Development :
−Removed: We work relentlessly and invest heavily to create and improve products for our community and our partners.
+Added: We work relentlessly and invest deliberately to create and improve products for our community and our partners.
We develop a wide range of products related to visual messaging and storytelling that are powered by a variety of new technologies.
13 unchanged sentences
We focus on the health and well-being of our employees through programs and benefits that support their physical, emotional, and financial fitness.
−Removed: To attract and retain the best talent, we aim to offer challenging work in an environment that enables our employees
−Removed: to have a direct meaningful contribution to new and exciting projects.
+Added: To attract and retain the best talent, we aim to offer challenging work in an environment that enables our employees to have a direct meaningful contribution to new and exciting projects.
Underlying these values is our commitment to ethical conduct where we work to instill in our team that acting with integrity means being your whole self, being honest, and doing the right thing.
Diversity, Equity, and Inclusion :
−Removed: Snap has long supported a Diversity, Equity and Inclusion, or DEI, program, and we have made progress on a number of fronts, including diversifying our board of directors and executive leadership, introducing new accountability around DEI outcomes, maintaining an allyship program to inspire a more inclusive culture, and enhancing our recruiting process to continue driving diverse hiring.
+Added: Snap has long supported Diversity, Equity and Inclusion, or DEI, initiatives, and we have made progress on a number of fronts, including diversifying our board of directors and executive leadership, introducing new accountability around DEI outcomes, maintaining an allyship program to inspire a more inclusive culture, and enhancing our recruiting process to continue driving diverse hiring.
To aid in our mission, we publish a Diversity Annual Report that discusses our goals with respect to diversity, equity, and inclusion efforts.
7 unchanged sentences
We utilize equity as part of our compensation practices to drive a long-term orientation and have committed to paying a minimum living wage for all employees globally.
−Removed: As of December 31, 2022, we had approximately 5,288 full-time employees, of whom approximately 57% are in engineering roles involved in the design, development, support, and manufacture of new and existing products and processes.
+Added: As of December 31, 2023, we had 5,289 full-time employees, of whom approximately 54% are in engineering roles involved in the design, development, support, and manufacture of new and existing products and processes.
Climate Change:
−Removed: We continue to deepen our commitment to help combat climate change.
−Removed: In 2021, we adopted science-based emissions reduction targets approved by the Science Based Targets Initiative and became historically carbon neutral from our founding in 2011 through 2020.
−Removed: In 2022, we remained carbon neutral by purchasing offsets to balance emissions attributable to Snap through December 31, 2021 and are committed to achieving net negative carbon emissions by 2030.
−Removed: We also purchased renewable energy certificates in 2022 sufficient to cover all of the electricity consumed in our global operations for the year ended December 31, 2021.
+Added: Our commitment to combating climate change remains unchanged.
+Added: In 2021, we adopted science-based emissions reduction targets approved by the Science Based Targets Initiative.
+Added: Additionally, in 2021, we achieved carbon neutrality from our founding in 2011 through 2020.
+Added: In 2023 and 2022, we maintained our carbon-neutral status by purchasing offsets to emissions attributable to Snap as of December 31, 2022 and 2021, respectively.
+Added: We remain committed to achieve net negative carbon emissions by 2030.
+Added: In 2023 and 2022, we purchased renewable energy certificates covering all electricity consumed in our global operations for the years ended December 31, 2022 and 2021, respectively.
Our Commitment to Privacy
13 unchanged sentences
Otherwise, it’s hard to make informed choices about how you communicate.
−Removed: We’ve also created a robust Privacy and Safety Hub where we show that context and choice are more than talking points.
+Added: We’ve also created a robust Safety and Privacy Hub where we show that context and choice are more than talking points.
There, we point out the many ways that users can control who sees their Snaps and Stories, and explain how long content will remain on our servers, how users can manage the information that we do have about them, and much more.
5 unchanged sentences
We compete with other companies in every aspect of our business, particularly with companies that focus on mobile engagement and advertising.
−Removed: Many of these companies, such as Alphabet (including Google and YouTube), Apple, ByteDance (including TikTok), Meta (including Facebook, Instagram, and WhatsApp), Pinterest, and Twitter, may have greater financial and human resources and, in some cases, larger user bases.
+Added: Many of these companies, such as Alphabet (including Google and YouTube), Apple, ByteDance (including TikTok), Meta (including Facebook, Instagram, Threads, and WhatsApp), Pinterest, and X (formerly Twitter), may have greater financial and human resources and, in some cases, larger user bases.
Given the breadth of our product offerings, we also compete with companies that develop products or otherwise operate in the mobile, camera, communication, content, and advertising industries that offer, or will offer, products and services that may compete with Snapchat features or offerings.
38 unchanged sentences
Our public policy team monitors legal and regulatory developments in the United States, as well as many foreign countries, and communicates with policymakers and regulators in the United States and internationally.
−Removed: Corporate Information
−Removed: We were formed as Future Freshman, LLC, a California limited liability company, in 2010.
−Removed: We changed our name to Toyopa Group, LLC in 2011, incorporated as Snapchat, Inc., a Delaware corporation, in 2012, and changed our name to Snap Inc.
−Removed: We completed our initial public offering in March 2017 and our Class A common stock is listed on the New York Stock Exchange, or NYSE, under the symbol “SNAP.”
−Removed: Our principal executive offices are located at 3000 31st Street, Santa Monica, California 90405, and our telephone number is (310) 399-3339.
−Removed: Snap Inc., “Snapchat,” and our other registered and common-law trade names, trademarks, and service marks appearing in this Annual Report on Form 10-K are property of Snap Inc.
−Removed: or our subsidiaries.
Information about Segment and Geographic Revenue
−Removed: Information about segment and geographic revenue is set forth in Notes 1 and 2 of the notes to our consolidated financial statements included in “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.
+Added: Information about segment and geographic revenue is set forth in Notes 1 and 2 of the notes to our consolidated financial statements included in “Financial Statements and Supplementary Data” in this Annual Report on Form 10-K.
Available Information
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.