• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Social Media

Snapchat Releases Paid Version Of Its Social App With Extra Features

Olagoke Ajibola by Olagoke Ajibola
June 30, 2022
Share on FacebookShare on Twitter

 

Snapchat+

Also On TechBooky

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Meta Set To Reinstate Trump’s Facebook And Instagram Accounts

Twitter’s Loss In Ad Revenue In Final Months Of 2022: A Breakdown

Twitter Launches Its “Blue” Service In Japan

Instagram Set To Remove Shopping Tab From Home Feed

Snapchat joins the list of social media platforms offering its services for a monthly subscription. Starting this week, Snap is offering its paid service called the Snapchat Plus, this service unlocks exclusive and early access to new features. With the new paid version, Snapchat is catering for its so-called power users, users will have to make a subscription fee monthly and get exclusive features that regular Snapchat users won’t get. 

The paid version of the social platform is priced at $3.99/month. The company’s SVP of Product, Jacob Andreou disclosed that the new service is geared at “people who spend most of their time communicating with their closest friends on Snap.” Snapchat Plus is Snap’s first real attempt at making money outside of advertising, though Andreou says, for now, the company isn’t expectant for Plus to become a “material new revenue source” but hopes the service changes trends in the future.

The most notable features coming to Snapchat Plus include access to selected features before all their users, the ability to change the style of the app’s icon, the ability to pin one of your friends to the top of your chat history as a “BFF”  and also the ability to identify who rewatched a story. For now, Andreou disclosed that access to exclusive features like the BFF pin will likely remain available to only Plus subscribers, while features that rely on interactions with others will be released to the non-subscribing users.

By introducing a paid version of Snap, it’s only natural to imagine that ads would be turned off in the app. Andreou downplays the possibility as Snap will continue to serve ads for all its users irrespective of being subscribed or not. Andreou states that “ads are going to be at the core of our business model for the long term.” Even still, it’s clear Snap sees an opportunity to diversify its revenue. Its hardware business hasn’t and likely won’t be meaningful in the coming future, so subscriptions are an obvious area to explore for the social media platform.

Snap wouldn’t be the first to introduce a paid version of its social app, Twitter and Telegram have rolled out subscriptions targeted at pro users who want more. Discord as well is on the is the list, as it has made money for years through its Nitro subscription. Andreou however hinted about informal conversations he has had with a few paid streaming services — many of which plan on adding ad-supported tiers to their platforms. “Those tiers where they are monetizing less but are able to inject ads actually end up being by far their most lucrative and most beneficial tiers,” he says.

Snap announces the paid version of its social app just a month after hinting at its slowing revenue growth. This quickly, therefore, put the Snap team in a position to seek other revenue-generating sources. Andreou disclose that the Snap team has been thinking about offering a paid version of the social app since 2016. The company called Snapchat Plus an “early” internal test after it was discovered in the app’s code just two weeks ago. Today Snapchat Plus has been released and is focusing on some of the top Snap markets, which include the United States, the United Kingdom, France, Canada, Germany, Australia, New Zealand, the United Arab Emirates, and Saudi Arabia,

Related Posts:

  • Snapchat For Web Is Now Available To All Users Worldwide
    Snapchat For Web Is Now Available To All Users Worldwide
  • Snapchat Is Testing A Paid Subscription Version Called Snapchat Plus
    Snapchat Is Testing A Paid Subscription Version Called…
  • Snapchat Users Will Now Be Able To Change Their Username
    Snapchat Users Will Now Be Able To Change Their Username
  • Snapchat Now Allows You Share YouTube Videos As A Sticker On Snap
    Snapchat Now Allows You Share YouTube Videos As A Sticker On…
  • Snapchat Introduces Snapping, Chatting, And Video Calling To Web
    Snapchat Introduces Snapping, Chatting, And Video Calling To…
  • Snapchat Is Making More Money From Android Users Than iOS As Per Report
    Snapchat Is Making More Money From Android Users Than iOS As…
  • Elgato’s App That Turns iPhones Into Webcams Gets AR Lenses Support
    Elgato’s App That Turns iPhones Into Webcams Gets AR Lenses…
  • Snapchat Upgrades Its Camera To Highlight Visual Search
    Snapchat Upgrades Its Camera To Highlight Visual Search
Tags: appfeaturesnew featureServicesmartphoneSnapsnapchatsubscriptiontwitterunited statesusersVersion
Olagoke Ajibola

Olagoke Ajibola

Olagoke Ajibola is a creative writer and content producer with an eye for details and excellence. He has a demonstrated history of telling stories for TV, Film and Online. Aside from being fascinated by the power of imagination, his other interest are travel, sport, reading and meeting people.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
Tesla Cybertruck Mass Production Won’t Start Until 2024

Tesla Cybertruck Mass Production Won’t Start Until 2024

January 27, 2023
Apple Reportedly Delays Development Of Its Own WiFi Chips

Apple Reportedly Delays Development Of Its Own WiFi Chips

January 27, 2023
Google Commits To Complying With EU Laws On Its Services

Google Commits To Complying With EU Laws On Its Services

January 27, 2023
Airtel Launches Its eSIM Technology In Nigeria

Airtel Launches Its eSIM Technology In Nigeria

January 27, 2023

Browse Archives

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 24 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (255) amazon (95) android (281) app (610) Apple (473) artificial intelligence (268) business (342) china (113) cloud (135) cryptocurrency (158) ecommerce (109) enterprise (240) facebook (472) gadget (448) gaming (160) google (546) government (383) guest post (108) instagram (137) internet (352) ios (249) iphone (210) microsoft (261) mobile (281) new feature (287) nigeria (278) privacy (135) research (134) samsung (139) security (375) smartphone (235) social media (671) software (416) startup (269) streaming (140) telecom (157) tips (340) transport (104) twitter (217) united states (191) users (132) videos (115) website (160) whatsapp (129) youtube (106)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

  • Trending
  • Comments
  • Latest
Download Free Editable Resume Templates – Word / Docx – 2022

Download Free Editable Resume Templates – Word / Docx – 2022

July 25, 2022
The Best Free PC Games

The Best Free PC Games

July 29, 2022
Recover Permanently Deleted Emails From iCloud Manually

Recover Permanently Deleted Emails From iCloud Manually

March 5, 2022
How is Technology Changing Our Definition of What It Means to Be a Human?

How is Technology Changing Our Definition of What It Means to Be a Human?

April 1, 2018
Resume and Cover letter Templates for free

Resume and Cover letter Templates for free

July 25, 2022
[Fixed] “Outlook Running Slow Windows 10” Issue

[Fixed] “Outlook Running Slow Windows 10” Issue

February 12, 2020
Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023

Recent News

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite