Snapchat's parent company has announced it is planning to create TV programmes for the mobile app.

Snapchat's parent company Snap Inc has reported a net loss of more than $2.2bn in the company's first ever earnings report.

Snapchat's parent company Snap Inc is expected to report a big loss when it reveals its first financial results on Wednesday.

The owner of photo-sharing app Snapchat is reportedly lining up a Wall St flotation that could value it at up to €25bn.

Picture messaging app Snapchat is set to launch sunglasses with a built-in video camera.