Xbox Live Gold price increase Nvidia Shield update Third stimulus check details Microsoft AI chatbot patent Bernie Sanders' mittens memes Returning stimulus money to the IRS Galaxy S21 review

Snapchat kills original content plans -- because of cost?

Snapchat may be run by the youngest billionaire, but it apparently doesn't like the price of creating content and pulled its Snap Channel off Discover. Meanwhile, Twitter fires more than 300 employees, and one employee found out in a nasty way.

Creating original content doesn't come cheap. And it seems Snapchat -- a messaging app valued at $16 billion -- can't seem to justify the cost.

In this CNET Update, learn about the death of the Snap Channel, and what the app's billionaire CEO has been up to these days. Also, Twitter cuts 8 percent of its employees, but can't seem to find the time to tell them all in person before cutting off access to e-mail. And as Snapchat and Twitter downgrade, Apple upgrades some Mac computers and accessories:

Now playing: Watch this: Snapchat kills original content plans -- because of cost?

CNET Update delivers the tech news you need in under three minutes. Watch Bridget Carey every afternoon for a breakdown of the big stories, hot devices, new apps, and what's ahead. Subscribe to the podcast via the links below.


iTunes (HD) | iTunes (SD) | iTunes (HQ) | iTunes (MP3)

RSS (HD) | RSS (SD) | RSS (HQ)| RSS (MP3)

Download the audio version of today's episode:

Snapchat kills original content plans -- because of cost?