(Bloomberg) — Snap Inc. posted its biggest one-day drop on record after the Snapchat parent company warned that Apple Inc.’s data collection rules and global supply-chain bottlenecks are weighing on advertising spending. Most Read from Bloomberg The stock tumbled 27%, wiping out about $32 billion of a market value that now sits around $89 billion. The cautious outlook cast a shadow over ad-dependent peers, including Google-owner Alphabet Inc., Facebook Inc., Twitter Inc. and Pinterest Inc.,… Source link

The complaint doesn’t detail what happened at the meeting, which the states said occurred on Aug. 6, 2019. But Apple spokesperson Fred Sainz said Friday that no representative from his company attended the meeting. A Microsoft spokesperson declined to comment on the meeting. Facebook did not immediately offer a comment when asked Friday. The documents — filed as part of an antitrust suit by Texas, 14 other states and Puerto Rico — are emerging at a time of rising frustration in… Source link

(Bloomberg) — Intel Corp. shares plummeted to their lowest close since December on Friday, after the chipmaker reported third-quarter results and detailed a spending plan that it said would pressure profitability over the next few years. Most Read from Bloomberg The stock fell 12%, its biggest one-day percentage decline since July 2020, marking the sixth straight quarter where Intel’s results were met with a negative reaction. The drop to $49.46 a share erased $26.6 billion in value,… Source link

Can’t find what you need at the store again? You’re not alone. Shoppers pushing their carts around the supermarket may notice thin shelves while reaching for their favorite products, as the increasingly hits home for consumers already stung by higher prices on virtually everything. Bare store shelves were common at the start of the pandemic, driven largely by panic-buying. But almost two years in, some spaces are empty again — but for slightly different reasons. As the holiday season… Source link

A milestone week that began with the introduction of the first Bitcoin-based exchange traded fund (ETF) ended just as it began — with a new fund based on the world’s leading cryptocurrency.  On Friday, digital asset manager Valkyrie launched its Bitcoin Strategy ETF (BTF) on the Nasdaq exchange. The company anticipates its fund will be the first of at least a couple more, as big and small investors flock to crypto investments. Valkyrie’s Bitcoin ETF followed the debut of the Proshares… Source link

Google Meet hosts will soon be able to turn off participants’ microphones or cameras and prevent them from turning them back on, the company announced in a Workspace blog. The feature could be a useful way for hosts to keep noisy or rowdy attendees from continually interrupting meetings even after they have already been muted. The microphone and camera lock feature will be off by default; hosts will have to turn it on during meetings if they want to use it. If your meeting has breakout… Source link

The new Google Pixel 6 and Pixel 6 Pro showcase one of the biggest… Source link

American Express (AXP) shares hit an intra-day record on Friday after a much better than expected third quarter in large part, fueled by millennials and Gen Z cardholders.  The card issuer said spending by millennial and Gen cardholders gained 38%, compared to the third quarter of 2019 excluding the impact of currency fluctuations. Amex said it acquired 2.6 million new card members in the quarter. Amex CEO Stephen Squeri told Yahoo Finance the younger set has embraced the company’s increased… Source link

WASHINGTON — Google said in an internal document that it had successfully “slowed down” European privacy rules in collaboration with other tech companies, according to a legal filing released on Friday. Ahead of a 2019 meeting with other major tech companies, Google said in a memo that it had “been successful in slowing down and delaying” the European Union’s ePrivacy Regulation process and had been “working behind the scenes hand in hand with the other companies,” according… Source link

If your vacations never feel quite long enough, Royal Caribbean’s brand new Ultimate World Cruise might be the thing to scratch that itch. The company announced the extravagant 274-day vacation package this week, which offers more than 60 countries and 150 destinations, including 11 great wonders of the world. Sailing on the Serenade of the Seas, the cruise is scheduled to depart from Miami on Dec. 10, 2023, and continue through Sept. 10, 2024. Royal Caribbean International president and… Source link