(Bloomberg) — A collapse in shares of Snap Inc. dragged technology companies exposed to digital advertising lower late on Thursday after the owner of the Snapchat app warned that customers are cutting back on ad spending. Most Read from Bloomberg Facebook Inc. and Twitter Inc. were among the biggest decliners, with each at one point sinking more than 6% in postmarket trading. Google-parent Alphabet Inc. slid 2.8%. Snap cited customers’ supply chain problems and Apple Inc.’s data… Source link
Read More »Snap Beats Expectations on User Growth, Revenue; Shares Rise
(Bloomberg) — Snap Inc. reported gains in revenue and users that exceeded analysts’ estimates, as the company’s investments in content and creative tools lured young people and the advertisers trying to reach them. Shares gained. Second quarter sales more than doubled to $982.1 million, the company said Thursday. That dwarfed the $846.9 million average analysts’ estimate. Snapchat, the mobile app for sending disappearing messages and watching video content, had 293 million daily active… Source link
Read More »Wealthy Americans snap up vacation homes and invest in a change of scenery in a hot market
Tiffany Thompson’s condo in Indian Wells, California. Tiffany Thompson decided that a year of working from her Los Angeles home with her husband was too much of a good thing. A change of scenery and the ability to be apart on occasion in a home away from home seemed appealing. Plus, the Emmy-winning freelance TV producer and her husband, Chase Kopecky, an editor at ABC Network Television, had been saving money. “I was making more money than normal because I was able to do multiple projects at… Source link
Read More »Stocks Snap Rally; Yields Drop to February Lows: Markets Wrap
(Bloomberg) — U.S. stocks fell, snapping a streak of seven consecutive closing record highs, as a plunge in Treasury yields to the lowest since February weighed on banks and small caps. A gauge of the dollar strengthened and crude oil dropped from a six-year high. The benchmark S&P 500 was led lower by the energy and financial sectors, ending the rally of record closes that was the longest since 1997. Amazon.com pushed the Nasdaq 100 to another all-time high. Ride-hailing firm Didi Global… Source link
Read More »Google I/O hits and misses, Snap goes shopping, Parler returns to App Store – TechCrunch
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7… Source link
Read More »Nets snap losing streak in rally vs. Nuggets
Yahoo Sports will keep you updated nightly on the NBA playoff race during the last two weeks of the regular season. Check back daily for the latest movement in the standings, what to watch for and teams securing their 2020-21 playoff berths. Saturday’s standings Eastern Conference 1. Philadelphia 76ers (47-21) 2. Brooklyn Nets (44-24, 3 GB) 3. Milwaukee Bucks (43-24, 3.5 GB) 4. New York Knicks (37-30, 9.5 GB) 5. Atlanta Hawks (37-31, 10 GB) 6. Miami Heat (36-31, 10.5 GB) Play-in tournament 7. Boston… Source link
Read More »Yahoo U: SNAP Benefits
Yahoo Finance’s Brian Cheung breaks down the Supplemental Nutrition Assistance Program, formerly known as the food stamp program. Video Transcript ZACK GUZMAN: In the meantime, that $1.9 trillion relief package signed by President Biden is extending a 15% increase for the country’s food stamp program, a.k.a, SNAP, through September of this year. But what exactly is SNAP? Yahoo Finance’s Brian Cheung is here to explain that, in this week’s Yahoo U. BRIAN CHEUNG: Class is in session. Today,… Source link
Read More »Google and Snap in talks to invest in India's ShareChat – Yahoo Finance Australia
GlobeNewswire Africa Two-Wheeler (Motorcycle, Scooter & Moped) Market, Competition, Forecast & Opportunities, 2025 Dublin, Jan. 04, 2021 (GLOBE NEWSWIRE) — The “Africa Two-Wheeler Market, by Vehicle Type (Motorcycle, Scooter & Moped), by Engine Capacity (up to 125 cc, 126 cc- 250cc, 251 CC- 500 cc and above 500 cc), by Country (Egypt, Nigeria, Kenya, Tanzania, Morocco, Others) Competition, Forecast & Opportunities, 2025” report has been added to ResearchAndMarkets.com’s offering. The… Source link
Read More »Google and Snap in talks to invest in India's ShareChat – Yahoo Tech
TipRanks 3 “Strong Buy” Stocks Set for Monster Growth in 2021 We’ve turned a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling ‘21 is gonna be a good year – and so far, so good. The markets closed out 2020 with modest session gains to cap off larger annual gains. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines… Source link
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