Tag Archives: snaps

(Bloomberg) — Snap Inc. plunged 43%, posting its biggest-ever one-day drop and dragging down social media peers, after the company cut its revenue and profit forecasts, blaming the weaker economic outlook for a sudden slowdown of its advertising business. Most Read from Bloomberg “We continue to face rising inflation and interest rates, supply chain shortages and labor disruptions, platform policy changes, the impact of the war in Ukraine, and more,” Chief Executive Officer Evan Spiegel… Source link

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 number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. Global spending across iOS, Google Play and third-party Android app stores in China grew 19% in 2021 to reach $170 billion. Downloads of apps… Source link

(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

Snap’s (SNAP) stock was down more than 23% in early trading Friday morning after its earnings report sharply missed revenue expectations the day before. Why the big miss? CEO Evan Spiegel said Apple’s (AAPL) recent privacy changes to iOS hampered advertisers’ efforts to track their campaigns. “Our advertising business was disrupted by changes to iOS ad tracking that were broadly rolled out by Apple in June and July,” Spiegel said during the company’s earnings call. “We have… Source link

MOSCOW, May 31 (Reuters) – Russian internet giant Yandex on Monday said it had agreed to buy online fashion retailer KupiVIP on undisclosed terms to enhance its Yandex.Market e-commerce offering. Sometimes described as Russia’s Google, Yandex offers a raft of services, from advertising and searches to ride-hailing and food delivery, and has said it plans to spend $400-500 million on an e-commerce drive this year. The deal is subject to regulatory approval and should be completed in the third… Source link

Bloomberg Stock Splits Are Back. So Is the Debate Over Whether They Matter (Bloomberg) — Stock splits are back in vogue among big U.S. companies, reviving a debate about whether the practice that had fallen out of favor for years is worth the fuss.Last week, Nvidia Corp. became the eighth company in the S&P 500 Index to announce a split in the past year, joining big names like Apple Inc. and Tesla Inc. That’s the most over a comparable period in six years, according to data compiled by… Source link

Entering Friday, North Carolina head coach Roy Williams held a 29-0 record in the first round of the NCAA Tournament. Wisconsin basketball held a 4-42 record at Mackey Arena, the site of the Badgers’ first-round matchup against Williams’ Tar Heels. Lies, damned lies and statistics. Improbability became emphatic reality in West Lafayette, Indiana, on Friday, as the ninth-seeded Badgers blew out North Carolina 85-62 to snap Williams’ unbeaten streak, which went back to his first March Madness in… Source link

As he struggles to come to terms with losing the election, US president Donald Trump has lashed out at a journalist in a bitter tirade at the White House. On Thursday (local time) Trump took questions from the media for the first time since election day, but didn’t like being confronted with the reality of his loss. The president renewed baseless claims that “massive fraud” and crooked officials in battleground states cost him the election. He angrily denounced officials in Georgia and… Source link