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
Read More »Inflation is here. It’s ugly. It stings. But it could make you money: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, October 11, 2021 Funny (or sad, depending on how you look at it) short story from this past week that will inspire you to (hopefully) scrutinize your portfolio as we head into 2022. I enjoy grocery shopping, really ever since I raised hell down the canned-goods aisles with my mom as a kid. The thrill of finding that perfect looking steak… Source link
Read More »La Russa’s extra-inning gaffe stings White Sox in loss
Hall of Famer Tony La Russa developed a reputation as a master strategist while managing the Oakland A’s and St. Louis Cardinals to a total of three World Series championships. His second tenure with the Chicago White Sox is off to a bumpy start. And a decision in Wednesday’s 1-0 loss at Cincinnati will only raise more doubts about whether he is the right person for the job. La Russa acknowledged he was unaware of a rule that would have allowed him to use José Abreu as the automatic runner at… Source link
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