Snap Inc
Tech companies racked up over $17 billion in losses on equity investments in the first quarter
An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created […]
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The market just posted an unhealthy AOL-Time Warner bubble comparison
A Teladoc rolling telehealth cart that allows physicians to meet with their patients remotely, on October 8, 2021. Newsday Llc | Newsday | Getty Images This week’s earnings details have included some big-name reckonings with the value of high-growth, high-tech — and high-risk — companies. Ford and Amazon writing down stakes in electric vehicle maker […]
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TikTok looms large in tech earnings reports as digital ad giants struggle to keep up
Rafael Henrique | LightRocket | Getty Images As the heart of tech earnings season wraps up, one persistent theme has been weakness in the digital ad market. The war in Ukraine, rising inflation, Apple’s privacy changes and an overall pullback in ad spending help explain why Facebook, Google, Amazon and Twitter all reported disappointing revenue […]
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Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing […]
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Snap launches a $230 flying camera called Pixy
Snap is launching a flying camera, the company announced Thursday during its annual partners summit. The camera, called Pixy, is a “pocket sized” device with no controller. Instead, users tap a button to send Pixy into one of four preset flightpaths. The device floats, orbits, or follows a few feet above the user to capture […]
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Twitter is set to report Q1 earnings days after accepting Musk’s takeover bid
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter of 2022, in what […]
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Facebook shares spike on better-than-expected quarterly earnings
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Shares of Facebook parent Meta jumped 15% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Here are the results. Earnings […]
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Pinterest jumps after earnings beat
Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Pinterest jumped in after-hours trading Wednesday after the social media company reported first quarter 2022 earnings that beat analyst expectations. The stock was up more than 6%. Here’s how Pinterest did versus Refinitiv […]
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YouTube’s huge miss shows digital media ad market is getting hit hard
Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo. Dado Ruvic | Reuters During the pandemic, YouTube was one of Alphabet’s prime growth engines as more people were glued to their screens while stuck at home. The video site continued its rapid expansion last year as […]
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Musk’s Twitter takeover may boost Facebook, Google and Snap ad revenues
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Elon Musk’s private takeover of Twitter may boost ad revenue for YouTube, Snap, Meta and TikTok, analysts from several Wall Street firms said in recent notes to investors. Twitter, which announced it accepted […]
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