Snap Inc
Snap’s warning sends shock across digital advertising as investors flee social media stocks
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were […]
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Stocks making the biggest moves midday: Snap, Abercrombie & Fitch, Roblox and more
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after […]
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Snap falls 40% on pace for worst day ever, dragging other stocks with it
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plunged 40% on Tuesday, putting the company on pace for its worst day ever and dragging down other social […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to gave back some of Monday’s snapback rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New York […]
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Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more
Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – Best Buy jumped 5.2% in the premarket after the electronics retailer reported a mixed quarter. Best Buy fell 4 cents a share shy of forecasts, with quarterly earnings of $1.57 per share. Revenue was better than expected, however, and […]
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Elon Musk can’t just walk away from his Twitter deal by paying a $1 billion breakup fee
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk can’t just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It’s not that simple. Musk Friday tweeted that he has decided to put his acquisition of Twitter “on hold” as […]
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Alphabet CEO Sundar Pichai on inflation, investing in growth, and free speech on the internet
CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told […]
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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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