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U. S. stock futures traded higher on Tuesday following a positive start to the week on Wall Street, as investors weighed ongoing uncertainty surrounding the Middle East against another wave of corporate earnings.
Snap (NYSE:SNAP) reported second-quarter revenue growth of 19% as the company cited improving advertising performance, rapid expansion in subscription-related revenue and increased cash generation. The company also said it is shifting its primary financial objective toward free cash flow per share w
Social network Snapchat (NYSE: SNAP) will be reporting earnings this Monday after market hours. Here’s what you need to know.
(Bloomberg) -- Saudi Prince Alwaleed bin Talal Al Saud has acquired a $129.5 million stake in Lucid Group Inc., a much-needed vote of confidence in the electric vehicle maker weeks after it fended off rumors of an impending bankruptcy.Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeASML Slides on Report of China Starting DUV Tool ProductionDeepS
Oracle's annual filing cited AI adoption among the drivers of 21,000 job cuts in fiscal 2026. Snap cut 1,000 people and the CEO said rapid AI advances meant a smaller team could do the same work. At college graduation ceremonies this spring, speakers who brought up AI got booed. By May, Challenger, ...
Snap’s stock price has taken a beating over the past six months, shedding 42.7% of its value and falling to $4.69 per share. This might have investors contemplating their next move.
(Bloomberg) -- The House on Monday passed legislation to require new online safety protections for children, a sign of growing momentum in Washington to address a widespread concern among US parents even as the measure sets up a clash with senators seeking stronger safeguards.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesSupreme Court Le
By Diana Novak Jones June 23 (Reuters) - Google's YouTube has settled with a minor who claimed the platform caused mental health harms, the plaintiff’s lawyers said, ahead of a second California trial
Google's YouTube has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, his lawyers said Tuesday, ahead of a second California trial over social media's role in the youth mental health crisis. The suit named four defendants — YouTube, Meta's Instagram, Snap Inc's Snapchat and ByteDance's TikTok — and the remaining three companies are still set to face trial in July. Google spokesperson Jose Castaneda said in a statement that the lawsuit had been amicably resolved.
(Bloomberg) -- House lawmakers have reached a bipartisan deal on a legislative package intended to strengthen online safety and privacy protections for children and teenagers—a key sign of progress on a major policy priority.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIranian Negotiators Said to Still Be Engaged in Talks With USStocks Fa
Ohio's law requiring children under 16 to get parental consent to use social media apps must be restored, a divided panel of the Sixth Circuit Court of Appeals ruled Thursday. The decision comes as a blow to NetChoice, which had won court victories against similar laws in other states, including California and Arkansas. The trade group representing TikTok, Snapchat, Meta and other major tech companies brought suit against Ohio's law in 2024, arguing that it was overly broad, vague and represented an unconstitutional impediment to free speech.
US stocks look set for a cautious start on Wednesday as investors await the first Federal Reserve interest rate decision under new chair Kevin Warsh, with the focus less on the immediate policy outcome and more on the route forward. Futures point to a flat open for the Dow Jones and S&P...
Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist investor demands to shut down or spin off the cash-burning unit behind the device. The launch comes months after Irenic Capital Management pushed Snap to consider options for Specs as part of a series of changes that the activist investor said could boost the social media company's worth by at least five times. Irenic has argued Specs should be funded on its own, noting Snap has already spent more than $3.5 billion on the unit.
(Bloomberg) -- Prime Minister Keir Starmer announced what he described as a “full ban” on children using social media, one of the strictest online crackdowns in the democratic world and going beyond limits imposed by Australia last year.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s B
For much of the past month, Wall Street has been chanting the same three letters: SPCX, the Nasdaq ticker SpaceX intends to use when it begins trading on June 12, 2026. Retail investors have piled into the Destiny Tech100 vehicle, prediction markets have lit up, and r/wallstreetbets has turned a single post titled “$8 to ... SpaceX IPOs on Friday. The 55% rule says don’t chase it.
The law would likely apply to American tech companies like Meta and Snapchat, but would have exemptions if safety requirements are met.
Snap (SNAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Investing.com -- Meta Platforms’ major push into subscription services across Instagram, Facebook, WhatsApp and Meta AI, a move that could generate billions of dollars in recurring revenue.
SpaceX filed its S-1 ahead of a historic June IPO. Here’s what investors should know about Starlink, valuation risks, and Elon Musk’s governance.
The companies reached a settlement with a Kentucky school district to avoid a coming trial over accusations that they intentionally designed their platforms to addict young people.
Snap’s first quarter results met Wall Street’s revenue expectations and showed notable progress in narrowing operating losses. Management attributed the quarter’s performance to continued growth in Snapchat’s global user base and a strong acceleration in subscription revenue, particularly from the Snapchat+ and Memories Storage offerings. CEO Evan Spiegel pointed to improved engagement, with Spotlight and augmented reality features driving increased daily activity. CFO Derek Andersen emphasized
Alphabet's YouTube and Snap have reached settlements in the first case set for trial in litigation seeking to force social media platforms to cover the costs school districts incur to combat a youth mental health crisis they say the companies fueled. The settlements were detailed in court filings on Friday in federal court in Oakland, California, and resolve claims by a Kentucky school district that is still due to take Facebook and Instagram parent Meta Platforms and TikTok to trial on June 15. Terms of the settlements with Breathitt County School District in rural Eastern Kentucky were not disclosed.
Pre-Market Stock Futures: Futures are trading mixed on Wednesday, after a rough day for technology stocks and the Nasdaq. The combination of the prospect of a longer struggle with Iran, and higher inflation, which soared to 3.8% annually, the highest since May 2023, while the core number, which is less food and energy, rose to ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Advanced Micro Devices, Akamai Technologies, HEICO, Johnson & Johnson, MasTec, MercadoLibre, Sandisk, Snap
Investing.com -- Morgan Stanley identified five thematic trends across the gig economy following simultaneous earnings from DoorDash Inc (NASDAQ:DASH), Uber Technologies Inc (NYSE:UBER) and Instacart (NASDAQ:CART), while raising its Snap price target 8% to $7.
Investing.com -- A federal judge in Washington, D.C., has declined to "rubber-stamp" a $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC), according to a Friday ruling reported by Reuters.
Last fall, we described a crucible moment for Snap and the imperative to grow our community and engagement, reaccelerate revenue growth improved gross margins and establish a clearer path to net income profitability. Q1 marked a return to growth in daily active users reaching $483 million, while monthly active users grew to 956 million. Revenue increased 12% year-over-year to $1.53 billion, including a 3% year-over-year increase in advertising revenue to $1.24 billion and an 87% year-over-year increase in other revenue to $285 million.