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Social network Snapchat (NYSE: SNAP) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 12.1% year on year to $1.53 billion. Its GAAP loss of $0.05 per share was $0.02 above analysts’ consensus estimates.
Investing.com - Snap Inc. (NYSE:SNAP) reported first quarter results that exceeded analyst expectations, but shares fell 3% as the company’s second quarter revenue guidance came in roughly in line with Wall Street estimates.
The a16z-backed AI startup wants to bring the corner store experience to online shopping.
Job openings barely budged in March as the hiring rate reached its highest level in nearly two years, Labor Department data released Tuesday showed. But layoffs also crept higher.
Meta beat Q1 expectations, but the stock fell after its AI and data center spending outlook rose as high as $145 billion, shifting focus to whether ad pricing and engagement can offset rising infrastructure costs.