Snap and Twitter partly blamed advertising-industry headwinds for their poor quarterly results this week, renewing concerns of a broader slowdown in the online-ad market as its largest players get ready to report next week
Twitter’s request to fast-track its lawsuit against Elon Musk was granted this week.Snap Inc. and Twitter Inc. partly blamed advertising-industry headwinds for their poor quarterly results this week, renewing concerns of a broader slowdown in the online-ad market as its largest players are getting ready to report next week.
“We’re seeing the overall advertising pie grow at a slower rate,” Derek Andersen, Snap’s chief financial officer, told analysts Thursday after the parent of popular photo-sharing social-media app
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breakingviews - Twitter and Snap could be M&A birds of a featherTwitter and Snap share some common problems. If they’re smart, they could share much more, as merger partners - provided Twitter can tie up its loose ends with fickle suitor Elon Musk .
Read more »
Twitter, Snap swoon underscores end of stay at home boomSeveral high-flying stocks that surged during the COVID-19 crisis have since crashed to prices below their pre-pandemic levels.
Read more »
Pre-Snap Reads 7/21: Tyler Lockett ranked top 10 slot receiverRead!
Read more »
Italy's president dissolves parliament, triggering snap election following Draghi's resignationItaly's President Sergio Mattarella says he will dissolve parliament, triggering a snap election, after Prime Minister Mario Draghi resigned
Read more »
Snap Misses Already Lowered Q2 Expectations, Stock PlummetsSnap reported second-quarter results that came in under analysts’ already reduced expectations — and it didn’t provide Q3 guidance — sending the stock down more than 20% in …
Read more »
Snap stock plunges 25% as advertising slows down, executives decline to offer forecastSnap’s stock snapped Thursday after the company disclosed slackening digital advertising and hinted at cost cutting while declining to provide a financial forecast. $SNAP reported a second-quarter net loss of $422.1 million.
Read more »