:Photo messaging app-owner Snap Inc on Tuesday gave weaker third quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 17 per cent.Snap, which owns the Snapchat app, has attracted hundreds of millions of users thanks to its lighthe
:Photo messaging app-owner Snap Inc on Tuesday gave weaker third quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 17 per cent.
The Santa Monica, California-based company said it estimates third quarter revenue will be between $1.07 billion to $1.13 billion. Analysts were expecting revenue of $1.13 billion, at the top end of the guidance range. Advertisers are beginning to see results from the changes, which led to a more than 30 per cent increase in"purchase-related conversions" compared to the first quarter, Snap said its Tuesday letter to investors.
Daily active users on Snapchat rose 14 per cent year-over-year to 397 million, beating Wall Street expectations of 394.8 million. More than 150 million people have also sent more than 10 billion messages to My AI, a ChatGPT-powered bot launched in February.
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Snap beats revenue and user estimates, offers softer Q3 outlookPhoto messaging app-owner Snap Inc on Tuesday beat Wall Street targets for quarterly revenue and user growth, but gave weaker third quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars.Snap, which owns the Snapchat app, has attracted hundreds of milli
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Taiwan President Tsai tests positive for COVID-19TAIPEI: Taiwan President Tsai Ing-wen tested positive for COVID-19 on Tuesday (Jul 25), the presidential office said, adding her itinerary for Tuesday afternoon has been cancelled. Tsai felt 'minor discomfort' and tested positive after having a rapid test, the office said in a statement. 'The pre
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Alien cockroach, Pokemon, or lantern fly? — Netizen shares photo of strange insects found on tree - Singapore News'Alien cockroach with antenna,' said one, while another joked, 'Name that pokemon!'
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Elon Musk says Twitter's blue bird logo to be replaced by an XSAN FRANCISCO — Twitter Inc owner Elon Musk on Sunday (July 23) signalled he would do more to take the social media company in a new direction with a rebranding that will
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FTC readies lawsuit that could break up Amazon - PoliticoThe U.S. Federal Trade Commission is finalizing its long-awaited antitrust lawsuit against Amazon in a move that could ultimately break up parts of the company, Politico reported on Tuesday.
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