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June 12, 2021

Snap Inc

Apple announcements at WWDC show augmented reality is still its ‘next big thing’

CNBC
CNBC – For more and to sign up click here Apple released several new augmented reality tools and technologies for software makers during its annual WWDC conference this week. These technologies could be vital if Apple in fact releases an augmented reality headset or glasses in coming years. Apple has......

Tech companies made big pledges to fight racism last year — here’s how they’re doing so far

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CNBC – For more and to sign up click here Demonstrators gather at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity......

Amazon’s ad revenue is now twice as big as Snap, Twitter, Roku and Pinterest combined

CNBC
CNBC – For more and to sign up click here Mateusz Slodkowski | SOPA Images | LightRocket via Getty Images The major growth in Amazon‘s advertising unit means its revenue contribution is now 2.4 times larger than Snap, Twitter, Roku and Pinterest combined, and it’s growing 1.7 times as quickly,......

Snap CEO Evan Spiegel: We’re happy to pay Apple 30% — without Apple we wouldn’t exist

CNBC
CNBC – For more and to sign up click here Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap CEO Evan Spiegel on Friday said the social media company is happy to pay Apple’s 30% commission rate on in-app transactions. “We really feel like Snapchat wouldn’t exist without......

Snap reaches 500 million monthly users

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CNBC – For more and to sign up click here Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap said Thursday that its social media app Snapchat has reached 500 million monthly active users. This is a significant milestone for Snap, a company that refused multi-billion dollar acquisition......

Roku pops 16% after reporting highest revenue growth rate since IPO

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CNBC – For more and to sign up click here A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares popped more than 16% Friday after reporting earnings that showed advertisers are......

Buy Facebook as social stocks get swept up in tech’s sell-off, trader says

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CNBC – For more and to sign up click here Social media stocks are struggling. The group sustained notable losses on Tuesday as part of the broader sell-off in technology plays, with Snap falling nearly 6%, Pinterest down 2% and Facebook declining more than 1%. Twitter, which closed less than......

Gary Vaynerchuk: These three social platforms are a ‘requirement’ for small businesses to succeed

CNBC
CNBC – For more and to sign up click here As more of the country gets vaccinated and stores continue to reopen and operate under less Covid restrictions, small business owners are poised to see revenue gains this summer. But amid intensifying competition for consumer dollars, the lion’s share of......

Microsoft says LinkedIn topped $3 billion in ad revenue in the last year, outpacing Snap and Pinterest

CNBC
CNBC – For more and to sign up click here Recent data from LinkedIn shows the skills that are most in-demand as the labor market attempts to slowly regain its footing after the steep decline caused by Covid-19. Aytac Unal | Anadolu Agency | Getty Images Microsoft said Tuesday LinkedIn’s......

Stocks making the biggest moves after the bell: Tesla, Snap, GameStop & more

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CNBC – For more and to sign up click here A man walks in front of a GameStop store in the Jackson Heights neighborhood of New York City, New York, Jan. 27, 2021. Nick Zieminski | Reuters Check out the companies making headlines after the bell on Monday: Tesla —......

Stock futures calm in anticipation of big earnings week

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CNBC – For more and to sign up click here People walk by the New York Stock Exchange in lower Manhattan on Oct. 5, 2020 in New York City. Angela Weiss | AFP | Getty Images Futures contracts tied to the major U.S. stock indexes held steady at the start......

Cramer’s week ahead: The market is creating ‘unbelievable buying opportunities’

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CNBC – For more and to sign up click here CNBC’s Jim Cramer said Friday that investors should be ready to find buying opportunities in the stock market with earnings season in full swing. When companies report quarterly results, market players digest numbers quickly and Wall Street tends to make......

Stocks making the biggest moves midday: Kimberly-Clark, Intel, Snap and more

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CNBC – For more and to sign up click here Here are the stocks making significant moves on Friday. Kimberly-Clark – The consumer products stock slumped 5.9% after Kimberly-Clark fell short of analysts’ estimates for the first quarter. The company reported earnings per share of $1.80, 13 cents below what......

Stocks making the biggest moves in the premarket: Kimberly-Clark, Boston Beer, Mattel & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year......

Stock futures tick higher after concerns over capital gain tax hike prompt selling

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CNBC – For more and to sign up click here Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the capital......

Snap reports accelerating revenue growth, strong user numbers for first quarter

CNBC
CNBC – For more and to sign up click here A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City. Lucas Jackson | Reuters Snap’s stock......

Stock futures decline after major averages post first positive session in three

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CNBC – For more and to sign up click here U.S stock index futures declined in overnight trading on Wednesday, eating into the major averages’ gains from the session. Futures contracts tied to the Dow Jones Industrial Average slid 31 points. S&P 500 futures dipped 0.15%, while Nasdaq 100 futures......

Ad software company DoubleVerify up 28% on first day of trading

CNBC
CNBC – For more and to sign up click here DoubleVerify logo Source: DoubleVerify DoubleVerify, a company that builds software for digital media advertisers, was trading up 28% after launching its initial public offering Wednesday.  Shares opened at $35, up from its IPO price of $27, to reach a market......

Mark Zuckerberg announces Facebook is working on a Clubhouse clone

CNBC
CNBC – For more and to sign up click here The founder and CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020. Christof Stache | AFP | Getty Images Facebook CEO Mark Zuckerberg on Monday announced that the company......

Concerns over inflationary pressure on earnings will test stocks in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in......

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