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Social media app’s shares drop after-hours as it reports slowest pace of revenue growth since going public in 2017
UK’s Online Safety Bill requires stronger age verification measures for platforms including TikTok, Instagram and Snapchat
Companies expected to report sharp revenue comedown after pandemic-fuelled digital boom
Messaging app maker predicts revenue growth will slow through end of year
Slow growth prompts social media group to slash investment in augmented reality glasses and video content production
But social media group is growing its user base at a faster clip than rivals such as Meta
Weak earnings raise fears that inflation and interest rates are starting to hit social media companies
Social media company said it will ‘substantially reduce’ hiring and shake up strategy
Social media platform is the latest to dabble in digital assets to attract influencers despite crypto crash
Nasdaq sinks after Snap warning fuels further drop in tech sector
The horror . . . the horror
Airbnb’s China retreat, Digital nomad-eira, Logitech’s MX Mechanical
Social media company’s shares plunge after it says conditions have ‘deteriorated further and faster than anticipated’
In the last quarter, R&D expenses were $455.5mn — 43% of revenue
The app now has 100mn more users than Twitter and its user base is growing faster than Facebook’s
Twitter overstates its user figures, Apple’s new antitrust challenge and a pocket Polaroid camera
Google, Apple and Amazon benefit from demand for digital services and cloud computing
Thursday’s S&P 500 advance masked widespread declines in equities.
Changes cost rivals billions in advertising revenue and helps its own ad business to thrive
Forcing apps to ask for permission to track users for advertising purposes leads to big hit for social media platforms
Los Angeles-based social media group blamed iPhone-maker’s new rules as it posted bleak fourth-quarter outlook
Regulator gears up to oversee UK-based video streaming platforms with warning over content and user age
We’re marking the end of the lowflation era. Maybe.
AR glasses in their current form are unlikely to take off
Growth, growth baby.
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