Snap Q2 Report Sparks $80 Billion Loss in Ad Industry Market Cap Amid Tiktok Competition, Inflation Concerns

Snap announced poor second quarter earnings on Thursday, missing Q2 revenue targets and bringing the company’s shares down by 26 percent. The camera-based chat service has lost over 70 percent in 2022. The report also sparked a selloff in rival internet ad sellers, as Facebook owner Meta dropped 5 percent in extended trade, while Alphabet and Pinterest fell 3 and 7 ...

from Gadgets 360 https://ift.tt/Ifatn7O
via IFTTT

Comments

Post a Comment

Popular posts from this blog

OnePlus 12 Price Drops on Amazon Ahead of OnePlus 13 Launch in India Next Month

OnePlus 13 is scheduled to launch in India and the global markets next month. Ahead of its anticipated debut, the Chinese company’s current flagship smartphone, the OnePlus 12, has received a price cut on e-commerce platforms. Customers can purchase the smartphone with an initial discount to get it at a lower price than its list MRP. Additionally, there are bank off... from Gadgets 360 https://ift.tt/zR3G5Dy
Read more

Samsung Galaxy M36 5G Launching Today: Expected Price and Specifications

The Samsung Galaxy M36 5G is set to be launched in India today (June 27). The handset will arrive as the successor to the Galaxy M35 5G which was introduced in the mid-range segment last year. While a majority of the specifications remain under wraps, the South Korean tech conglomerate has been teasing its capabilities in days leading up to its launch. Here’s everyt... from Gadgets 360 https://ift.tt/RS5ImQH
Read more