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Snap Shares Up After Earnings

Snap Shares Up After Earnings

Snap Inc. (NYSE: SNAP) shares jumped Tuesday after market, as it has reported financial results for the quarter ended June 30, 2018. Snap's net loss decreased 20% to $(353) million in Q2 2018, compared to a net loss of $(443) million in Q2 2017...

Tesla Hires Snapchat VP to Lead Autopilot Initiative

Tesla Hires Snapchat VP to Lead Autopilot Initiative

Tesla Inc (NASDAQ: TSLA) has hired Snap Inc. (NYSE: SNAP) vice president of monetization engineering as the new vice president of engineering. Bowers will be taking on the Autopilot initiative for the company and other projects. The head of Tesla..

Snap Inc to Cut Around 100 Workers in the Second Round of Layoffs

Snap Inc to Cut Around 100 Workers in the Second Round of Layoffs

On Thursday, Snap Inc (NYSE: SNAP), which operates the Snapchat app, said that it will cut around 100 workers in the second round of layoffs. This move is the company’s latest step to restructure the company after aggressive hiring in the past..

Dr Pepper Snapple Group Posted Q4 Earnings

Dr Pepper Snapple Group Posted Q4 Earnings

Dr Pepper Snapple Group Inc. (NYSE: DPS), whose brands include A&W root beer and Bai fruit drinks, reported its revenue and earnings for the fourth quarter on Wednesday.The company reported profits for the fourth quarter of $508 million, or $2.8..

Facebook Losing Younger Users at a Faster Rate than Previous Forecast

Facebook Losing Younger Users at a Faster Rate than Previous Forecast

Facebook (NASDAQ: FB) is on track to lose its younger users at a faster rate than the previous forecast. The social media giant is expected to lose nearly two million users under the age of 24 this year alone as more begin to shift to other platform..

Snap Shares Surge on Strong Earnings Result

Snap Shares Surge on Strong Earnings Result

Snap Inc. (NYSE: SNAP) soared more than 35 percent on Wednesday morning after the company reported quarterly revenue and earnings that beat analysts’ estimates.The instant message company said fourth-quarter revenue rose 72 percent to $285.7 m..

Big Investors Raise Stakes in Snap Inc.

Big Investors Raise Stakes in Snap Inc.

Firms such as Fidelity Investments and Coatue Management LLC have increased their stakes in Snap Inc. (NYSE: SNAP) third quarter following the company’s disappointing results. Fidelity’s companies held 11 million more Snap shares th..