Snap’s revenue grew 116% to $982 million in the second quarter, exceeding expectations as the company continues to build on its momentum from the past year. Daily active users on the platform reached 293 million, up 23% from the prior year. Last quarter, Snap reported 280 million daily active users. Snap has been gaining ground of late as it focuses its attention on new features and...
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Streaming Services Should Beware Becoming Like Cable Companies
About a month ago, I finally reached my breaking point with YouTube TV, the streaming service I had subscribed to years earlier as a replacement for cable TV. I didn’t think twice about paying $40 a month for it in 2018, but after years of price increases—YouTube TV now costs $73 a month—I realized my family wasn’t watching it nearly enough to justify the money. So I ditched it. More...
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