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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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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