Snap reported stronger than expected revenue growth in the third quarter, but warned that digital advertising demand could be weaker than normal in the fourth holiday quarter due to the global pandemic. Revenue for the most recent quarter was $679 million, rising 52% from the year-ago period and beating the consensus Wall Street estimate of $550 million. Snap has particularly benefited during...
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The Briefing Enterprise Startups
Meta’s M&A Ambitions Curtailed; Will Bret Taylor Be a Chip Off the Old Block?
Anyone working on mergers and acquisitions at Meta Platforms, formerly Facebook, might want to look for a new job. The British antitrust regulator’s decision to force Meta to divest Giphy, the tiny GIF search engine it acquired last year for $315 million, demonstrates that even small acquisitions are off limits to the tech giant. And while this was a decision in Britain, the Federal Trade...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
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