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...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
markets
Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
Latest Briefs
Apple Insiders Debate Prospects for Mixed Reality Headsets
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive
startups
electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors
