Snapchat showed its first-ever decline in daily active users—by 3 million to 188 million— but it also topped Wall Street’s revenue estimates. The two messages essentially counteracted each other and Snap’s stock was flat in after hours trading. The company tried to divert attention from its loss of DAUs by announcing that it had around 100 million monthly active users—the first time it has...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
TikTok CEO To Testify Before Congress
SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
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