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Shares of Chinese Software Company Agora Soar on Clubhouse Success

By Shai Oster
· · Source: Bloomberg

Shares of Nasdaq-listed Agora have soared 150% in recent weeks after talk that the hit app Clubhouse uses its software. The Chinese software developer hasn’t confirmed that Clubhouse is a client, but plenty of other signs show that it is, Bloomberg reported. Agora’s software development kit for integrating voice and video chat functions into apps have led it to a market value of nearly $10...

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The Briefing Media/Telecom Google
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Snap CEO Evan Spiegel. Photo by Bloomberg.
Advertisers are hitting the brakes—hard. That’s the message today from Snap, the first of the digital ad companies to report third-quarter earnings. A combination of Apple’s ad-targeting clampdown and knock-on effects from supply shortages are expected to sharply slow fourth-quarter ad growth, Snap executives warned. It was a sobering portent for Facebook, Alphabet and all other media firms...
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Google Cloud CEO Thomas Kurian in 2019; photo by Bloomberg
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Clockwise from upper left: Brian Brooks, Catherine Coley, Venkata “Murthy” Renduchintala, Brian Boland, Kirthiga Reddy and Janice Min
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