Snap’s revenue rose 6% in the third quarter to $1.13 billion, a much smaller increase than its 13% growth in the second quarter, and its weakest quarterly growth in its five years as a public company. The Santa Monica, Calif.-based parent of Snapchat blamed a weak advertising market and forecast flat revenue growth in the current quarter. The photo messaging app, known for its disappearing...
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Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information. Next has enlisted the help of BG Strategic Advisors, a Florida-based boutique investment bank specializing in transportation and logistics mergers and acquisitions, according...
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