Expectations for Snap Inc.’s second quarter were low. The reality was even worse. The Snapchat owner posted its worst revenue growth since going public in 2017 thanks to mounting competition and slower ad spending. Snap shares plunged 26% in after-hours trading. The company is the first big social media company to report results this quarter, and the stock prices of digital-ad-dependent Meta...
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Let’s Talk About Jack Dorsey
Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short seller Hindenburg Research sent Block’s stock down 15% with a report saying the payments company, formerly known as Square, had been inflating its user metrics by serving criminals with shady “Wild West compliance.”You can...
U.S. Prosecutors Charge Do Kwon with Fraud after Arrest in Montenegro
Mysten Labs to Buy Back Investment From FTX for $96 Million
Slack’s Sales Chief Departing Salesforce Next Month
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