Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.
The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.
The social media company said it remains optimistic about its long-term opportunity amid its community growth.
A source has clarified that the company does not rule out the possibility of going public this year, however, it is unlikely.
The resignation move is something investors and market stakeholders were impressed about as shown in the current growth of the British Pound which has been on a freefall for the better part of the past few weeks.
The government said it will also be buying securities with a much shorter tenor as its measures are pegged at stability in both the long and short term.
At the latest Tesla earnings call, Elon Musk stated that Twitter has much greater potential than current value.
IBM recorded $4.70 billion in consulting revenue during Q3 2022. The figure is a 5.5% jump over the prediction of $4.51 billion.
Tesla said during the Q3 2022 earnings call that it expects to miss its delivery target for the year.
The plunge in revenue and profits in the quarter are borne out of the reduction in trading volumes, a situation that is not necessarily peculiar to the Hong Kong Stock Exchange alone.
Meanwhile, the IRS has found a way to clarify the status of NFTs for crypto investors.
With the growing inflation in the UK, many consumers are already planning a conservative holiday season according to a survey from McKinsey & Company.
By identifying the major cause to address per its own flaws with regard to the outage, Kakao Corp has come up with a plan to build its own data center.
According to Ittai Ben-Zeev, CEO of TASE, the financial markets have undergone a significant change recently as a result of the advent of cutting-edge technology that alters how investors and clients throughout the world conduct their business.
According to the SEC, the application by Grayscale failed to answer the questions about preventing crypto market manipulation, among other concerns.