Social network Snapchat (NYSE: SNAP) announced better-than-expected revenue in Q1 CY2025, with sales up 14.1% year on year to $1.36 billion. Its GAAP loss of $0.08 per share was 40.3% above analysts’ consensus estimates.
Former Meta COO Sheryl Sandberg testified in an antitrust trial, revealing efforts to block ads from competitors like Google Plus and KakaoTalk, while Mark Zuckerberg acknowledged TikTok's dominance over Facebook and Instagram.
TikTok has reportedly laid off members of its U.S. e-commerce team amid internal performance issues and growing uncertainty over its future in the U.S., just days after a ByteDance divestment deal collapsed following Trump's steep new tariffs on China.
If the Street can anticipate a resolution to all tariff issues over the next 12-18 months, the analyst notes the most significant opportunity for certain names in his e-commerce coverage group.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
A number of stocks fell in the afternoon session after markets gave up early gains with optimism over progress in US-China trade talks quickly fading as the Trump administration announced plans to raise tariffs on all Chinese imports to well above 100%.
Investors weren't exactly wrong to be excited about the companies trying to make meal kits and plant-based meat cool. But they sure haven't made any money from those bets. So...what went wrong?
