The Food and Drug Administration greenlights updated booster shots for COVID-19. What’s new about them? More tech layoffs: Snapchat’s parent company is laying off a big chunk of its global workforce—as it struggles to grow sales. Over two dozen states are cutting taxes and returning money to people after bringing in more than they actually need….
FDA Authorizes Updated COVID-19 Boosters; Snapchat to Lay Off Over 1,200 Staff | NTD Business
Snap Shares Plummet 43%; New Home Sales Hit 2-Year Low in April | NTD Business
Social media stocks lose billions of dollars, after a profit warning from Snapchat’s parent company. Some clothing companies are way down too. New home sales tumble to a two-year low. What’s behind it? Is the housing market cooling down? President Joe Biden is looking at releasing diesel fuel reserves, as diesel prices hit all-time highs. Will it…
Parents Could Soon Have an Option to Track Teens’ Activity on Snapchat
Teens using Snap Inc.’s Snapchat may no longer hide away from the watchful surveillance of parents. The social media platform is gearing up to launch a parental control hub called “Family Centre,” TechCrunch reported, citing a screenshot shared by “Watchful,” a mobile product intelligence startup that gives insights into unreleased products. The feature will let…
Snap Shares Surge After First-Ever Quarterly Profit
Snap Inc. saw its shares surge by nearly 60 percent after the company reported its first-ever quarterly profit, defying analysts’ predictions that the messaging platform would post another loss. The California-based company said in a Feb. 3 earnings report that its fourth-quarter profit was $22.6 million, or 1 cent per share. The report came as…
NTD Business Full Broadcast (Oct. 22)
A business group warns the Biden administration that the vaccine mandate could lead to mass layoffs and supply chain chaos. It urges him to delay enforcement or offer alternatives. Snapchat shares plunge after it announces quarterly earnings. How much did it miss on revenue? And what caused it? And Chinese tech giant Huawei pays a…
Snapchat Takes Other Social Media Stocks Down With It on Apple Privacy Changes Warning: What You Should Know
Snapchat parent Snap Inc.’s acknowledgement that its ad business was impacted by Apple Inc.’s iOS 14 privacy changes dragged stocks of other social media rivals such as Facebook Inc., Twitter Inc., Pinterest Inc., and Alphabet Inc. What Happened Snap’s shares fell more than 21 percent in Thursday’s after-hours session after the company’s third-quarter revenue missed analysts’ estimates as its ad…
Snapchat to Permanently Terminate Trump’s Account
Snapchat is permanently removing President Donald Trump from its platform. “Last week we announced an indefinite suspension of President Trump’s Snapchat account, and have been assessing what long term action is in the best interest of our Snapchat community,” a spokesperson told news outlets. “In the interest of public safety, and based on his attempts…
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