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☆ Canada alleges Indian home minister ordered campaign targeting Sikh separatists
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

OTTAWA, Ontario — A Canadian official alleged Tuesday that Indian Home Minister Amit Shah ordered a campaign of violence, intimidation and intelligence-gathering targeting Sikh separatists inside Canada. Indian government officials have repeatedly denied that Canada has provided evidence and have called the allegations absurd. Nathalie Drouin, Trudeau’s national security adviser, told the committee Tuesday that Canada has evidence the Indian government first gathered information on Indian nationals and Canadian citizens in Canada through diplomatic channels and proxies. Drouin said a meeting was held with Indian Prime Minister Narendra Modi’s national security adviser, Ajit Doval, in Singapore two days earlier. Four Indian nationals living in Canada were charged with Niijar’s murder and are awaiting trial.

Persons: Amit Shah, David Morrison, ” Morrison, Morrison, Shah’s, Justin Trudeau, Hardeep Singh Nijjar, Shah, Vikash Yadav, Nathalie Drouin, Lawrence Bishnoi, Bishnoi, Drouin, Narendra Modi’s, Ajit Doval, Mike Duheme Organizations: Canadian, Indian, Foreign, Washington Post, Sikh, Canada, United States Justice Department, Justice Department, Royal Canadian Mounted Police Locations: OTTAWA, Ontario, Canada, British Columbia, Ottawa, New York City, York, India, United States, New Delhi, Singapore, Surrey, An Indian

☆ China’s new crew arrives at space station in sign of growing influence in space field
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

The team of two men and one woman will replace the astronauts who have lived on the Tiangong space station for the last six months, conducting a variety of experiments and maintaining the structure. China built its own space station after being excluded from the International Space Station, mainly because of U.S. concerns over the overall control over the space program by the People’s Liberation Army, the Chinese Communist Party’s military arm. China’s moon program is part of a growing rivalry with the U.S. and others, including Japan and India. Besides putting a space station into orbit, the Chinese space agency has landed an explorer on Mars. China’s space authorities say they have measures in place in case their astronauts have to return to Earth earlier.

Persons: Cai Xuzhe, Lingdong, Wang Haoze, Wang, Adek Berry, Ng Han Guan Organizations: China Aerospace Science, Technology Corporation, Getty, China Central Television, International, People’s Liberation Army, Communist, U.S, NASA, Soviet Union Locations: JIUQUAN, China, United States, AFP, Japan, India, U.S, Russian

new video loaded: Why This Nuclear Power Plant Is RestartingBy Rebecca F. Elliott, Alexandra Ostasiewicz, Nikolay Nikolov, Laura Salaberry and Dave Horn • October 30, 2024Why This Nuclear Power Plant Is RestartingRecent episodes in Latest VideoWhether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world. Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.

Persons: Rebecca F, Elliott, Alexandra Ostasiewicz, Nikolay Nikolov, Laura Salaberry, Dave Horn • Organizations: Times Video

For many families, child care is often the biggest. Thanks to a state program launched during the recovery from the pandemic, they pay nothing for child care. Vice President Kamala Harris proposes capping child care costs at 7% of working families’ incomes, along with an up-to-$6,000 expanded child tax credit for those with newborns. The permanent fund now funnels more than $150 million from fossil fuel producers into child care subsidies, state officials estimate. As elder care costs continue to outpace inflation, the Democratic ticket sees that constituency as key to victory.

Persons: Maggie Wright, JJ Oviedo, Patricio, Uriel, ”, Wright, JJ, “, ” Maggie Wright, Oviedo, Michelle Lujan Grisham, Kamala Harris, Donald Trump hasn’t, —, Elizabeth Groginsky, Lujan Grisham, family’s, they’ve, she’s, Harris, ” Wright, ’ ”, Taryn Morrissey, ” Morrissey, Deyanira Contreras, Randy Orona, Torres, Contreras, ” Orona Organizations: SANTA FE, Democratic Gov, Fund, Childhood, Care Department, U.S, Labor Department, Wright, Democratic, American University’s School of Public Affairs, ”, Kids, Kids Campus Locations: SANTA, Oviedo, Santa Fe, —, New Mexico, Fe, McDonald’s

From 2008 through 2020, the winning candidate either swept or nearly swept the final six to eight battleground states. Are we still under-sampling Trump voters? Then again, is Trump’s improvement in the polls this cycle an indication the polling community finally got it right on the Trump vote? In 2020, the Trump campaign was the only one knocking on doors during Covid, as the Biden campaign feared scaring its supporters at the doors. The Harris campaign appears invested in doing traditional get-out-the-vote programs in all sorts of places.

Persons: There’s, Donald Trump's, George W, Kamala Harris, Trump, Harris, John Kerry, he’d, Barack Obama, ”, there’s, I’ll, Nikki Haley, you’re, I’ve, Hillary Clinton, “ We’ve, let’s, she’s, Biden, Elon Musk, Charlie Kirk’s, Roe, Wade, Toss, hasn’t Organizations: Trump, North Carolina, Pennsylvania, Sun, Democrats, Republican Party, Democratic, North, NBC, GOP, Republican, White, Republicans, Madison Locations: Northern, Wisconsin , Michigan, Pennsylvania, North Carolina , Georgia, Arizona, Nevada, Omaha , Nebraska, Harris, U.S, New Mexico, Ohio, North, Michigan, Wisconsin, North Carolina, Florida, Georgia, Las Vegas, Omaha, Trump, New York

Some comics online did not specifically call out Hinchcliffe’s jokes at the rally but shared broader thoughts about comedians’ crossing the line. On an August episode of “The Joe Rogan Experience,” Rogan said Trump should hire Hinchcliffe to “write bangers” for him on the road. But Hinchcliffe’s joke about Puerto Rico landed poorly across both political parties. While most comedians did not come to Hinchcliffe’s defense, “The Daily Show” host Jon Stewart said such jokes should have been expected from a comedian like Hinchcliffe. But with Hinchcliffe’s joke, she said, “it almost just felt like he was saying, ‘I don’t like Puerto Ricans,’ which is so clearly offensive.

Persons: Tony Hinchcliffe’s, ”, Donald Trump’s, ” Hinchcliffe, “, Hinchcliffe, Jerry Seinfeld, Jay Black, you’re, Black, ’, Anthony Jeselnik, Jeselnik, Marc Maron, supremacists, ” Maron, Trump, Joe Rogan, Andrew Schulz, Theo Von, podcasters . Rogan, Rogan, ” Rogan, Danielle Alvarez, María Elvira Salazar, Sen, Rick Scott, Carlos Gimenez, Anthony D’Esposito, Jon Stewart, ” Stewart, Ginny Hogan, ” Hogan, ‘, Jake Flores, ’ ” Flores, it’s “, Tony Organizations: Madison, Trump, ” Locations: Puerto Rico, New York City, Puerto Ricans

In 2020, election week replaced election night: Joe Biden wasn’t declared the winner until Saturday. The truth is the Decision Desk cannot know until election night which scenario will unfold, regardless of how carefully we have analyzed the polls, early vote, and other election-related data. One thing is clear: The days of projecting a winner on election night itself are almost certainly over. North Carolina has a similar pattern in how it reports out the vote, with 99% of the vote counted by midnight in past elections. And unlike some other close states, it wasn’t just because the margin was so thin.

Persons: It's, Joe Biden wasn’t, Joe Biden’s, let’s, John Fetterman, —, Stephen Pettigrew Organizations: NBC, Electoral College, Wednesday, Philadelphia, Senate, Congressional, NBC News Locations: Pennsylvania, Georgia, Arizona, Michigan, Wisconsin, Allegheny, Pittsburgh, North Carolina, Nebraska’s, Nebraska, Nevada

Kendra Panteah, 37, pleaded guilty Friday to one count of kidnapping not resulting in death in federal court in Albuquerque, according to court records. Another man, Gilbert John Jr., fatally stabbed the victim, the prosecutor's office said. Panteah said the two other people got out as she drove to Gallup with the man still locked in the trunk, according to the plea agreement. They stopped at Bass Lake, which is where the victim began breaking out of the trunk and John stabbed him repeatedly with a machete, Panteah and prosecutors said. He and Panteah sat on the trunk of the car until the victim stopped moving, according to Panteah's plea agreement.

Persons: Kendra Panteah, Panteah, John Doe, Gilbert John Jr, John, Witch, —, Navajo, Erlinda Johnson, Johnson Organizations: Attorney's, District, Gallup, Navajo Locations: New Mexico, Albuquerque, U.S, Zuni , New Mexico, Witch Wells , Arizona, Bass

At the event, comedian Tony Hinchcliffe called Puerto Rico “a floating island of garbage.” He also made crude, offensive and racist comments about Latinos and Black people. On Tuesday, during a video call for Latino voter outreach, Biden defended the Puerto Rican community and appeared to criticize either Trump supporters or Hinchcliffe. “And just the other day, a speaker at his rally called Puerto Rico a ‘floating island of garbage,’” read the White House transcript. The comments at that rally don’t reflect who we are as a nation,” he wrote. In an interview with Fox News this month, host Bret Baier asked Harris whether she thought Trump supporters were “stupid.”“Oh, God.

Persons: Joe Biden, Donald Trump’s, Tony Hinchcliffe, Biden, “, ” Biden, It’s, we’ve, Andrew Bates, Trump, Hinchcliffe’s, ”, Kamala Harris, ” Harris, Harris, Chris LaCivita, Harris “, Sen, JD Vance, Marco Rubio, Rubio, ” Trump, Hillary Clinton’s, Josh Shapiro, It's, Donald Trump, Bret Baier, Chris Kofinis Organizations: WASHINGTON, Puerto, Trump, Puerto Rico spewed, U.S, Capitol, Democratic Pennsylvania Gov, CNN, Fox News, Democratic Locations: Puerto Rico, Puerto Rican, Madison, Delaware, Puerto, Washington, America, American, Ohio, Allentown , Pennsylvania, Pennsylvania

☆ Subway sandwiches are short on meat, lawsuit claims
▼ + stars: | 2024-10-30 | by ( ) www.nbcnews.com time to read: +1 min

NEW YORK — A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times more meat than it delivers. According to a proposed class action filed Monday in federal court in Brooklyn, Subway ads for its Steak & Cheese sandwich show layers of meat piled high, reaching about as high as the surrounding hero bread. In reality, according to several photos in the complaint, the fast-food chain’s sandwiches are far more bread than filling. Her lawsuit seeks unspecified damages for New Yorkers who bought the sandwiches in the last three years, for Subway’s alleged violations of the state’s consumer protection laws. Subway previously defended for more than four years against a lawsuit claiming its “footlong” sandwiches were too short.

Persons: Anna Tollison, Queens, Subway’s, Taco Bell, ” Tollison’s, Anthony Russo, Burger King Organizations: New Yorkers, Roark Capital, Subway, McDonald’s Locations: Brooklyn, Atlanta, Subway, Shelton , Connecticut, Miami

"The people of Puerto Rico trust you and we have high hopes," said Zoraida Buxo. Before Trump arrived on stage, some of the speakers also took pains to celebrate Puerto Rico. In Pennsylvania, a crucial battleground state, the Puerto Rican population amounts to nearly 500,000 people, according to census estimates. People of Puerto Rican descent comprise the biggest share of Latino eligible voters in Pennsylvania. In a visit to Puerto Rico after the storm Trump tossed rolls of paper towels to residents of the stricken island.

Persons: Donald Trump, Trump, vouched, Tony Hinchcliffe, Zoraida, Tim Ramos, ”, Buxo, God, Sen, Marco Rubio, Rubio, Kamala Harris, Matt Tuerk, Bad Bunny, Harris, Joe Biden, Susan Wild, I’ve, hadn’t, Vance, ” Sen, Bob Casey, Enid Santiago, Santiago, ” Tairy, Hurricane Maria, ” Pagan, “ Organizations: Puerto Rico, Madison Square Garden, Puerto Ricans, Hispanic, Puerto, Republican, Trump, Democratic, Puerto Rican, Reuters, NBC News, CNBC, Telemundo, Democrat, ABC News, Madison, Hurricane Locations: ALLENTOWN, Pa, —, Puerto, Madison Square, Puerto Rico, New York City, Allentown, Puerto Rican, Manhattan, Pennsylvania, Madison, “, Trump, Allentown ., Hurricane

As Dodgers outfielder Mookie Betts attempted to catch a foul ball in the first inning of Game 4 of the World Series on Tuesday, two Yankees fans tried to rip the ball out of his glove. The bizarre 'only-in-New York' moment took place in the bottom of the first when Gleyber Torres led off the inning with a pop fly to right field. Follow along for live coverage of Game 4After Betts nabbed the ball, one Yankees fan in an away Aaron Judge jersey wouldn't let go of Betts' left hand until he pried it loose. The effort was all for nothing as the umpire ruled Torres out from fan interference and the two men were escorted out by stadium security. This marks the second time this series Torres has been on the wrong end of a fan interference call.

Persons: Mookie Betts, Gleyber Torres, Betts, Aaron Judge, wouldn't, Torres Organizations: Dodgers, Yankees Locations: New York

An Alabama man was sentenced Tuesday to one year and nine months in prison for threatening a sheriff and a district attorney in Georgia over the jail mug shot of former President Donald Trump, prosecutors said. Hanson also threatened District Attorney Fani Willis, saying that if Trump was indicted, "anytime you’re alone, be looking over your shoulder." Hanson made the threats in two voicemails left for Labat and Willis on Aug. 6, 2023, before Trump was indicted or his mug shot was taken. A Fulton County grand jury indicted Trump and 18 other people last year on state charges related to efforts to overturn the 2020 presidential election results in Georgia, an election that Trump lost. Trump was indicted on Aug. 14, 2023, and 10 days later, he surrendered to the Fulton County Jail and his mug shot was released publicly.

Persons: Donald Trump, Arthur Ray Hanson II, Trump, ” Hanson, Fulton County Sheriff Pat Labat, Hanson, Fani Willis, Willis, ” Sean Burke, Prosecutors, Alejandro Mayorkas Organizations: Fulton County Sheriff, Attorney's, Labat, Jail, FBI, New, New Jersey Department of Homeland Security, U.S . Homeland Locations: Alabama, Georgia, Huntsville, voicemails, Fulton County, U.S, Atlanta, Fulton, Labat, New Jersey

☆ Starbucks CEO set to announce strategy to fix the coffee chain
▼ + stars: | 2024-10-30 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Starbucks' new CEO, Brian Niccol, is set to lay out plans to turn around the struggling coffee chain. "It is clear we need to fundamentally change our strategy to win back customers," he said Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStarbucks' new CEO, Brian Niccol, says he has a plan to turn around the struggling coffee chain — but investors will need to wait a little longer. "It is clear we need to fundamentally change our strategy to win back customers," Niccol said in a statement Wednesday.

Persons: Brian Niccol, —, Niccol Organizations: Starbucks, Service Locations: China

☆ China lost 36% of its billionaires to years of economic troubles and crackdowns
▼ + stars: | 2024-10-30 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +7 min

According to Hurun's 2024 rich list, China lost 432 billionaires since the high of 1,185 in 2021. Hurun, a private research group that has tracked Chinese billionaires since 1999, said the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753, a decline of 432, or 36% of the total. It comes as some of China's superrich choose to lie low or leave the country, finding covert ways to take their money with them. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher. AdvertisementThat led, among other things, to regulatory crackdowns on tech platform companies and campaigns against China's rich entrepreneurs.

Persons: —, crackdowns, China's superrich, Zhang Yiming, Bytedance, Yiming, Zhong Shanshan, Rupert Hoogewerf, Robin Zeng, Li, Kerry Brown, Xi, Jack Ma, Alibaba, Brown, Joel Gallo, China shouldn't, it's Organizations: Service, Reuters, King's College London, Ant Group, & Partners, Bloomberg, New York University Shanghai, Communist Locations: China, Taiwan, Greater China

☆ Chinese EV maker BYD’s revenue beats Tesla for first time
▼ + stars: | 2024-10-30 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Beijing (Reuters) — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, the company said in a stock exchange filing. For the first nine months, net profit was up 18.1% to 25.2 billion yuan. With third-quarter revenue up 24% on year to 201.1 billion yuan ($28.24 billion), BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. Tesla still beat BYD in terms of EV sales globally during July to September.

Persons: BYD, Tesla, Morgan Stanley Organizations: Reuters, Local, BYD Locations: Beijing, China

☆ China 'does not agree or accept' the EU's EV tariffs, says negotiations are still ongoing
▼ + stars: | 2024-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. China's commerce ministry said it "does not accept" tariffs imposed by the European Union on Chinese electric vehicles, after the bloc increased tariffs on Chinese EVs to as high as 45.3% on Wednesday. The commerce ministry said "China will continue to take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies." China's commerce ministry also highlighted the EU has indicated it will continue to negotiate with China, adding that both sides are conducting a new round of consultations. On Oct. 25, Reuters reported the two sides were looking at possible minimum price commitments from Chinese producers or investments in Europe as an alternative to tariffs.

Persons: Xpeng Organizations: European Union, SAIC Motor, EU, World Trade Organization, Reuters Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Europe

Define your real estate goalsWhat are you looking to gain from real estate investing, and what risks are you willing to take? REITs (real estate investment trusts)One of the best ways to start investing in real estate as a beginner is with a real estate investment trust (REIT). Real estate limited partnershipsA real estate limited partnership (RELP) provides investors with a diversified portfolio of real estate investment opportunities. Other notable real estate books worth checking out include:"The Warren Buffet Way" By Robert G. Hagstrom"The Real Estate Investor's Guide to Flipping Houses" By J. Scott"The Intelligent Investor" By Benjamin GrahamLocal real estate investment clubsConnecting with local real estate investment enthusiasts can be a great way to engage with the real estate community and expand your knowledge. FAQs about real estate investing for beginnersHow much money do I need to start investing in real estate?

Persons: Dana Bull, Chad Carson, CoachCarson.com, Equity REITs, Richard Ratner, Ratner, Bull, —, Brandon Turner, Insider's, Robert G, Scott, Benjamin Graham Organizations: Dana Bull Real Estate Consulting, Equity, Publicly, Bel Air Investment Advisors, Property, Resources, Beginners, Benjamin Graham Local Locations: Chevron, REITs

☆ How to charge your new electric car at home — and how much you might pay
▼ + stars: | 2024-10-30 | by ( Benjamin Zhang | Tim Levin | ) www.businessinsider.com time to read: +6 min

To get the most out of your electric car, you'll want to charge it at home, and likely overnight. This article is part of "Getting Ready for Electric," a series of guides and practical advice for buying your next EV. Going electric introduces a whole new element of car ownership: charging. "Home charging is what makes it easy and efficient to own an EV," Newman said. When it comes to choosing a charger, Sapp says it's a "safe bet" to go with a model recommended by your car's manufacturer.

Persons: —, Jenni Newman, Newman, Ken Sapp, Sapp, Cars.com, it's Organizations: Service, EV Locations: Qmerit

☆ Ether is set to gain ground on bitcoin with charts indicating 20% upside from here
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +3 min

With bitcoin approaching a major breakout attempt and new all-time highs, it continues to attract all of the attention and rightly so. While it may seem like ether has been out of favor for a considerable length of time, it's not anything different than we've seen before over the years. Overall, there have been five relative phases – with the other two being the times when ETH outperformed BTC. But we've seen it before. Every time is different, but we've now seen bitcoin and ETH leverage technical patterns for nearly a decade now.

Persons: we've, they've, Frank Cappelleri Organizations: ETH, BTC, CNBC, NBC UNIVERSAL Locations: ETH

Zhang Yiming has built a $49.3 billion fortune since cofounding ByteDance, the Chinese tech giant behind TikTok. He recently became the richest person in China. AdvertisementThe widespread popularity of TikTok has created not only a new generation of social media stars — it's also helped mint China's wealthiest person. Zhang is a highly private person and little is publicly known about his personal life. He has recently, however, been thrust back into the spotlight after being named on the list as the richest person in China.

Persons: Zhang Yiming, cofounding ByteDance, Zhang, —, TikTok, — it's Organizations: Service Locations: China

Learn moreThe World Series will officially extend past Game 4 and into Game 5, thanks to the New York Yankees' win against the Los Angeles Dodgers on Tuesday night. Keep reading to learn how to get World Series tickets for Game 5 at Yankee Stadium. Below, we've outlined everything you need to know about getting tickets to the World Series. How to buy World Series Game ticketsOriginal Game 5 tickets for the 2024 World Series were sold on Ticketmaster and have since sold out, with the exception of standing-room-only Pinstripe Pass tickets that go for $766. How much are World Series tickets?

Organizations: Business, New York Yankees, Los Angeles Dodgers, Yankee, Dodgers, Yankees, Dodger, Ticketmaster Locations: New York, Los Angeles

☆ Harris plays cleanup on Biden 'garbage' comment
▼ + stars: | 2024-10-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Vice President Kamala Harris on Wednesday distanced herself from President Joe Biden's controversial comment that appeared to label supporters of former President Donald Trump as "garbage." Harris also said that Biden had "clarified" the comment he made Tuesday. "Just the other day, a speaker at his rally called Puerto Rico a 'floating island of garbage,'" Biden said on the call. In this version, it seemed that Biden was saying the "garbage" was Hinchcliffe's demonization of Latinos, not Trump supporters. In 2020, Biden beat Trump in the state by fewer than 81,000 votes, a margin of less than 1.2%.

Persons: Kamala Harris, Joe Biden's, Donald Trump, Harris, Biden, Tony Hinchcliffe, It's, we've, Trump, Hillary Clinton Organizations: Democratic, Air Force, Joint Base Andrews, GOP, Puerto Ricans, Trump, White, Puerto Rico spewed, Puerto Rican, Biden Locations: Maryland, Raleigh , North Carolina, New York City, Puerto Rico, Puerto, Madison, Puerto Rico . Pennsylvania, Pennsylvania

☆ AMD CEO Lisa Su says GPU and CPU sales are nearly equal. Wall Street thinks that's not enough.
▼ + stars: | 2024-10-30 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

AMD's GPU sales are nearing CPU sales, driven by AI data center demand. AMD raised its 2024 GPU sales forecast to over $5 billion, up from $4.5 billion. AdvertisementWhat could also keep this dynamic from becoming permanent is the immaturity of the ecosystem around AMD GPUs. UBS analysts warned that 2025 may be yet another transition year in which AI data centers and GPU sales don't reach maturity — predicting higher GPU sales in 2026 than in 2025. The analysts expect $5 billion in GPU sales this year to reach around $8 billion next year.

Persons: —, Lisa Su, Su, Morgan Stanley Organizations: AMD, Service, Bank of America, Nvidia, UBS

☆ Snap surges 10% as it gets a major boost from AI and paid subscribers
▼ + stars: | 2024-10-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Snap's revenue growth was attributed to AI features and growth in Snapchat+ users. Spiegel said Snap has also introduced AI tools for creators, which it has been pushing to onboard onto the platform recently. However, Snap projected that the current quarter will only see the number of users grow by 8 million to 451 million. Related storiesPaid subscribers and AI are boosting SnapThe CEO also attributed the revenue growth to paid subscriptions. Snap's 443 million user base is small compared to Meta's 3.3 billion users, and TikTok's more than 1 billion users, both of which it directly competes with for ad revenue.

Persons: —, Evan Spiegel, Spiegel, James Heaney Organizations: Service, Google, Jefferies

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