DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Derek Andersen - 2 Evan Spiegel - 1 Kali Hays - 1
Top related locs:
Santa Monica , California what's
Top related orgs:
Barker - 1 Revenue - 1 Snapchat - 1 Meta - 1 Apple's - 1

Search resuls for: "Derek Andersen"


4 mentions found


☆ Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
  + stars: | 2024-04-26 | by ( Ashley Capoot Ari Levy | Ashley Capoot | In | ) www.cnbc.com   time to read: +3 min
Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts' estimates. The company reported adjusted earnings per share of 3 cents, while analysts were expecting a 5-cent loss. Snap said adjusted EBITDA "exceeded our expectations" and was primarily driven by operating expense discipline, as well as accelerating revenue growth. Snap reported more than 9 million Snapchat+ subscribers for the period. For the second quarter, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts, according to StreetAccount.
Persons: Derek Andersen, Evan Spiegel Organizations: Barker, Revenue, Snapchat, Meta Locations: Santa Monica , California
☆ Snap slashes 10% of its workforce
  + stars: | 2024-02-05 | by ( Paul Squire | Camilo Fonseca | ) www.businessinsider.com   time to read: +1 min
Snap announced another round of layoffs on Monday, the latest for Snapchat's parent company. The company said in a regulatory filing that it would cut 10% of its workforce. Two workers at the social media company previously told Business Insider's Kali Hays that several dozen Snap staffers were let go on Friday and more cuts were expected. Meanwhile, BI previously reported the company has struggled to deal with shifts in the digital ad market and fierce competition from TikTok and Meta. It's the latest company to make cuts in what's been a brutal start to 2024 for tech workers.
Persons: Derek Andersen, Kali Hays Organizations: Apple's Locations: what's
☆ Snap is cutting back spending on Google and Amazon for cloud services, a huge expense for tech companies
  + stars: | 2023-02-17 | by ( Kali Hays | ) www.businessinsider.com   time to read: +3 min
Other companies like Twitter are also moving to cut back on cloud costs. The Snapchat owner uses both Google Cloud and Amazon Web Services to operate. When Snap went public in 2017, it disclosed Google Cloud and Amazon Web Services as cloud providers. It said it had agreed to pay Google $2 billion for cloud services over the next five years, purchasing at least $400 million per year in services. Cloud services have for the last several years become a major source of revenue for companies like Google, Amazon, and Microsoft.
☆ Beware of fad stocks. Truly owner, Snap & Zoom have plunged
  + stars: | 2022-10-20 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +4 min
The Sam Adams brewer, which also owns the hard seltzer brand Truly, is struggling as the popularity of alcoholic seltzer appears to be fading fast. “The continuing decline of the hard seltzer segment … is deeper than previously expected,” said Boston Beer founder and chairman Jim Koch on the company’s earnings call in July. Sam Adams owner Boston Beer made a big bet on Truly Hard Seltzer. Sales have slowed, the company is still losing money, its founders have left, and the stock has plunged nearly 80% this year. E-signature software company DocuSign (DOCU) and virtual health company Teladoc (TDOC) have also plunged this year after getting huge boosts from Covid in 2020.
0 next >>
Total: 4