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☆ Snap Reports 5% Revenue Increase, Reversing Declines in Growth
▼ + stars: | 2023-10-24 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: 1 min

Snap, the parent company of Snapchat, on Tuesday reported that its revenue rose 5 percent in the latest quarter after two straight quarters of declines, as the digital advertising market rebounded. But Snap cautioned that the ad market remains unpredictable and that it has “observed pauses in spending from a large number of primarily brand-oriented advertising campaigns immediately following the onset of the war in the Middle East.”Revenue for the third quarter was $1.19 billion, up from $1.13 billion a year ago and above Wall Street estimates of $1.11 billion. In the previous two quarters, Snap’s revenue had fallen between 4 percent and 7 percent. The company remained unprofitable, recording a net loss of $368 million for the third quarter, which was wider than a loss of $360 million a year ago.

Organizations: ” Revenue

☆ Snap revenue view above estimates on boost from new ad targeting tools; shares soar
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 24 (Reuters) - Snap (SNAP.N) forecast fourth-quarter revenue largely above estimates on Tuesday after posting better-than-expected revenue and user growth for the latest three months as efforts to revamp the ad targeting tools of its photo messaging app paid off. The Santa Monica, California-based company said it expected fourth-quarter revenue to be between $1.32 billion to $1.38 billion. Revenue for the third quarter ended September rose 5% to $1.19 billion, beating analysts' expectations of $1.11 billion, according to LSEG data. Daily active users on Snapchat were 406 million, beating Wall Street expectations of 405.7 million. Snap's net loss widened to $368 million in the third quarter from $360 million a year earlier.

Persons: Dado Ruvic, Khushi, Anil D'Silva Organizations: REUTERS, Facebook, Meta, Revenue, Thomson Locations: Santa Monica , California, Bengaluru

☆ Watch CNBC's full interview with Loop Capital's Rob Sanderson on the contrarian case for Snap
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Loop Capital's Rob Sanderson on the contrarian case for SnapRob Sanderson, managing director at Loop Capital Markets, joins 'Power Lunch' to discuss the decline of Snap's ad revenue, skepticism about how Snap will perform going forward, and expectations for earnings from internet advertisers.

Persons: Rob Sanderson Organizations: Loop

☆ Snap stock rises as sales grow 5% from last year
▼ + stars: | 2023-10-24 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Revenue : $1.19 billion vs. $1.11 billion expected, according to LSEG. : $1.19 billion vs. $1.11 billion expected, according to LSEG. Global Daily Active Users (DAUs) : 406 million vs. 405.7 million expected, according to StreetAccount. : 406 million vs. 405.7 million expected, according to StreetAccount. Average revenue per user: $2.93 vs. $2.74 expected, according to StreetAccount.

Persons: Evan Spiegel, Snap, Spiegel, Jerry Hunter Organizations: Inc, New Locations: , California, U.S

☆ Snap sees upbeat fourth quarter as new ad features start to pay off
▼ + stars: | 2023-10-24 | by ( Khushi Mandowara | ) www.reuters.com time to read: +2 min

Revenue for the third quarter ended September rose 5% to $1.19 billion, beating analysts' expectations of $1.11 billion, according to LSEG data. For the fourth quarter, the Santa Monica, California-based company expects revenue to be between $1.32 billion and $1.38 billion. Snap, however, said it saw a risk to its sales in the fourth quarter as a war in the Middle East could tamp down spending from a large number of brand-oriented advertising campaigns. Daily active users on Snapchat were 406 million, beating Wall Street expectations of 405.7 million. Snap's net loss widened to $368 million in the quarter from $360 million a year earlier.

Persons: Dado Ruvic, Scott Kesler, Evan Spiegel, Thomas Monteiro, Khushi, Anil D'Silva Organizations: REUTERS, Revenue, Meta, Investing.com, Thomson Locations: Santa Monica , California, Bengaluru

☆ Stocks making the biggest moves midday: Spotify, Coca-Cola, DraftKings, 3M and more
▼ + stars: | 2023-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

3M — The conglomerate jumped 5.8% after beating analyst expectations in the quarter and raising its earnings outlook. The company missed consensus estimates from analysts polled by FactSet on both lines in the quarter, while fourth-quarter revenue guidance was also lower than expected. It also raised its full year revenue guidance to $235 million to $238 million, greater than prior guidance of $230 million to $235 million. The Trade Desk — Shares advanced 3.2% after Loop Capital initiated coverage of the advertising technology stock with a buy rating. Criteo — The advertising technology stock traded 4.1% higher after KeyBanc initiated coverage with a buy rating.

Persons: DraftKings, Coinbase, bitcoin, Microstrategy, TrueBlue, FactSet, Hexcel, DA Davidson, Baird, Criteo, KeyBanc, Morgan Stanley, Calvin Klein, Tommy Hilfiger, —, Sarah Min, Samantha Subin, Hakyung Kim, Tanaya Macheel Organizations: Spotify —, LSEG, General, General Electric, 3M, Barclays — U.S, Microsoft, Google, Marathon, Apollo Capital, U.S . Securities, Exchange Commission, Monday, Loop, Rio Tinto, Barclays, FMC, JPMorgan Locations: Rio

Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela January 28, 2019. U.S. sanctions that were in place on Venezuela since 2019 largely blocked state-run oil company PDVSA from exporting to its chosen markets. That changed last week, but Washington's six-month relaxation of the measures is too limited to spur new crude production. PDVSA also is in talks with Mercuria Energy and Sahara Energy on spot sales, the sources said. The Italian company and Spain's Repsol (REP.MC) have been in negotiations with PDVSA for months to expand gas output in Venezuela.

Persons: Carlos Garcia Rawlins, Trafigura, PDVSA, Pedro Tellechea, Tipco, Spain's, Eni, Maurel, prepay, Marianna Parraga, Laura Sanicola Organizations: REUTERS, Rights, Global, PDVSA, Bermuda, Mercuria Energy, Sahara Energy, U.S ., Reliance Industries, Valero Energy, PBF Energy, Eni, Valero, Reliance, U.S . Treasury Department, Traders, Thomson Locations: Caracas, Venezuela, U.S, Venezuela's, Sahara, PDVSA's, Houston, Washington

☆ Spain's Socialists, hard-left Sumar strike government coalition deal
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

The agreement came after acting Prime Minister Pedro Sanchez met with Sumar leader and acting Labour Minister Yolanda Diaz on Monday. Sanchez requires the support from Sumar's 33 lower-house lawmakers - as well as from other parties, including some advocating for Catalan and Basque independence - in his bid to renew his term as premier. While Sumar's support is crucial, it is not enough to secure Sanchez's investiture in the lower house. He still needs the backing of Catalan separatists, who are demanding an amnesty law to mass pardon people involved in the region's failed independence bid of 2017. Reporting by David Latona; Editing by Ed Osmond and Aislinn LaingOur Standards: The Thomson Reuters Trust Principles.

Persons: Spain's, Yolanda Diaz, Pedro Sanchez, Sanchez, David Latona, Ed Osmond, Aislinn Laing Organizations: Socialist Party, PSOE, Spain's Socialist Party, Labour, Catalan, Socialists, Thomson Locations: MADRID, Basque, Catalan

☆ Stocks making the biggest moves after hours: Microsoft, Alphabet, Snap and more
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Microsoft — Shares jumped more than 3% after the maker of Windows software and Xbox video games reported fiscal first-quarter results that topped analysts' estimates. Meanwhile, analysts had forecast EPS of $2.65 on $54.50 billion in revenue, according to LSEG, formerly known as Refinitiv. Alphabet — The Google and YouTube parent fell 5% despite beating analysts' estimates on both top and bottom lines in the third quarter. Stride reported 11 cents in earnings per share, while analysts had estimated a loss of 37 cents per share, according to FactSet. Revenue also topped estimates, coming in at $480.2 million, compared to analysts' estimates of $425.2 million.

Persons: LSEG, Evan Spiegel, Stride Organizations: Microsoft —, Microsoft, Google, YouTube, StreetAccount, Visa, Texas, Revenue, Education Locations: Israel, FactSet

☆ Snap-On CEO Nick Pinchuk says the business has never been more profitable
▼ + stars: | 2023-10-23 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Snap-On CEO Nick Pinchuk says the business has never been more profitableSnap-On Chairman and CEO Nick Pinchuk joins 'Mad Money' host Jim Cramer to talk lack of recession signs, the core business and quarterly earnings.

Persons: Nick Pinchuk, Jim Cramer

☆ A McDonald's exec explains how she broke through the 'bamboo ceiling' of corporate America by learning how to speak up
▼ + stars: | 2023-10-23 | by ( Josée Rose | ) www.businessinsider.com time to read: +11 min

Today, she has 300 pairs and "I tell my story about shoes because shoes keep me grounded," she told Insider. AdvertisementAdvertisementDoria told me, "this was a proud moment for me because I broke the bamboo ceiling. I call it the bamboo ceiling because the glass ceiling is easier to break," she said. The bamboo ceiling, you throw a stone it's gonna go back to you because the pliability of that how it's made up." But in the McDonald's culture, they told me that I didn't speak up enough in meetings, I didn't challenge others.

Persons: Myra Doria, Doria, —, it's, I've, McDonald's, We've, They've, we've, people's Organizations: USA, Service, Field Locations: Philippines, McDonald's, San Antonio, Texas

TOKYO (AP) — Japan's Prime Minister Fumio Kishida said Monday he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment, in what's seen as a move to lift his dwindling public support. “I'm determined to take unprecedentedly bold measures,” Kishida said, pledging an intensive effort to achieve stronger supply capability in about three years. “The results clearly show that many voters are dissatisfied by the government's delayed economic measures to tackle rising prices," said Jun Azumi, a senior CDPJ lawmaker. “Now is the time for me to focus on that, and I'm not thinking about anything else,” Kishida said, denying that his tax cut proposal was related to elections. The tax cuts would be part of a new economic stimulus package he plans to announce by the end of the month.

Persons: —, Fumio Kishida, Kishida, “ I'm, ” Kishida, “, ”, Azumi Organizations: TOKYO, Liberal Democratic Party, Constitutional Democratic Party of Japan Locations: what's, Nagasaki, Sunday's, Kochi, Tokushima, Ukraine, Israel, China

☆ Chevron agrees to buy Hess for $53 billion
▼ + stars: | 2023-10-23 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Chevron announced Monday that it has agreed to buy rival Hess in yet another oil industry consolidation deal. Hess (HES) also has large oil assets in Guyana, which Chevron said would help grow its production over the next decade. Chevron said that it would increase buybacks of its stock by $2.5 billion to $20 billion a year. Shares of Chevron slipped 3% in premarket trading following the deal announcement, while Hess’ shares were slightly higher. Since the start of 2022, just ahead of the big run-up in oil prices following Russia’s full-scale invasion of Ukraine, Hess shares are up 120%, while Chevron shares are up 42%.

Persons: Hess, Chevron, ”, Mike Wirth, Wirth, Critics, It’s, Biden, John Hess, — Chris Isidore Organizations: New, New York CNN, Chevron, ExxonMobil, Exxon, Anadarko Petroleum Locations: New York, Texas, Guyana, Ukraine, Marathon

☆ Joe Pavelski scores overtime winner as Stars top Flyers
▼ + stars: | 2023-10-22 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

October 22 - Stars captain Joe Pavelski scored 2:13 into overtime as host Dallas beat the Philadelphia Flyers 5-4 on Saturday night. Dallas took an early 2-0 lead, only for Philadelphia to erase it by the end of the first period. Though the Stars restored their two-goal lead at 4-2, Travis Konecny and Scott Walker each scored to tie the score late in the final frame. Travis Konecny tied the score at 2-2 with a short-handed breakaway goal, his team-leading fourth of the season. The Stars restored their lead after Hintz scored off Jason Robertson's drop pass, but the Flyers never looked out of the game.

Persons: Joe Pavelski, Travis Konecny, Scott Walker, John Tortorella, Carter Hart, Samuel Ersson, Felix Sandstrom, Wyatt Johnston, Johnston, Tyler Seguin, Travis Sanheim, Seguin, Joel Farabee, Hintz, Jason Robertson's, Jamie Benn, Walker, Pavelski Organizations: Dallas, Philadelphia Flyers, Flyers, Thomson Locations: Philadelphia

LAHAINA, Hawaii (AP) — Fans decked in red streamed into the Lahainaluna High School football stadium, snacking on nachos and venison chili, bopping to the high school band’s rendition of “Sweet Caroline,” and exchanging long hugs with neighbors and classmates. Tevainui Loft, a 17-year-old tight end and linebacker, grew up watching Lahainaluna football in the stands overlooking his hometown. After the fire, “football was the furthest thing from my mind,” said Garret Tihada, one of the coaches, a 1987 Lahainaluna graduate. Tihada started to talking to players, fellow coaches and community members: “They were saying, ‘We need football back. But knowing that most of his teammates face similar circumstances has helped: “It doesn’t feel like I’m alone in this.”Bula is unsure of his plans after high school.

Persons: “, Caroline, ”, Morgan “ Bula ” Montgomery, Richard Carosso, Luna, Mary, Ann Kobatake, James Lukela, Heather Filikitonga, It’s, “ Young, Keith Amemiya, I’ve, Amemiya, Garret Tihada, Tihada, ’ ”, Bula Montgomery, it's, Tamara Montgomery, Bula, Ai Hironaka, Precious Pante, Dean Rickard, ” ___, Mengshin Lin Organizations: Lahainaluna High School, Lahainaluna, JV, University of Hawaii’s, Baldwin High Locations: LAHAINA, Hawaii, “, Lahaina, Lahainaluna, Honolulu, Amemiya, Kahului, Kihei

AdvertisementAdvertisementFor Love & Money is a biweekly column from Insider answering your relationship and money questions. Write to For Love & Money using this Google form. You think your boyfriend's parents should have saved enough for retirement, but maybe they did and lost most of it on a bad investment. AdvertisementAdvertisementYou said your boyfriend's parents were so embarrassed to ask their son for money that they cried. Write to For Love & Money using this Google form .

Persons: —, he's, They've, haven't, we've, we're, it's, you've Organizations: Service

☆ After a robust third quarter, US economic growth will likely slow. That's good for the prospect of rate cuts next year.
▼ + stars: | 2023-10-22 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The central bank also doesn’t have any incentive to restrict the economy through elevated interest rates if inflation is already under control. The US central bank has raised interest rates 11 times since March 2022 to their highest level in 22 years. The US Commerce Department reports new home sales in September. The US Commerce Department reports third-quarter gross domestic product along with September figures on new durable-goods orders. The US Labor Department reports the number of new applications for jobless benefits in the week ended October 21.

Persons: Jerome Powell, ” Gregory Daco, ” Diane Swonk, Donald Trump, Colin Kaepernick’s, Bud Light’s, Elliott Gotkine, ”, Jeffrey Sonnenfeld, “, Satya Nadella, ” Sundar Pichai, , Sherwin, Williams, Clark, General, Hess, Rowe Price Organizations: CNN Business, Bell, DC CNN, The Commerce Department, Federal Reserve, Treasury, KPMG, BlackRock, America, Nike, Yale School of Management, Microsoft, ” Disney, Sonnenfeld, Tottenham Hotspur, Whirlpool, Verizon, General Electric, Barclays, 3M, General Motors, Spotify, Quest Diagnostics, Mobile, Boeing, General Dynamics, Old Dominion, Hilton, Meta, IBM, US Commerce Department, Mastercard, Merck, Comcast, UPS, Myers Squibb, Northrop Grumman, Valero, The Hershey Company, Amazon, Intel, European Central Bank, US Labor Department, National Association of Realtors, Exxon Mobil, Chevron, Colgate, Palmolive, Phillips, University of Michigan Locations: Washington, EY, Israel, United States, United Kingdom, London, Gaza, Kimberly, Haliburton, Old, Bristol, AbbVie

IOWA CITY, Iowa (AP) — Dragan Kesich made four field goals and Minnesota won at Iowa for the first time since 1999 to snap an eight-game losing streak in the series, holding the No. 24 Hawkeyes to 12 yards in the second half in a 12-10 victory Saturday. Down 10-3 at the half, the Gophers (4-3, 2-2 Big Ten) held Iowa (6-2, 3-2) to minus-2 yards in the third quarter. BIG PICTUREMinnesota: The Gophers, coming off an week, found enough points against the Hawkeyes, wearing them down in the second half while taking advantage of Iowa’s offensive ineptitude. Iowa: The Hawkeyes’ offensive problems haven’t shown signs of improving, and a defense that was wearing down in the second half couldn’t find a way to stop the Gophers.

Persons: — Dragan Kesich, Floyd, Cooper DeJean, DeJean, Justin Walley, Deacon Hill's, Kesich, Athan Kaliakmanis Organizations: IOWA CITY, Minnesota, Iowa, Hawkeyes, Gophers, Michigan State, Purdue, Gophers . Iowa, Big, Northwestern, AP Locations: IOWA CITY , Iowa, Rosedale, Iowa, Minnesota, Wisconsin, Gophers ., . Iowa

☆ 3 things to watch in the stock market next week as bond yields hover at 2007 highs
▼ + stars: | 2023-10-21 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

The usual suspects were to blame — rising bond yields, geopolitical tensions, and oil prices — and will hold the keys to the market this coming week. Earnings are one of the three major themes on the marquee next week, with 10 Club companies reporting. Here are the companies: Danaher (DHR), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Veralto (VLTO), Honeywell (HON), Linde (LIN), Amazon (AMZN), Ford (F) and Stanley Black & Decker (SWK). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Jerome Powell, Jim Cramer, Jim, Morgan Stanley, Stanley Black, Decker, Danaher, Veralto, it's, Mark Zuckerberg, We're, Vimal Kapur, Linde, Jim Farley, Ford, FactSet, Powell, WTI, Baker Hughes, Edwards Lifesciences, Northrop, CARR, Davidson, Dr Pepper, Phillips, Jim Cramer's, Michael M Organizations: Dow Jones, Nasdaq, Economic, of New, Treasury, West Texas, Procter, Gamble, 10, Microsoft, Honeywell, Linde, LIN, Health Care, Technology, Communications Services, Google, Meta, Ford, Amazon, United Auto Workers, Atlanta, Wall Street, Hamas, Brent, Strategic Petroleum Reserve, Logitech, Verizon, General Electric, GE, RTX Corporation, Halliburton, HAL, General Motors, Dow Chemical, DOW, Xerox, Texas Instruments, F5 Networks, WM, Boeing, Fisher, Mobile, Hilton, General Dynamics, Norfolk Southern, Otis Worldwide, IBM, KLA, O'Reilly Automotive, Mattel, Whirlpool, Gross, Royal Caribbean Cruises, Hershey Company, United Parcel Service, Southwest Airlines, Altria, Northrop Grumman, Valero Energy Corp, Mastercard, Merck, Co, Myers Squibb, Newmont, Tractor Supply Company, Comcast, Seagate Technology, Boston, Hertz, Carrier, Hasbro, Harley, Intel, Grill, United States Steel, Boston Beer Company, Texas, University of Michigan, Exxon Mobil, Chevron, Charter Communications, Colgate, Palmolive, Newell Brands, Sanofi, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: of New York, U.S, Industrials, OpenAI, America, Venezuela, Cleveland, Norfolk, ORLY, Bristol, Brunswick, Oshkosh, New York City

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. The benchmark JGB yield climbed to 0.845% right at the start of the trading day, its highest since July 2013, after revisiting peaks the previous day as well. But it eased immediately after the BOJ announcement, and was last 1.0 basis point (bp) lower than Thursday's closing level at 0.83%. The BOJ caps the 10-year yield at 1% under its yield curve control (YCC) policy, after doubling it in a surprise move at the end of July. "If the yen crosses 150, it would of course be more difficult for the BOJ to intervene in the JGB market.

Persons: Issei Kato, Masayuki Kichikawa, YCC, Fumio Kishida, Brigid Riley, Kevin Buckland, Shri Navaratnam Organizations: Bank of Japan, REUTERS, Rights, Sumitomo Mitsui DS Asset Management, Treasury, Thomson Locations: Tokyo, Japan, U.S

THOUSAND OAKS, Calif. (AP) — Los Angeles Rams cornerback Derion Kendrick could play on Sunday, less than a week after he was arrested and charged with two gun offenses. Kendrick returned to practice Friday, and coach Sean McVay described the second-year pro as “remorseful and regretful” for the disturbance he caused to the Rams (3-3). McVay said he hasn't decided whether Kendrick, who has started every game this season, will suit up when Los Angeles hosts Pittsburgh (3-2) on Sunday. Kendrick was away from the Rams’ training complex until Thursday, when he returned and spoke at length to McVay. The coach said he emerged from the conversation believing Kendrick can use his latest arrest "as a learning opportunity.”“I trust this kid’s heart,” McVay added.

Persons: Derion Kendrick, Kendrick, Sean McVay, “, ”, McVay, hasn't, it’s, ” McVay, Shaun Jolly, Duke Shelley, Kendrick doesn't, ___ Organizations: Los Angeles Rams, Rams, Los Angeles, Arizona, TMZ, Los Angeles City Attorney’s Office, Clemson football, Football Locations: Calif, Pittsburgh, Hollywood, Rock Hill , South Carolina, Georgia

Investors were handed an income opportunity they haven't seen in more than a decade when the 10-year Treasury yield climbed near 5% on Thursday. US10Y 5Y mountain 10-year Treasury A 5% yield on the 10-year is a good value, said Kathy Jones, Charles Schwab's chief fixed income strategist. A real yield is a bond's nominal yield minus inflation. "With the 10-year yield nearing 5%, it could be your sign to pick them up." There is also the Vanguard High Dividend Yield ETF (VYM) , which has lost 2.59% and charges 0.06% in fees.

Persons: Barry Glassman, Kathy Jones, Charles Schwab's, Callie Cox, Schwab's Jones, Amy Arnott, Morningstar, Arnott, Cox, John Croke ,, Jones, Morningstar's Arnott Organizations: Treasury, Wealth Services, LendingClub, Vanguard Locations: eToro

☆ Discord expands online marketplace as it tries to justify $15 billion valuation
▼ + stars: | 2023-10-19 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland on April 3, 2021. Two years ago, during the height of tech market froth, Discord was valued at $15 billion, more than doubling in a matter of months. But Discord has stood pat, avoiding a return to the capital markets, even as public funds have reduced the value of their shares. Discord, which ranked 18th on this year's CNBC's Disruptor 50 list, is now pushing into a new business as it seeks to justify that lofty valuation. Within the new marketplace, Halloween-themed avatar decorations, including a black cat resting on a gravestone, will be available to users for $8, Sellis said.

Persons: Peter Sellis, it's, Sellis Organizations: CNBC Locations: Warsaw, Poland

☆ Watch Mark Zuckerberg use AI Ray-Bans to guide him through how to braid his daughter's hair
▼ + stars: | 2023-10-19 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

In an Instagram video, he used the glasses' AI to guide him through braiding his daughter's hair. In an Instagram video, Zuckerberg can be seen asking the Ray-Bans, "Hey Meta, how can I make a braid?" Meta's AI then guides him through the steps as he braids his daughter's hair. AdvertisementAdvertisementMeta's latest line-up of its Ray-Bans smart glasses was first announced in late September at the 2023 Meta Connect. Snapchat also came out with its take on smart glasses in 2016, and continues to come out with updated versions.

Persons: Mark Zuckerberg, Ray, Instagram Ray, —, Zuckerberg, Priscilla, Meta Wayfair, Meta, Buzzfeed, they're, Snapchat Organizations: Ban, Meta, Service, Facebook, Amazon

☆ Snapchat isn’t just for teens anymore. Now it needs to make some real money
▼ + stars: | 2023-10-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

New York CNN —When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. At 5 million subscribers paying $3.99 per month, Snapchat+ is set to earn around $239 million in annual revenue. That subscriber number is just a fraction of its overall user base of Snapchat, which has quietly become one of the world’s fastest-growing social platforms. The sales declines come as Snapchat, like other platforms, works to update its advertising business to cope with changes to Apple’s app tracking policies. Snapchat has grown its user base by more than 10% year-over-year for the past 16 consecutive quarters.

Persons: Snapchat, Evan Spiegel, it’s, ” Jack Brody, ”, Angelo Zino, Jess Maddox, TikTok Snapchat, ” Brody, you’ve, TikTok, CFRA’s Zino, Scott Kessler, ” Snapchat, Kessler, Brody, Spiegel, “ It’s Organizations: New, New York CNN, Twitter, Facebook, CNN, “, CFRA Research, University of Alabama, YouTube, Intelligence, Meta, Apple Locations: New York, North America, United States, India, Europe, TikTok, Instagram

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