Snap, the parent company of Snap Chat, reported its fourth quarter financial report this week revealing that sales had topped estimates and user growth had skyrocketed. Earnings exceeded expectations with $911.3 million in net revenue as opposed to the $856 million that was expected. So why did shares drop about 10%? The company missed on … Continue reading “Snap Reports Earnings that Blow Wall Street Away but Shares Still Fall”
Author: Sophia Vida
Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.
Apple is Nearing a Deal to Build an Electric Car with This Automaker
According to a CNBC report, tech giant Apple and Hyundai may be joining forces and…
February 6, 2021
Luxury
Athletic Retailer Nike Reveals First Sustainable Basketball Sneaker
Nike's first sustainable basketball sneaker has been revealed this week. Yahoo Finance's Reggie Wade joined…
February 6, 2021
This is Why Chipotle Raised its Prices During the Pandemic
When you think of restaurants raising their prices during a pandemic, you wonder why on…
February 6, 2021
Hot Stocks
Michael Kors Parent Capri Holdings Reports an Earnings Beat
Shares of Capri Holdings, the parent company of Michael Kors, Versace, and Jimmy Choo, had…
February 6, 2021
Featured
Amazon CEO Jeff Bezos is Stepping Down for This Reason
Jeff Bezos, one of the world's wealthiest men and the chief executive of e-commerce giant…
February 2, 2021
Uber to Buy Alcohol Delivery Service Drizly for $1+ Billion
Ride hailing giant Uber has announced this week that the company has agreed to purchase…
February 2, 2021
Life
Tesla’s Elon Musk Just Joined New Elite Social Media App Clubhouse
Can it be? A social media platform that the whole world isn't on yet? This…
February 2, 2021
Tesla is Recalling Over 130,000 Cars Over This
Electric vehicle maker Tesla is recalling more than 130,000 cars amid regulators' pressure. The company…
February 2, 2021
Company News
BMW to Start Using Aluminium Made with Solar Power
Luxury auto maker BMW announced that it has began to source and use aluminium that…
February 2, 2021
Biotech & Pharma
J&J COVID-19 Vaccine is This Effective in the United States Compared to Moderna and Pfizer
After a long year of coronavirus in 2020, at least 2021 has a light at…
February 2, 2021
Featured
Levis Tops Earnings and Sales Expectations Despite Sales Falling 12% in Q4
Levi Strauss & Co. reported their holiday quarter earnings that revealed sales falling 12%, despite…
January 28, 2021
Snap Shares Soar as Analyst Becomes ‘Most Bullish’ on the Company
Shares of Snap Inc. were soaring over 10% on Thursday after an analyst said that…
January 28, 2021
marijuana
Martha Stewart Has Launched a Line of Dog Cannabis Treats
As part of her partnership with Canadian-based Canopy Growth, Martha Stewart has launched a line…
January 28, 2021