Activist Investor Pushes Snap to Cut Costs and Boost Profits
Activist fund Irenic Capital wants Snap to spin off its smart glasses business, cut jobs, buy back shares, and use AI to improve ad revenue.
Activist fund Irenic Capital wants Snap to spin off its smart glasses business, cut jobs, buy back shares, and use AI to improve ad revenue.
Juries order Meta and Google to pay millions after finding them responsible for depression, addiction, and exploitation of young users. First major crack in Section 230 shield sparks appeals that could reshape internet law.
Mobile ad giant AppLovin is shifting gears to create a next-gen social network, using its strong ad tech to challenge Meta, TikTok, and others.
Snap's direct revenue (like Snapchat+ subscriptions) reaches $1 billion annualized run rate with over 25 million subscribers, showing strong growth beyond ads in a tough social media market.
Pinterest reports strong user growth but misses revenue forecasts, leading to a sharp stock drop.
Snap exceeded Q4 revenue expectations with $1.72B, driven by 28% advertiser growth and rising Snapchat+ subscriptions, though daily users fell 3M.