Wednesday, December 29, 2021 13:48:19 UTC
Alibaba may sell its 30% share in social media ad provider Weibo to state-owned Shanghai Media. Alibaba down 1% in premarket trading, while Weibo was down 0.3%.
Alibaba's first public offering (IPO) on the New York Stock Exchange raised $25 billion on September 19, 2014, giving the business a market value of $231 billion and making it the largest IPO in global history at the time.(More)
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Sat, Dec 18, 21
China chaos has some of Wall St. 'all in'
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When daily active users at Snapchat's parent business rose somewhat more than expected, the stock of social media company Snap fell.
Shares of Snap (SNAP) fell 2.5% to $28.67 on the New York Stock Exchange. Snap's revenue for the third quarter came in at $1.06 billion, missing analysts' expectations of $1.07 billion on Thursday night. First quarter daily active users at Snap grew by 18 percent to 332 million. Analysts had predicted that 331 million people will be in attendance.(More)
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When daily active users at Snapchat's parent business rose somewhat more than expected, the stock of social media company Snap fell.
Shares of Snap (SNAP) fell 2.5% to $28.67 on the New York Stock Exchange. Snap's revenue for the third quarter came in at $1.06 billion, missing analysts' expectations of $1.07 billion on Thursday night. First quarter daily active users at Snap grew by 18 percent to 332 million. Analysts had predicted that 331 million people will be in attendance.
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