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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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)
SNAP REVENUE UP, SHARES DOWN
N/A
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.
#snap #googl #fb #twtr #aapl #snapinc #snapchat #google #twiter #socialmedia #facebook #came