Cathie Wood's Ark Invest Continues To Shed Coinbase, Nvidia Shares
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Snapchat parent company sees shares surge as improved ad system pays off
Snap’s share surged 21% in after-hours trading as app’s users increased by 422 million, bringing in $1.2bn in revenueShares in the owner of Snapchat surged 21% during after-hours trading after the social media group beat Wall Street’s expectations for quarterly revenue and user growth.Improvements to Snap’s advertising system are delivering results faster than anticipated, the company said. Continue reading
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Tesla sees biggest revenue drop since 2012 but company shares still surge
Shares are up despite a revenue decline of 9% after company said it expects to release new vehicle models sooner than expected.
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Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue – News Bytes Bitcoin News
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]