Social Media news

Snap Inc. (NYSE: SNAP) reported its financial results for the fiscal fourth quarter on Thursday that topped analysts’ estimates for profit and revenue. The company, however, warned that advertising could take a hit in upcoming months as Apple Inc. launches its new operating system. Snap shares, that you…

Facebook Inc. (NASDAQ: FB) said on Wednesday that its financial performance in the fiscal fourth quarter was better than expected. The company, however, warned of several cross-currents, including the COVID-19 related uncertainty, that might keep it under pressure in 2021.   Facebook shares were reported more than 1.5%…

Weibo Corporation (NASDAQ: WB) published its financial results for the fiscal third quarter on Monday that came in better than what analysts had anticipated. The company attributed its hawkish performance to the ongoing Coronavirus pandemic that restricted people to their homes resulting in more users turning to social networks this…

Social media behemoth Facebook, Inc. (NASDAQ: FB) is adding yet another company to its business as it agreed to buy the startup Kustomer for a little more than $1 billion. Who is Kustomer? Kustomer is an omnichannel client relationship management (CRM) platform that helps businesses automate repetitive tasks, Facebook…

2020 has been a year that the investment community won’t forget in a hurry. The coronavirus pandemic led to the beginning of the 2020 stock market crash (or ‘Coronavirus Crash’) on February 20th, 2020, where the world witnessed the fastest fall in global stock markets in financial history. During this…

Facebook Inc. (NASDAQ: FB) published a better than expected earnings report for the fiscal third quarter on Thursday. The company, however, said that the number of its users in Canada and the United States decreased in the recent quarter.   Facebooked initially tanked 2.5% in extended trading on Thursday…

Twitter Inc. (NYSE: TWTR) said on Thursday that its earnings and revenue in the fiscal third quarter came in better than expected. User growth, however, was weaker than analysts’ expectations for Q3. Twitter’s financial results come only a day after its Chief Executive Jack Dorsey testified in front…