Snap keeps its data very close to its vest according to a report in The Daily Beast. The publication's tech reporter Taylor Lorenz who broke this story explains data she uncovered that suggests Snapchat is much more of a chat app than previously perceived.
"I got a hold of 5 months of daily active user information for nearly every feature of the app," said Lorenz. "Only about 20 percent of the app's users use Snapchat Discover." Lorenz said this could be disappointing to Snap investors.
"Internally the consensus is if the stock drops below $10 a share for a significant period of time I think they would walk," said Lorenz who interviewed several former and current employees for this story. Snap is currently rolling out a redesign of the app. Lorenz says this could be a "make or break" moment for the platform.
Barbie kept the top spot with $93 million in ticket sales and Oppenheimer retained second place with $46.2 million.
For all the differences on the surface of their jobs, Hollywood writers and UPS drivers are pushing back against the same trend.
The boom in new apartments is concentrated: in relatively few cities and in luxury units.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week: Tupperware, Microsoft, Meta, Alphabet, Royal Caribbean, Alaska Air, Southwest and Ford.
Meta will add new retention 'hooks' to its Threads app.
Biotech firm Biogen agreed to acquire Reata Pharmaceuticals for $6.5 billion.
Gas prices have hit an eight-month high, according to AAA.
A key measure of inflation that the Fed watches closely reached its lowest level in almost two years.
Starbucks' fall menu has reportedly been leaked online.
One of Apple's earliest and rarest products, a pair of sneakers with the early logo, is being auctioned off.
