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.
Employees at Ben & Jerry's flagship store in Burlington, VT have filed for a union election.
Education technology company Chegg is releasing a learning tool that will be powered by the controversial OpenAI technology.
Homebuilder sentiment rose in April to its highest level since September, signaling optimism in the market for new homes.
Shares of Roblox tumbled after it provided a disappointing update for March metrics.
Apple officially launched its savings account through Goldman Sachs and users can set it up through their Wallet app.
Samsung is considering using Bing as the default search engine on its mobile devices, replacing Google, according to The New York Times.
Gov. Ron DeSantis and Florida lawmakers are ratcheting up pressure on Walt Disney World.
Jay Hatfield, chief investment officer for ICAP, joined Cheddar News to discuss how markets are reacting to labor market news and what the Federal Reserve will do next in terms of interest rates.
Ross Mayfield, the investment strategy analyst at Baird Ross, joined Cheddar News to discuss the choppy markets.
Kristin Cavallari, who first gained fame as a cast member of the MTV reality show Laguna Beach, is now the founder of a beauty company called Uncommon James. Cheddar News anchor Hena Doba took a walk with Cavallari to discuss her many business ventures.
