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.
Walgreens is no longer limiting the online sales of children's fever medicines after respiratory infections earlier send demand soaring.
Diageo agreed to buy Philippines-based Don Papa Rum for $473 million.
Netflix is rolling out a deeper lineup of new and returning titles of Korean content.
DoorDash and Starbucks expanded their partnership to allow consumers to order through its app.
European Commission President Ursula von der Leyen presented the outlines for her “Green Deal Industrial Plan” at the World Economic Forum at Davos.
Although Tesla may be offering discounts, GM President Mark Reuss said the company is holding firm on its EV pricing after announcing the 2024 Corvette E-Ray on Tuesday, the 70th anniversary of the first Corvette.
Microsoft said it's expanding access to OpenAI following reports of talks for a major investment by the tech giant in the startup parent company of ChatGPT.
Peloton named former Twitter executive Leslie Berland as its head of marketing.
Dan Geltrude, managing partner at Geltrude & Co., joined Cheddar News to explain how to get a jump on preparing your finances for extreme weather. "The single most important thing is to make sure you have the proper insurance coverage," he said.
Walt Disney Co. fought back and blasted investor Nelson Peltz's quest for a seat on Disney's board.
