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.
DoorDash on Wednesday introduced a new service, called Package Pickup, that allows customers to request a Dasher who will pick up and deliver their prepaid returns to local carriers
Andrew Challenger, senior vice president at executive outplacement service Challenger, Gray & Christmas, Inc., joined Cheddar News to discuss the potential changes to work culture in 2023.
Stocks ended higher on Wall Street as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation.
