Kerry Flynn, business reporter at Mashable, discusses Snap's first year as a public company. The company's IPO debuted on the New York Stock Exchange on March 2nd, 2017.
Flynn weighs in on the volatility of Snap shares since going public. The social media company has struggled with everything from disappointing earnings, to slow user growth, to competition from Instagram. At the end of February, celebrity influencer Kylie Jenner announced that she was using the platform less and less, which caused the stock to spiral downward after weeks of trading higher.
Flynn also shares her thoughts on Cheddar's report that Snap will be releasing a second version of its Spectacles. The first version of the product did not do well with consumers, and Flynn is skeptical that the Spectacles will do any better this time around.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
Spotify beat fourth quarter earnings expectations, and also reported a jump in monthly active users and in paid subscribers. The report comes as the company grapples with a new question: is it simply a streaming platform, or is it a media company responsible for the content it posts, like Joe Rogan's controversial podcast? Greg Martin, Co-Founder of Rainmaker Securities, joins Closing Bell to discuss why the stock took a hit even though earnings results were positive, how the company can move forward through the Rogan controversy, and more.
Chen Arad, Chief Operating Officer for Solidus Labs, joins Cheddar News' Closing Bell, where he explains why Wormhole was particularly vulnerable to a $320+ million crypto hack and discusses what new investors need to do in order to protect their assets.
