Snap Inc (NYSE: SNAP) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The social media company reported fourth-quarter revenue of $911 million, up 62% year-over-year and above the Wall Street projection. Net income of $0.09 per share was also higher than what analysts had anticipated.
SNAP shares fell over 5% immediately following the announcement. The stock has tripled in the trailing 12 months.
The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news
The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business