Bloomberg:
Snap, which just reported its slowest quarterly revenue growth ever, will close its San Francisco office, saying it “was lightly used” due to flexible work — Snap Inc., which is cutting costs and relying more on remote work, is closing its office in San Francisco …
Matt Day / Bloomberg:
Research: Amazon Air ran 194 daily cargo flights on average in September 2022, up from 164 in August 2021 and 187 in March 2022, the slowest growth since 2020 — Amazon.com Inc.’s cargo airline is growing at the slowest pace since the start of the pandemic, the latest sign that the e-commerce giant is adjusting to slackening demand.
Bloomberg:
Remote work and tech layoffs hollow out San Francisco, where only 43.1% of workers are back at offices, compared to LA’s 46.1%, NYC’s 47.6%, and Austin’s 62.7% — San Francisco’s Salesforce Tower opened almost five years ago as a monument to the region’s tech-driven economy …
Bloomberg:
Remote work and tech layoffs hollow out San Francisco, where only 43.1% of workers are back at offices, compared to LA’s 46.1%, NYC’s 47.6%, and Austin’s 62.7% — San Francisco’s Salesforce Tower opened almost five years ago as a monument to the region’s tech-driven economy …
TechCrunch:
A look at Snap’s decision to close Zenly, popular in Europe and Asia with a claimed ~35M MAUs earlier in 2022, to “focus on Snap Map”, which has 300M+ MAUs — Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday …
Lachlan Markay / Axios:
Snap’s ad archive shows some Democratic and progressive orgs were able to target ads using the data of a GOP data broker; Snap blames an internal mistake — A slip-up by social media giant Snap allowed leading Democratic campaigns and party committees to unwittingly tap into a vast repository …
Todd Spangler / Variety:
YouTube’s Q3 ad revenue dropped 1.9% YoY to $7.07B, below expectations of $7.42B and marking YouTube’s slowest ad growth in at least two years — Overall, Alphabet, Google’s parent company, also came in below analyst estimates. The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.
