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[ad_1] It’s time to move to the sidelines on Snap following a second-quarter miss , according to Citizens. Citizens analyst Andrew Boone downgraded the social media stock to market perform from market outperform. The analyst also removed his prior price target of $12 per share. The stock plunged 18% in Wednesday’s premarket after its second-quarter revenue missed expectations. The company’s top line came in at $1.34 billion, while analysts polled by LSEG expected sales of $1.35 billion. The company’s global average revenue per user came out to $2.87, missing expectations of $2.90. SNAP YTD mountain SNAP YTD chart One headwind…
[ad_1] 2025-08-06T10:47:01Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. In some cities, you don’t have to sacrifice on space for affordable rent. RentCafe analyzed the price per square footage in major cities on a $1,500 monthly budget. Rising costs in the South are narrowing the affordability gap for renters. The decision whether to rent or buy is…
[ad_1] Advanced Micro Devices failed to clear the earnings bar analysts had set for the second quarter. Shares of AMD shed 6% in Wednesday’s premarket trading hours after the chipmaker reported adjusted earnings of 48 cents per share, missing the 49 cents per share analysts polled by LSEG had forecast. “AI business revenue declined year over year as U.S. export restrictions effectively eliminated MI308 sales to China, and we began transitioning to our next generation,” CEO Lisa Su said during a call with analysts. But while the company’s earnings missed the mark, AMD’s $7.69 billion in overall revenue exceeded the…
[ad_1] This is an as-told-to essay based on a conversation with Ritvika Nagula, a senior software engineer at Microsoft Azure. She’s worked at the company since 2019. Her employment and job offers were confirmed by Business Insider. This story has been edited for length and clarity.I graduated around December 2018 and shortly after landed four job offers, including from Microsoft, Amazon, eBay, and a startup. I chose Microsoft and joined in April 2019.I was not just cold-applying, I was applying everywhere: on LinkedIn, on Indeed, I was going to direct company portals to apply from there. I was reaching out to people…
[ad_1] Samsung has joined the growing list of companies requiring full-time in-office attendance with a new five-day policy for some of its US-based employees.The company implemented the full five-day RTO policy in early July for a group within its semiconductor business and is rolling out a tool internally to track employees’ compliance, Business Insider has learned.In an August internal email sent by Samsung’s HR team, which was seen by Business Insider, the company said the first few weeks of full implementation had led to “more smiling faces in the hallways.”It added that Samsung now expects a “greater presence” on-site and…
[ad_1] A few years ago, Brian Boero and his wife decided to buy a vacation home in Tuscany. They envisioned owning an apartment in a medieval Italian city, the ideal splurge for a couple of empty nesters after the height of the pandemic. It was also “kind of a ‘YOLO’ thing,” says Boero, the CEO of 1000Watt, a real estate consulting firm. Once he started hunting for a place, though, his European dream turned into a total nightmare.It didn’t take long for Boero to realize he’d been spoiled by the American market. That may sound strange given the country’s housing…
[ad_1] It’s harder to be a man in finance lately, let alone a tech bro.Zoomers have had a rocky debut on the job market. Traditional paths to success in fields like tech, law, and government are disappearing, and AI is disrupting the entry-level rung of the career ladder. Zoomers are questioning the ROI of a college education and increasingly pivoting toward blue-collar work. The overall labor market also took a dive in July, indicating that companies have less demand for workers and fewer Americans are participating in the labor market.But not all 20-something job seekers are struggling at the same…
[ad_1] That talk you had with an AI about your breakup? Or the chatbot therapy session you didn’t tell anyone else about? A human may have read it — and in some cases, they can see your personal information.Meta, like many tech giants, uses contract workers to improve its AI by reading real conversations between users and its chatbots. While rating and reviewing the AI’s responses, a common industry training technique, some contractors see personal information that would allow them to identify individual users, Business Insider has learned.Four contract workers hired through training platforms Outlier (which is owned by Scale…
[ad_1] Russia’s revenue from oil and gas has plunged recently, putting further pressure on Moscow to end its war in Ukraine.In July, Russian President Vladimir Putin’s administration collected 787.3 billion rubles, or $9.8 billion, from oil and gas revenue — 27% lower than a year ago, according to the country’s finance ministry on Tuesday.The decline in energy tax revenue further strains Russia’s budget, which posted a deficit of 3.7 trillion rubles, or 1.7% of GDP, in the first half of the year. Oil and gas remain vital to Russia’s economy and to funding its war, now in its fourth year.That…
[ad_1] Hinge may be a bright spot in the fizzling online dating industry.On Tuesday’s earnings call for Hinge and Tinder parent Match Group, CEO Spencer Rascoff said that Hinge is an example of what can be achieved with a motivated team and a great product.”Simply put, Hinge is crushing it,” Rascoff said. “Hinge’s success should put to rest any doubts about whether the online dating category is out of favor among users.”Match’s chief financial officer, Steven Bailey, said that Hinge generated $168 million in revenue in the second quarter, a 25% increase from the same time last year.The dating app’s…