21 May

Snap Is Making Up for Last Year

WRITTEN BY Sanmit Amin

Snap has had a fantastic year

This year has been a great one for Snapchat parent Snap (SNAP). The company’s revenue growth has been robust, it has reined in its losses, and the company has announced new developments, including a push into gaming. It has also launched a re-engineered Android app that could win back users, and its stock has nearly doubled.

Snap Is Making Up for Last Year

Filling high-profile vacancies

Last year was rough for Snap in terms of personnel—it lost more than ten high-profile personnel, denting its stock. However, over the last six months, the company has filled six high-profile positions and calmed anxious investors. The company just appointed finance VP Derek Anderson as its CFO after the position was vacated by Tim Stone earlier this year due to a falling out with CEO Evan Spiegel. Lara Sweet, the interim CFO and chief accounting officer, will be stepping into a new role as “Chief People Officer,” and the company appointed Kenny Mitchell as its chief marketing officer last month.

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26 Jun

Roku Stock Fell Close to 7.0% Yesterday

WRITTEN BY Aditya Raghunath

Roku stock fell 6.8% yesterday to close trading at $93.25 per share. Roku stock has lost over 9.0% in market value in the last two trading days. Prior to this pullback, Roku stock was up a whopping 235.0% year-to-date.

26 Jun

Beyond Meat Stock Up Today on New Product Launch

WRITTEN BY Rajiv Nanjapla

Today, Beyond Meat (BYND) announced that its new product, Beyond Beef, will hit markets across the US later this week.

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.

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