The World Cup has always been a boon for Twitter, bringing record traffic and an influx of advertising dollars. But this time, when the World Soccer Tournament began on Nov. 20, Twitter’s ad revenue in the United States was 80% below internal expectations for that week, three people with knowledge of the numbers said. At …
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U.S. stocks extended their downtrend on Thursday as optimism around easing inflation and a shift in Federal Reserve policy faded, while Wall Street analyzed a slew of earnings of companies. The S&P 500 (^GSPC) fell 0.3% after hitting a session low of more than 1%, while the Dow Jones Industrial Average (^DJI) was roughly flat, …
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U.S. stock futures stumbled Thursday morning as optimism around easing inflation faded and investors analyzed a slew of corporate earnings. Futures contracts linked to the S&P 500 (^GSPC) fell 0.6%, while contracts on the Dow Jones Industrial Average (^DJI) fell by the same percentage, or about 190 points. Futures on the technology-focused Nasdaq Composite (^IXIC) …
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When Instacart lowered its internal valuation from $39 billion to $24 billion in March, many in the VC ecosystem wondered if other startups would follow in the grocery delivery specialist’s footsteps. Several months later, Stripe, one of the largest and most watched venture capital-backed companies, made a similar move. The fintech specialist reduced the value …
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