Shopify Falls on Surprise Loss, Hit From Logistics Unit Sale
After rallying more than 120 percent last year, Shopify shares have struggled this year after the company had projected higher operating costs than expected for this quarter.
Evan Spiegel
Snapchat Is Back in Fashion
Many brands fled Snapchat for greener pastures on Facebook and Instagram. But those that stuck around have found Snapchat is a winning platform to reach Gen Z.
Snap's Next Surprise May Be Turning Profitable Three Years Early
The company behind Snapchat wants to break even and reach profitability in 2018.
Inside Snapchat’s Battle to Win Back Its Momentum
After a tumultuous first year on the public market, Snapchat is under pressure to deliver results. But will advertisers ever see the platform as more than a place to experiment?
Op-Ed | When Image Is Everything
The rise of the image economy presents a revolutionary opportunity to communicate alternate values, but Generation Next seems content to post dope travel pics from Ibiza, argues Chris Wallace.
Snap Misses User-Growth Estimate as Facebook Copying Takes Toll
Snap’s growth fell short of estimates, feeding fears that aggressive competition from Facebook is blunting the younger social media company’s potential just months after its IPO.
Snap CEO Evan Spiegel Dismisses Growth Shortfall
After reporting revenue and user growth that missed estimates, Snap Inc CEO Evan Spiegel spoke as if the quarter was a success deflecting questions and concerns by explaining that people may just not understand the value of his platform yet.
Millennial Love for Snapchat Extends to the Stock
Novice investors said their deep affinity with the disappearing-message app prompted them to jump in.
What Does a Status Symbol Look Like in 2017?
As Snap’s IPO mints a mountain of new millionaires in Los Angeles, what will their spending reveal about changing luxury consumption patterns and the state of status in 2017?
Snap to Price Long-Awaited IPO Amid Signs of Brisk Demand
Snap is targeting a valuation of between $19.5 billion and $22.3 billion, the richest valuation in a US tech IPO since Facebook in 2012.
The Snapchat Opportunity
Why the rise of Snapchat is good news for the fashion industry.
Snap Lowers Valuation Expectations in Highly Awaited IPO
Investors have been poring over the filing for Snap's upcoming IPO to assess whether the still-unprofitable company will be the next Facebook Inc.
Bits & Bytes | Snapchat's Multi-Billion Dollar IPO, Leather Grown in a Lab
This week, Snapchat files for IPO, seeking a $25 billion valuation amidst scepticism, while biotechnology companies grow sustainable leather in labs.
Company Snapshot
His image- and video-sharing app has been adopted by the fashion industry to an extent only previously achieved by Instagram.
The News in Brief
Boohoo Dives Into Debt as Losses Soar to £160 Million and Sales Slump
The online fashion specialist said it had built up net debts of £95m in the year to the end of February – down from almost £6m of net cash a year before – after losses widened 76 percent to £160 million.
Levi Strauss Ends Lawsuit Against Italy’s Brunello Cucinelli Over Trademarked Tab
Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again. Settlement talks began shortly after Levi sued in January.
Puma Returns to Sales Growth in Americas Despite ‘Volatile’ Market
Demand for retro shoe styles such as 'terrace' has helped boost sales of sportswear brands like Puma and its rival Adidas at a time when the sector has been hit by weaker consumer demand and excess stocks.
Tylenol Maker Kenvue Beats Quarterly Profit Estimates, to Cut 4% Jobs
Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker’s efforts to expand its key brands.
Richemont Acquires Italian Jeweller Vhernier
Vhernier is small but Richemont has a history of turning small brands into success stories
TikTok Sues US Government to Block Divest-or-Ban Law
The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.
Prada Heir Says the Group Is Open to More M&A
‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.