Let’s not mince words: Eight months after Snapchat went public, the company is a disaster. Parent company Snap Inc. turned in its third earnings report as a public company, and for the third time its shares tanked when both revenue and user growth were disappointing. Snapchat also disclosed it would change the fundamental character of its app—the sole significant revenue …

Bloomberg The components in Apple Inc.’s new iPhone X cost $115 more than the guts of the iPhone 8 due to its pricey new screen and facial recognition scanner, according to an analysis by IHS Markit Inc. The total bill of materials for the base model iPhone X with 64 gigabytes of storage is $370.25, according to IHS’s report, excluding …

Bloomberg Zynga Inc. wants to be the go-to place for mobile card games. The San Francisco-based online gaming pioneer is acquiring the copyrights for mobile card game business of Turkish game designer Peak Games for $100 million in a deal expected to close in the fourth quarter. The Peak business is profitable and will add to earnings, Zynga Chief Executive …