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Snap warning feeds concerns over social media ad splurge

Bloomberg A warning from Snap Inc is rattling technology investors who have got used to turbocharged growth in ad spending on social media. Executives from the maker of Snapchat said that supply-chain bottlenecks are prompting companies to hold back on online ad spend for the upcoming holiday season, meaning sales will rise by only around 30% in the fourth quarter ...

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Intel’s 12% slide erases more than $26b from market value

Bloomberg Intel Corp shares plummeted to their lowest close since December, after the chipmaker reported third-quarter results and detailed a spending plan that it said would pressure profitability over the next few years. The stock falls 12%, its biggest one-day percentage decline since July 2020, marking the sixth straight quarter where Intel’s results were met with a negative reaction. The ...

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Tencent blames WeChat access for search engines on loophole

Bloomberg Tencent Holdings Ltd said loopholes created during a recent tech upgrade made some content on its enclosed WeChat ecosystem available on search engines. While the company said the vulnerability had already been fixed, searches performed using Google, which is blocked in mainland China, and Microsoft Corp’s Bing were still able to locate social media articles from WeChat. Articles on ...

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