Through the latest moves, Snap is “pivoting towards profitable growth,” per CEO Even Spiegel, doubling down on its 60%+ gross margin target for 2026.
Category: Business
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Broadcom jumps on expanded chip deal with Meta
The deal includes an initial commitment of over 1GW of computing capacity, enough to power some 750,000 US homes.
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Stocks rise as risk-on traders are hopeful for a peace deal
This past weekend’s failed talks did little to dampen optimism.
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Report: US Treasury wants to get a look at Anthropic’s Mythos model
While the Pentagon has blacklisted Anthropic, the Treasury wants access to its powerful unreleased Mythos AI model for cybersecurity testing.
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6 months after hiking Game Pass prices by 50%, Xbox determines it may be too expensive
Microsoft’s new Xbox chief, Asha Sharma, signaled that the subscription may be too pricey in an internal memo seen by The Verge.
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Quantum stocks rip as IonQ discloses new contracts, hits benchmark milestones
It’s also World Quantum Day.
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Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it
The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.
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Robinhood jumps as crypto and retail favorites rip
Strong gains for the crypto asset, which doesn’t really have fundamentals, the outfit that’s been synonymous with retail activity, and the stocks retail traders like the most are key signals that risk appetite…
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Ethereum climbs to highest point since end of January
“We should probably view the current ETH price gains with caution,” said Jim Hwang, COO of investment company Firinne Capital.
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Vertiv’s dominance in data center cooling earns it an “outperform”
Roughly 80% of Vertiv’s sales are tied to data centers, BNP says.
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Report: SpaceX’s satellite internet business is propping up its rocket and AI businesses
Starlink is responsible for most of SpaceX’s revenue and more than all its profits.
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Sandisk initiated at “outperform” by Evercore ISI, with target of $1,200
“We see further upside,” analysts said.