Snap surges on earnings revenue beat and Q1 user gains

Snap surges on earnings revenue beat and Q1 user gains

The coronavirus pandemic has presented plenty of challenges for ad-reliant social networks, but Snap made clear it was not yet feeling significant negative effects with its Q1 earnings release today. Snap surged 17% after-hours on news of its Q1 results after dropping...
Houzz lays off 155 employees, cuts executive salaries

Houzz lays off 155 employees, cuts executive salaries

Houzz, an online platform for home renovation and design, has laid off 155 employees, roughly 10 percent of its staff, per an internal memo obtained by TechCrunch. Executive salaries also took a cut. The company, last valued at $4 billion, confirmed the content of the...
GM exits car-sharing business and shuts down Maven

GM exits car-sharing business and shuts down Maven

GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19 pandemic. The company sent an email to customers Tuesday that after...