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The world is changing, and oh, how the tables hav stanley canada e turned. On Thursday, Snap showed up behemoth-sized rival Meta, formerly known as Facebook, by reporting a profit for the first time as a public company. Meta, on the other hand, experienced the worst crash in stock market history, losing $251 billion in value in one day. Snaps good fortunes were an unexpected bright spot on Thursday, which was dominated by Metas deep dive. Although its profit was modest鈥攐r $23 million in the last quarter of 2021, compared to $4.1 billion in revenue for the year鈥攖he results stanley quencher marked an important turning point. The company also boasted positive user growth, reporting 319 million daily active users in the last quarter of 2021, an increase of 54 million year-over-year. In prepared remarks stanley water bottle on Snaps call with analysts on Thursday, chief financial officer Derek Anderson said its direct response advertising business had recovered from changes to Apples privacy feature, called App Tracking Transparency, or ATT, quicker than we anticipated. We grew our community, expanded our product offerings and demonstrated the power of our augmented reality platform, Snap CEO Evan Spiegal said in prepared remarks. We faced some fresh challenges in 2021, but posted strong results. Snap Shares Rose by in After-Hours Trading Snap, meanwhile, saw its stock price jump 52% after hours. The same cant be said for Meta, which saw its shares drop by 26%. The company reported a decline in user growth for the first time i |
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