50% growth without new users or engagement

ANASTASIA ZYG

Co-Founder and CEO of Snap Inc. Evan Spiegel. Matt Winkelmeyer | Getty Images Snap CEO Evan Spiegel on Wednesday said that the company’s previous forecast of multiple years of more than 50% revenue growth is achievable even without any additional user or engagement growth. “The 50% number actually isn’t predicated […]

OSCR starts trading on NYSE

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Shares of Oscar Health dipped 8% in its initial public offering Wednesday on the New York Stock Exchange. The stock began trading at $36 per share. Oscar had priced its shares at $39 apiece, above its target range of $36 to $38. At $36 per share, it has a roughly […]

Rocket Companies, Lyft, Michaels, Ambarella & more

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Shoppers enter a Michaels store in Miami, Florida. Scott McIntyre | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Rocket Companies – The online mortgage provider’s stock dropped close to 20% after a surprise rally in the previous session as analysts urged caution in the […]

Post-Covid travel boom could be ‘sky’s-the-limit’

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CNBC’s Jim Cramer said Wednesday he anticipates a ferocious travel recovery from the Covid pandemic, a development that would have significant implications for companies with exposure to the industry and for the U.S. economy overall. “It’s going to be a boom here in this country, and I don’t think people […]

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