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Snap slides to a record low

Snap shares touched a record low of $10.49 apiece on Tuesday. Social-media stocks will remain in focus this week, with Twitter CEO Jack Dorsey and Facebook’s chief operating officer, Sheryl Sandberg, set to testify before Congress. Snap shares pushed lower Tuesday for a fifth straight session, touching a record low of $10.49 apiece. …read more […]

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Kaepernick Campaign Created $43 Million in Buzz for Nike So Far

The controversy surrounding Nike Inc.’s new Colin Kaepernick ad can’t be a surprise to the sportswear company. In less than 24 hours since Kaepernick first revealed the spot on Twitter, Nike received more than $43 million worth of media exposure, the vast majority of it neutral to positive, according to Apex Marketing Group. What’s more, he said, the move sends a strong signal to their current roster of athletes and positions Nike as a savvy risk-taker. …read more […]

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Amazon joins $1 trillion club, on pace to overtake Apple

If the online retailer’s share price continues at its recent pace, it will be a matter of when, not if, Amazon’s market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on Aug. 2. Apple took almost 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years. While Apple’s iPhone and other devices remain popular and its revenues are growing, it is not keeping up with Amazon’s blistering sales growth. …read more […]