Snapchat loses 2m more users (but beats sales estimates)
Snapchat lost 2 million daily active users compared with the previous quarter, but beat analyst expectations on revenue and earnings, approaching $300 million in revenue for the quarter.
brands
Amazon sees record profits of $3bn (but shares fall on growth worries)
Amazon has announced a record profit for the last three months of nearly $3bn, but lower-than-expected revenue growth resulted in shares dropping 10% for the online retail giant.
Social media purchases ‘to increase by 66% this Black Friday’
42% of internet users are now predominantly using social networks to research brands, products and services (39% growth since 2015), leaving search engines 10 percentage points behind, according to new research looking into potential Black Friday and Cyber Monday sales this year.
Singles’ Day comes to the UK: Chinese anti-Valentine’s event to double in value
China’s Singles’ Day will double in value in the UK this year as the event falls on a Sunday to make it more popular than ever with home shoppers, according to a new report.