Shares of Snap Inc, owner of the Snapchat messaging app, had their busiest trading day in two and a half months in a volatile session on Monday, as early investors could sell their shares for the first time.
Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans.
Facebook surpassed quarterly profit and revenue estimates on Wednesday as the social media giant found more ways to attract advertisers to its mobile app and Facebook News Feed, sending its shares to an all-time high.
Facebook is in early talks with several news publishers about how its site can better support subscription business models, the company's head of news partnerships, Campbell Brown, said in a statement on Wednesday.
The shoe brand announced it will be collaborating on Jay Z on his upcoming 4:44 Tour as well as on other projects. Puma has cultivated successful relationships with other musicians such as Rihanna in recent years.
Twitter Inc on Tuesday hired Ned Segal, senior vice president of finance at Intuit Inc and a former managing director at Goldman Sachs Group Inc, as its chief financial officer beginning in late August.