Matthew Speiser

Speiser

Matthew Speiser

Snap stock hits new lows as CEO's promise can’t overcome declining ad rates

Photo: Flickr/Anthony Quintano

Missed second-quarter earnings expectations and weaker-than-expected user numbers sent Snap Inc. stock tumbling to its lowest price ever since the tech company's March 2 IPO.

Snap reported a net loss of $443 million, or a loss of 36 cents per share. Daily active users grew to 173 million, a 4 percent increase from last quarter, but below the expected 175 million DAUs.

To compound the bad news, Snap CFO Andrew Vollero disclosed in a conference call that Snap’s average…

How businesses plan to cash in on the eclipse

On August 21, the moon will pass between the sun and the earth, causing a total solar eclipse for the entire mainland United States.

This will be the first total solar eclipse visible from coast-to-coast in 99 years, and business are taking notice.

From food to fashion to travel, everybody seems to have a strategy on how to cash in on the rare lunar event.

Here are some of the best deals and offers.

Krispy Kreme

In honor of the eclipse, Krispy Kreme will debut its first-ever chocolate glazed donut. T…

How businesses plan to cash in on the eclipse

On August 21, the moon will pass between the sun and the earth, causing a total solar eclipse for the entire mainland United States.

This will be the first total solar eclipse visible from coast-to-coast in 99 years, and business are taking notice.

From food to fashion to travel, everybody seems to have a strategy on how to cash in on the rare lunar event.

Here are some of the best deals and offers.

Krispy Kreme

In honor of the eclipse, Krispy Kreme will debut its first-ever chocolate glazed donut. T…

Staring down the retail apocalypse, Macy’s can’t stop tanking

Photo: Wikimedia Commons

Macy’s has hired a new CEO, closed over 100 stores and invested billions in its e-commerce operation, but the department store giant can’t stop tanking.

On Thursday, Macy’s announced sales fell 2.8 percent in the second quarter, the 10th consecutive quarter of decline for the retailer. The news sent the company’s share price into a steep dive, falling more than 10 percent by the close of trading.

If you’re looking for a silver lining, it’s this: the results were not as bad …

Netflix is streaming king, but for how long?

Credit: Shardayyy/Flickr

Last month, Netflix surpassed all U.S. cable companies combined in paid subscribers. As Forbes reports, Netflix now has 50.85 million subscribers, surpassing cable's 48.61 million. This milestone is the cherry on top of what has been a meteoric rise for the streaming service.

If you had bought $100 of Netflix stock on its first day of trading in 2002, that stock would be worth $12,997 today. By way of comparison, $100 of Amazon stock delivered $11,348 after its first 15 ye…

Podcasting predicament: Media industry's latest bubble faces an uncertain future

Credit: Wikimedia Commons

I’ve gotten into the habit of walking to and from work. Not because I need the exercise, but because it gives me more time to listen to my favorite podcasts.

My podcasting habit dovetails neatly with the overall growth of the industry. I started listening in 2015 when Bill Simmons launched his own podcast after his ESPN ouster. I loved Bill Simmons so I happily downloaded Stitcher and popped in my earbuds. Over the past two years I have added several other podcasts to my …