Canada orders TikTok to dissolve Canadian subsidiary amid rising security concerns

Canada orders TikTok to dissolve Canadian subsidiary amid rising security concerns

In a bombshell move, Canada has ordered TikTok Technology Canada, the local subsidiary of TikTok, to dissolve its operations, citing grave national security concerns. The government has stopped short of banning the app outright, allowing TikTok to continue functioning for millions of Canadian users. This development, which follows intense scrutiny of TikTok’s ties to its […]

Reddit stock skyrockets on surprising profit and revenue growth: A major comeback for the social media platform

Reddit stock skyrockets on surprising profit and revenue growth: A major comeback for the social media platform

Reddit’s stock (RDDT) saw a significant surge of 25% after the company announced its third-quarter results for 2024, revealing not only profitability for the first time in twenty years but also robust revenue growth that exceeded analyst expectations. The social media platform, which went public earlier this year, has demonstrated impressive financial strength and strategic […]

Snap defies odds: Q3 profit stuns Wall Street as shares skyrocket

Snap defies odds: Q3 profit stuns Wall Street as shares skyrocket

Shares of Snap Inc., the parent company of Snapchat, surged following better-than-anticipated third-quarter results. Analysts expected a quarterly loss of $0.26 per share, yet Snap defied forecasts by posting an adjusted profit of $0.03 per share, with revenue of $1.12 billion. The company attributed this turnaround to an 85% increase in advertising participation from small […]