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Snap misses revenue expectations after Apple’s privacy changes

Snap, the parent company of disappearing-message app Snapchat, reported third-quarter revenue that missed Wall Street’s expectations on Thursday. At one point, Snap’s shares plunged nearly 25% in after-hours trading to $56.36 per share. The company posted $1.07 billion in revenue in the third quarter, below the $1.1 billion forecast by analysts surveyed by Thomson Reuters. Snap earned 17 cents per …

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Varjo Aero aims to push the envelope for high

How good can VR look? That answer has a sliding scale. Most everyday headsets like the Oculus Quest 2 look sharper and better than ever; others, like the HP Reverb G2, take another leap for simulation accuracy. Then there’s the Varjo Aero, a $1,990 headset arriving by the end of this year — where image quality (and price for the non-business …

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Donald Trump is launching a new social network called Truth Social

Former President Donald Trump said on Wednesday he’s launching a new social network called Truth Social, whose goal is to push back against Big Tech, according to a press release purported to come from one of his companies. The Trump Media and Technology Group, which made the announcement, said the social network will begin a limited beta launch in November, with …

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AT&T profits rise as wireless, HBO Max subscribers flock in

AT&T again saw wireless customers return to the service amid aggressive promotions — particularly for the iPhone 13 — as overall profits surged in the third quarter.  The company posted a net gain of 928,000 postpaid phone customers, or people with higher credit scores who pay their bills at the end of the month, which it said was the highest …

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Google cuts subscription

Effective Jan. 1, Google is decreasing the service fee it collects from subscription-based apps in the Play Store from 30% to 15%, the company announced Thursday via its blog for Android developers. The new rate will be effective for all apps on day one, the announcement reads — that’s a change from the current structure, which requires subscription-based apps to …

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