Business

Snap Inc. stock fell in after-hours trading after the Snapchat parent gave financial guidance for the first quarter of 2021 that disappointed Wall Street. The share price decline of more than 6% came despite a stellar set of fourth-quarter results, including user growth, profit and revenue all above analysts’ consensus forecasts. Like other social and
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UPDATED, 7:10 PM: Byron Allen’s Entertainment Studios and Charter Communications have agreed to settle Allen’s $10 billion racial-discrimination  lawsuit against the telecommunications giant. The parties put out a brief joint statement tonight announcing the deal. “Byron Allen’s Entertainment Studios Networks has resolved and withdrawn the lawsuit against Charter Communications.” Read details of the case below.
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Interest-free “buy-now-pay-later” (BNPL) deals face tighter regulation under plans announced by the government. A review published by the Financial Conduct Authority (FCA) found that the currently unregulated use of BNPL products nearly quadrupled to £2.7bn during 2020 and five million people had used them since the start of the pandemic. It concluded that the market
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