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The advertising business was hit hard by Apple Inc's new privacy rules. Snap Inc plummeted 25% after trading and also fell sharply after Facebook tweeted the special offer.
Snap Inc announced the company's third-quarter results after trading on Thursday, and its revenue and performance guidelines fell short of market expectations. According to the financial report, Snap Inc's adjusted earnings per share in the third quarter were 17 cents per share, with market expectations of 0.08 dollars; revenue of 1.07 billion dollars and market expectations of 1.1 billion dollars. The company said that the number of global daily active users in the third quarter was 306 million, and the market expected 302.1 million; revenue in the fourth quarter is expected to be $1.17 billion-1.21 billion, and the market is expected to be $1.35 billion. Snap Inc's advertising business was hit hard by the new privacy rules introduced by Apple Inc earlier this year.
Taiwan Semiconductor Manufacturing Co Ltd rose 3.8% and Q3 revenue increased by 22.6% over the same period last year, raising the forecast for performance growth in 2021.
Taiwan Semiconductor Manufacturing Co Ltd rose 3.8%, and revenue in the third quarter increased by 22.6% compared with the same period last year, raising the forecast for performance growth in 2021. According to the financial report, Taiwan Semiconductor Manufacturing Co Ltd's net income in the third quarter was NT $414.671 billion, compared with NT $356.426 billion in the same period last year, an increase of 16.3% year-on-year and 11.4% month-on-month. The net profit of Q3 was NT $156.259 billion, compared with NT $137.31 billion in the same period last year, an increase of 13.8 per cent year-on-year and 16.3 per cent month-on-month. Q3 diluted earnings per share was T $6. 03, compared with T $5. 30 in the same period last year, up 13. 3% from a year earlier.
Bullard of the Federal Reserve: policymakers cannot expect high inflation to dissipate
James Bulllard, president of the Federal Reserve Bank of St. Louis, said inflation is rising at its fastest pace in 30 years, and although it is possible that it will dissipate in the next six months, the central bank cannot expect that to happen. Mr Bullard said he thought there was a 50 per cent chance that inflation would dissipate and that it would last. Bullard reiterated his hope that the Fed will begin to scale back its monthly asset purchases in November and end them by the end of the first quarter of next year. The growth rate of people infected with Delta mutant virus slowed in the third quarter, but "from an economic point of view," Bullard said.
There have been extensive outages on websites such as Facebook, Google, and Amazon
Sina Technology News reported in the early morning of October 5, Beijing time, that the website DownDetector, which monitors network conditions, showed that a large number of users reported problems with Twitter, T-Mobile, AT&T, Amazon Cloud Services, and Google Services. Previously, Facebook's apps, such as Facebook, Messenger, Instagram, and WhatsApp, all had malfunctioned. The error message on the Facebook page indicated that there was a Domain Name System (DNS) error. Facebook display