Shares are down in after hours trading. We will have a report. And, libra grilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the social networks controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. Snap fell as much as 10 in late trading after reporting thirdquarter earnings. The Company Reported revenue and user growth beating analyst estimates. It has been boosted by an increase in downloads to the revamped android version. But questions remain about longterm monetization. To break it down for us, i want to bring in Jitendra Waral from bloomberg intelligence. First lets talk about the third quarter, daily active users. I have a chart here that i am showing in my terminal. Seems like those daily active users knocked it out of the park. Jitendra q3 numbers were pretty strong. It is the q4 guidance that fell short. Looking at the backdrop here, the stock is up 154 year to date. The valuation, to sustain that valuation
And, libra drilling. Facebook Ceo Mark Zuckerberg is anticipated to face lawmaker questions on the controversial cryptocurrency on wednesday. We cover what to expect. First, our top story. In latel as much as 10 trading after reporting thirdquarter earnings. Revenue and user growth beat analyst estimates. It has been boosted by an increase in downloads to the revamped android version. Questions remain about longterm monetization. Someone fromng in bloomberg intelligence. I have a chart here that i am showing in my terminal. Seems like those daily active users knocked it out of the park. Were prettys strong. Q4 guidance fell short. The stock is up 154 year to date. Evaluation, to sustain that valuation level, it fell short. The user number is the hardest one to really beat. Everything else is in their control. Monetization, cut costs if they want, but the user growth is the harder metric. The fact that they are projecting better than expected user growth in 4q as well, it is showing tha
The defense, in one way or another in this federal case, and the other today, saying not so fast. Today, the special counsel, asked for a january 2nd trial date in the election subversion case, which had said partake as little as four weeks. The former president , who is expected to challenge that, took the first step tonight in his social network. Quoting now, but leaving out some of the personal tax on smith and president biden. Quote, only an Out Of Touch Lunatic would ask for such a date. One day, into the new year, and maximum election interference with iowa. Now whatever you make of that, in particular the, the proposed date is yet another entry on what is already a very crowded calendar. Take a look. Surrounding that date are the trump organizations Civil Fraud Trial this october, the e. Jean carroll defamation trial january 15th. That is the same day of the iowa caucuses. Super tuesday, march 5th, is just ten days before march 15th, manhattan hush money trial. In the maralago d
Trial. And we get more evidence of defense footdragging in the maralago documents case. Also tonight, were on the scene of the enormous destruction in maui where some of the wildfires are thankfully being contained, but the proportions of this tragedy, including now dozens of lives lost, it just keeps growing. Later, Florida Governor ron desantis adds a new adversary to disney, School Liberians and the woke. This time school prosecutors. He is firing them, only he never hired them. The voters did. Well speak to the latest official to get the ax. Good evening. John berman here for anderson. Trying to for swift justice in what could become the most significant criminal trial ever in this country. If not unprecedented in its speed, then pretty nearly so. The defense in one way or another in this federal case and the other today say not so fast. Today the Special Counsels team asked for a january 2nd trial date in the Election Subversion case which it said could take as little as four week
An Ohio Special Election becomes a crucial new litmus test on Abortion Rights here in america. They voted down the effort to make it harder to amend the state constitution. Its the most political issue for women on the left. This is a wakeup call to republicans. The problems politically in a post world have not gone away. District attorney fonny willis will present her case to the grand jury next week. The prosecutor has been lining up witnesses in the investigation of donald trump and his allies who are are trying to overturn Election Results in georgia. Its trending in that direction. Im sitting in a courtroom on [ bleep ] because his Attorney General charged me. Ron desantis continue his staff shakeup. The problem is when things go badly with a campaign, you usually get blamed for it. Montgomery, alabama, Police Department identify suspects in the chaotic brawl on a boat dock. Three many white men have been charged with third degree assault. You see stuff like that on tv, but to see