Patience Haggin

1 week ago | wsj.com | Patience Haggin

More states are subsidizing satellite connectivity, which could be a boon to Elon Musk’s Starlink and Amazon’s Project KuiperA growing number of states are rolling out subsidies for satellite connectivity in rural areas, a change that could be a boon to Elon Musk’s Starlink and another nascent service from Amazon.

1 month ago | wsj.com | Patience Haggin

The Snapchat owner said advertisers have curbed spending due to the planned end to a loophole waiving levies for cheaper goods. (Taidgh Barron/Zuma Press)Snap said some advertisers have curbed spending due to the Trump administration's plans to close a loophole waiving tariffs for lower-priced goods. Shares in the social-media company fell 14% Wednesday morning. The Snapchat operator declined to share formal guidance for this quarter, and executives said it had experienced headwinds.

1 month ago | finance.yahoo.com | Patience Haggin

Snap said some advertisers have curbed spending due to the Trump administration's plans to close a loophole waiving tariffs for lower-priced goods. Shares in the social-media company fell 14% Wednesday morning.

1 month ago | wsj.com | Patience Haggin

Snap said some advertisers have curbed their ad spending due to the Trump administration's plans to close a loophole that previously waived tariffs for lower-priced goods. The impact of the end to the so-called "de minimis" rule, which made it possible for Chinese shippers such as Temu and Shein to build massive e-commerce businesses in the U.S. by shipping products directly to customers, looms over social-media companies this earnings season. Shap shares fell 20% in after-hours trading.

1 month ago | wsj.com | Patience Haggin

Google expects to be affected by the Trump administration’s plan to close a loophole waiving tariffs on low-value shipments, an executive said Thursday. The change will end the “de minimis” exception for U.S. imports valued at less than $800. That will create a “slight headwind” for Google’s $31 billion ad business in 2025, primarily from retailers based in the Asia-Pacific region, said Philipp Schindler, Google’s chief business officer. He declined to speculate further on the effects of tariffs.