Truecaller is cutting around 70 jobs after its ad revenue fell sharply, dropping 44% year over year. The company’s reduced advertising income is cited as the main driver behind the layoffs, reflecting tougher conditions for ad-based monetization. The move signals increased cost pressure as the firm adjusts its operations to a weaker revenue cycle.
Snap reported weaker ad revenue in the first quarter, blaming ongoing Middle East tensions and slower growth in North America. The company also ended its partnership with AI provider Perplexity. Despite the financial pressure, Snap highlighted a bright spot: daily active users rose, suggesting engagement is holding even as advertisers tighten spending.
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Roblox shares fell after it cut bookings guidance, citing safety-related changes and mounting competition risk. Reddit climbed on expectations that AI is boosting advertising growth, alongside a solid revenue outlook. Atlassian also gained momentum after raising revenue forecasts, driven by stronger cloud and AI demand. Markets are now weighing users, ads, enterprise demand, and competitive threats.
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