Snap Revenue Beats on Mobile-Ad Demand; Alwaleed Takes Stake

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth. Separately, Saudi billionaire Evan Spiegel defended his strategy, saying that while the redesign was the primary reason for fewer daily…

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When It Comes to Tipping, Millennials Are Cheapest

U.S. millennials are quick to whip out their wallets for pricey avocado toast and craft beer. But when it comes to rewarding the waiters and bartenders who serve them, those wallets often stay closed. Ten percent of millennials don’t tip at all when dining out compared with only three percent among the…

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