Snap’s revenue decline for the second time in a row

Snap, Snapchat’s parent company, reported its second consecutive drop in quarterly revenue on Tuesday as it continued to struggle to bring in more ads. The social media company reported revenue of $1.07 billion for the second quarter, down 4 percent from a year earlier. In April, Snap reported a 7 percent year-over-year revenue decline, the … Read more

Mykhailo Fedorov is waging Ukraine’s war against Russia like a startup

“The armed forces and the startup communities are different worlds,” said Nataliia Kushnerska, project leader of Brave1. “In this project, everyone gets what they need. The General Staff and the Ministry of Defense receive very nice solutions that they can really get to work with. The Ministry of Economic Affairs will have a growing ecosystem, … Read more

Leon Black is being pressured by the Senate Judiciary Committee over Jeffrey Epstein’s fees

A Senate committee is investigating whether the $158 million billionaire investor Leon Black paid disgraced financier Jeffrey Epstein for tax and estate planning services should have been classified as a gift, as part of a broader investigation into tax evasion by high-net-worth individuals, according to a letter reviewed by The New York Times. In addition … Read more

IRS stops surprise visits to homes and businesses

The Internal Revenue Service said Monday it would immediately curb the practice of sending agents to make surprise visits to homes and businesses, scaling back a policy that has been central to its efforts to collect unpaid taxes for decades amid political backlash and mounting threats to its employees. The change comes as the IRS … Read more