[BIG TECH]■ STORY TIMELINE

SNAP BEATS Q1 TARGETS, BUT STOCK DROPS ON PERPLEXITY DEAL END

Snap reported first-quarter revenue of $1.53B, up 12% year-over-year and in line with expectations. The company also announced it ended its $400M partnership with AI search engine Perplexity, causing shares to fall over 4% in after-hours trading.

3 SOURCESFIRST SEEN MAY 6, 08:45 PM► READ THE ARTICLE

Techmeme+0m

Snap reports Q1 revenue up 12% YoY to $1.53B, in line with est., and says it ended its $400M Perplexity deal announced in November; SNAP drops 4%+ after hours (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Snap reports Q1 revenue up 12% YoY to $1.53B, in line with est., and says it ended its $400M Per…

TechCrunch+58m

Snap says its $400M deal with Perplexity ‘amicably ended’

The deal, announced last November, would have seen Perplexity's AI search engine integrated directly into Snapchat.

Techmeme+1d 1h

Nvidia and data center operator IREN announce a deal to deploy up to 5 GW of AI infrastructure; Nvidia can invest $2.1B into IREN; IREN jumps 9%+ after hours (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Nvidia and data center operator IREN announce a deal to deploy up to 5 GW of AI infrastructure;…

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