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Snap beats revenue and user growth estimates and announces $500 million buyback

Item 1 of 2 Snapchat app is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo (1/2)In this illustration from July 13, 2021, the Snapchat app is seen on a smartphone. REUTERS/Dado Ruvic/Illustration/File Photo Purchase…

AMD acquires server manufacturer ZT Systems for $4.9 billion in cash and stock

Aug 19 (Reuters) – AMD (AMD.O)opens new tab announced on Monday that it plans to acquire server maker ZT Systems for $4.9 billion. The company wants to expand its portfolio of chips and hardware for artificial intelligence and compete against…