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Investors will have to navigate a week full of potential risks events over the next seven days, not the least the U.S. central bank's policy meeting on Wednesday and the April U.S. non-farm payrolls report two days later.
As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. The company is touting the success of its short-from video feed a day after President Biden signed a bill that would ban TikTok if its Chinese parent company, ByteDance, fails to sell it within a year.