Cheddar morning business update 8/11: Amazon looks to sell concert tickets

Posted: Updated:
  • Shares of Snapchat’s parent company, Snap, are plunging after the company reported disappointing earnings and user growth. The number of daily Snap users only increased by 7 million from the first quarter compared to 8 million the previous quarter. Investors have been concerned about increased competition from Facebook and Instagram, which have been adding Snapchat-like features. 
  • Amazon is looking to take on Ticketmaster.com by partnering with venue owners to sell event tickets, Reuters reports. The retailer sees an opening in the ticket market because consumers hate ticket fees and want more access to events. It could be another perk for Prime members.
  • Consumer Reports is no longer recommending Microsoft Surface laptops and tablets, after a study estimated that about 25% of the devices will have problems by the end of the second year. Consumer Reports says it won’t recommend any other Microsoft laptops or tablets either, because of their "poor predicted reliability" compared to other brands.
sorry to interrupt
your first 5 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 5 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."