Can't wait for TwitTok and TikPin... Snap's Stories feature has been copied by nearly every social app. Now Snap's doing some copying of its own with a new "Spotlight" tab for endlessly scrolling viral vertical videos (#ThreeVs). Addictive "Three Vs" content is the secret sauce of TikTok's wild growth. That's why Facebook is aggressively pushing Insta "Reels" — and why Snap is shelling out $1M each day to Spotlight creators. With the scrutiny around viral misinformation, Snap's moving into riskier territory. Still, the stock jumped 4% for the week and has nearly tripled this year.
That's sooo Fitch... Your favorite place to pose with shirtless "models" in 7th grade is having a moment. Abercrombie & Fitch stock soared last week on expectation-beating quarterly earnings. Online sales jumped 43%, and Abercrombie notched a profit thanks to cost-cutting. Interestingly: its Californian sub-brand Hollister brought in 58% of total sales. Hollister got boosted by its sub-sub-brand Gilly Hicks, which makes comfy loungewear and bralettes.