Cheddar morning business report 11/8: Snapchat, Twitter adopt new looks

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EDISON -

Top morning business and technology headlines for Nov. 8, 2017:

  • Snapchat is getting a redesign so it will be easier for new users to understand it. Shares of Snap were down Tuesday after the company reported its recent earnings. Revenue is less than expected, and the company also added far fewer new subscribers than expected. CEO Evan Spiegel admits Snapchat has received feedback that the app is "difficult to understand or hard to use." 
  • Twitter has officially doubled its character limit. The limit went from 140 to 280 for all tweets -- except those in Chinese, Korean and Japanese. Twitter tested the use of longer tweets and found that they allowed users to share their thoughts more easily.
  • It pays to be George Clooney. He said he's probably done with acting for a while. One reason? He doesn't need the money. Clooney recently sold his tequila company for $1 billion. He said if he really needs money, he'll do commercials, adding that he used to do ads for coffee.
  • BusinessMore>>

  • UK top diplomat warns no Brexit deal 'now a very real risk'

    UK top diplomat warns no Brexit deal 'now a very real risk'

    Monday, July 23 2018 6:25 AM EDT2018-07-23 10:25:33 GMT
    Monday, July 23 2018 7:41 AM EDT2018-07-23 11:41:37 GMT
    (AP Photo/Markus Schreiber). Britain's Foreign Minister Jeremy Hunt briefs the media after a meeting with German Foreign Minister Heiko Maas at the foreign ministry in Berlin, Germany, Monday, July 23, 2018.(AP Photo/Markus Schreiber). Britain's Foreign Minister Jeremy Hunt briefs the media after a meeting with German Foreign Minister Heiko Maas at the foreign ministry in Berlin, Germany, Monday, July 23, 2018.
    Britain's top diplomat is warning that the country could crash out of the European Union next year without an agreement on future relations with Brussels, causing economic and political damage on both sides.
    Britain's top diplomat is warning that the country could crash out of the European Union next year without an agreement on future relations with Brussels, causing economic and political damage on both sides.
  • Ailing auto CEO Marchionne had multiple roles, no script

    Ailing auto CEO Marchionne had multiple roles, no script

    Sunday, July 22 2018 8:59 AM EDT2018-07-22 12:59:18 GMT
    Monday, July 23 2018 7:41 AM EDT2018-07-23 11:41:29 GMT
    (AP Photo/Luca Bruno, file). FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. The boards of Fiat Chrysler, Ferrari and CNH Industrial have be...(AP Photo/Luca Bruno, file). FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. The boards of Fiat Chrysler, Ferrari and CNH Industrial have be...
    Fiat Chrysler Automobiles chairman has written a letter to the carmaker's employees to inform them that long-time CEO Sergio Marchionne's condition has worsened, preventing him from returning to the company he...
    Fiat Chrysler Automobiles chairman has written a letter to the carmaker's employees to inform them that long-time CEO Sergio Marchionne's condition has worsened, preventing him from returning to the company he created through a merger.
  • Asian stocks fall as trade tensions take center stage

    Asian stocks fall as trade tensions take center stage

    Monday, July 23 2018 12:35 AM EDT2018-07-23 04:35:06 GMT
    Monday, July 23 2018 7:40 AM EDT2018-07-23 11:40:51 GMT
    (AP Photo/Lee Jin-man). A currency trader walks by the screen showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, July 23, 2018. Asian markets were mostly lower ...(AP Photo/Lee Jin-man). A currency trader walks by the screen showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, July 23, 2018. Asian markets were mostly lower ...
    Asian stocks lower as trade tensions take center stage at G-20.
    Asian stocks lower as trade tensions take center stage at G-20.
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