Snap reported weaker ad revenue in the first quarter, blaming ongoing Middle East tensions and slower growth in North America. The company also ended its partnership with AI provider Perplexity. Despite the financial pressure, Snap highlighted a bright spot: daily active users rose, suggesting engagement is holding even as advertisers tighten spending.
DoorDash has begun delivering groceries from nearly 2,700 Kroger stores using SNAP benefits, aiming to make online grocery access easier for low-income Americans. The partnership targets food deserts and people with limited transportation, while a new customer offer grants free delivery on the first Kroger order—potentially reducing cost and distance barriers to healthy food.
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Expedia Group has named Derek Andersen, previously a finance leader at Snap, as its new CFO. He starts on May 11 and will report to CEO Ariane Gorin. The move comes as online travel faces potential AI disruption, while outgoing CFO Scott Schenkel leaves after roughly 16 months in the role.
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