Snowflake reports Q2 revenue up 29% YoY to $868.8M and raises its FY 2025 product revenue forecast, but not its margin forecast; SNOW drops 7%+ after hours (Zaheer Kachwala/Reuters)

Zaheer Kachwala / Reuters:
Snowflake reports Q2 revenue up 29% YoY to $868.8M and raises its FY 2025 product revenue forecast, but not its margin forecast; SNOW drops 7%+ after hours  —  Data cloud analytics firm Snowflake (SNOW.N) on Wednesday raised its forecast for full-year product revenue, as it attracts more clients …

Sources: Apple App Store VP Matt Fischer is leaving in October; App Store group will split into two teams, one for its own store, one for alt app distribution (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Sources: Apple App Store VP Matt Fischer is leaving in October; App Store group will split into two teams, one for its own store, one for alt app distribution  —  – Longtime App Store vice president Fischer to exit in October  — Company makes changes in response to regulatory environment

Interviews with US political campaigns and tech companies: despite 30+ companies offering their AI products, most campaigns are wary and largely not biting (Sheera Frenkel/New York Times)

Sheera Frenkel / New York Times:
Interviews with US political campaigns and tech companies: despite 30+ companies offering their AI products, most campaigns are wary and largely not biting  —  More than 30 tech companies have pitched A.I. tools to political campaigns for November’s election.  The campaigns have been wary.

Public Citizen: crypto companies have spent $119M+ in the 2024 election cycle through Q2, or 48% of all corporate money, an “unprecedented” spending spree (Brendan Pedersen/Punchbowl News)

Brendan Pedersen / Punchbowl News:
Public Citizen: crypto companies have spent $119M+ in the 2024 election cycle through Q2, or 48% of all corporate money, an “unprecedented” spending spree  —  The crypto industry’s campaign spending in 2024 really is unlike anything we’ve seen in modern politics …