Snap Inc. sees highest growth in four years The owner of Snapchat has reported the highest growth rates since late 2017, as new features attracted more users. Snap’s revenue jumped 116% to $982m, well above the expectation of $845.9m. Read more.

Twitter beats revenue targets Advertising revenue at the social media giant reached $1.05bn, up 87% from the year-ago quarter, and beat Wall Street estimates of $909.9m. Twitter also matched analyst estimates on daily active user growth. Read more.

India’s Zomato makes stock market debut Shares in the Indian food delivery app Zomato have soared by more than 80% in its stock market debut. The platform was launched in 2008 and operates in more than 500 cities across India, partnering with almost 390,000 restaurants. Read more.

Tumblr launches new subscription service for Gen Z creators Tumblr has become the latest social media platform to introduce new ways for creators to make money. The blogging site has launched Post+, which lets creators choose which content they want to put behind a paywall. Read more.

Snapchat continues AR shopping push Snap Inc. has acquired Vertebrae, a firm specialising in 3D product modeling, as it continues to place bets on the augmented reality shopping space. Terms of the deal were not disclosed. Read more.

Netflix gaming push to start with mobile The streaming giant has said that its move into the gaming sector will be primarily focused on mobile games. Future games will be available at no additional cost as part of a Netflix subscription. Read more.