Cheddar Morning Business Update 11/8: Twitter expands to 280 characters

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  • Snapchat is getting a redesign so it will be easier for new users to understand it. Shares of Snap were down 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 is doubling its character limit, going 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
  • George Clooney says he's probably done with acting for a while. One reason could because he doesn't need the money! Clooney recently sold his tequila company for a $1 billion. He says if he really needs money he'll do commercials, adding that he used to do ads for coffee. 
  • BusinessMore>>

  • Harley, stung by tariffs, shifts some production overseas

    Harley, stung by tariffs, shifts some production overseas

    Monday, June 25 2018 7:34 AM EDT2018-06-25 11:34:18 GMT
    Monday, June 25 2018 3:15 PM EDT2018-06-25 19:15:09 GMT
    (AP Photo/Keith Srakocic, File). FILE - In this April 26, 2017, file photo, rows of motorcycles are behind a bronze plate with corporate information on the showroom floor at a Harley-Davidson dealership in Glenshaw, Pa. Harley-Davidson, facing rising c...(AP Photo/Keith Srakocic, File). FILE - In this April 26, 2017, file photo, rows of motorcycles are behind a bronze plate with corporate information on the showroom floor at a Harley-Davidson dealership in Glenshaw, Pa. Harley-Davidson, facing rising c...
    Harley-Davidson, stung by burgeoning trade war, shifts production overseas for motorcycles headed to Europe.
    Harley-Davidson, stung by burgeoning trade war, shifts production overseas for motorcycles headed to Europe.
  • Erdogan wins in Turkey, gets ready to assume sweeping powers

    Erdogan wins in Turkey, gets ready to assume sweeping powers

    Monday, June 25 2018 2:24 AM EDT2018-06-25 06:24:04 GMT
    Monday, June 25 2018 3:15 PM EDT2018-06-25 19:15:06 GMT
    (Presidency Press Service via AP, Pool). Turkey's President Recep Tayyip Erdogan, waves to supporters of his ruling Justice and Development Party (AKP) in Ankara, Turkey, early Monday, June 25, 2018. Erdogan won Turkey's landmark election Sunday, the c...(Presidency Press Service via AP, Pool). Turkey's President Recep Tayyip Erdogan, waves to supporters of his ruling Justice and Development Party (AKP) in Ankara, Turkey, early Monday, June 25, 2018. Erdogan won Turkey's landmark election Sunday, the c...
    Recep Tayyip Erdogan, who has dominated Turkish politics for the past 15 years, is set to extend his rule with sweeping powers after winning landmark presidential and parliamentary elections.
    Recep Tayyip Erdogan, who has dominated Turkish politics for the past 15 years, is set to extend his rule with sweeping powers after winning landmark presidential and parliamentary elections.
  • Stocks sink on reports US may limit tech exports, investment

    Stocks sink on reports US may limit tech exports, investment

    Monday, June 25 2018 10:24 AM EDT2018-06-25 14:24:25 GMT
    Monday, June 25 2018 3:14 PM EDT2018-06-25 19:14:23 GMT
    (AP Photo/Richard Drew, File). FILE- In this April 5, 2018, file photo, a sign for a Wall Street subway station is shown in New York. The U.S. stock market opens at 9:30 a.m. EDT on Monday, June 25.(AP Photo/Richard Drew, File). FILE- In this April 5, 2018, file photo, a sign for a Wall Street subway station is shown in New York. The U.S. stock market opens at 9:30 a.m. EDT on Monday, June 25.
    US stocks are following global indexes lower after the Wall Street Journal said the Trump administration plans to limit high-tech exports to China and restrict investment by Chinese firms in US companies.
    US stocks are following global indexes lower after the Wall Street Journal said the Trump administration plans to limit high-tech exports to China and restrict investment by Chinese firms in US companies.
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