Snapchat is in trouble. The stock plunged to a new all-time low, below $11 a share, after a dismal earnings report that showed stagnant user growth for the social networking app.
Mysteriously low inflation padded Corporate America's bottom line for years. Now soaring commodity prices and steadily rising wages threaten to ding record profits.
What's Next: Marketing morals. A year of scandal in tech, from #DeleteUber to #DeleteFacebook, will not result in meaningful regulation or broad-sweeping changes to business models, our best sources in Silicon Valley and on Capitol Hill believe. But it has put a premium on good behavior. The scrutiny over how tech companies affect society, handle data and prioritize growth vs. impact is forcing tech to spend more time thinking about "values" as strategy.