Number of the day
14 percent
That’s how much shares of Snap fell Wednesday as the social media company lost its second chief financial officer in less than year. Snap has been struggling with declining user numbers and stiff competition from Instagram.
Infowars loses a battle
Streaming service Roku announced Tuesday that it added conspiracist and provocateur Alex Jones’ Infowars show to its content lineup — then changed its mind later in the day. “We heard from concerned parties and have determined that the channel should be removed” from the service, Roku spokesman Eric Savitz said in a statement that was reported by the New York Times. Apple, Spotify and Facebook have banned Jones, left, from hosting his content on their sites.
Other number of the day $4 billion
That’s how much CNBC reported Niantic is worth after the San Francisco augmented reality developer raised a fresh $245 million in funding led by venture capital firm IVP. The maker of “Pokémon Go” previously had gotten funding from companies like Google and Nintendo.
Credit plans didn’t ring true
Officials say some jewelers had credit policies that didn’t exactly sparkle. New York Attorney General Letitia James and the Consumer Financial Protection Bureau announced Wednesday an $11 million settlement with Sterling Jewelers, including such brands as Kay Jewelers and Jared the Galleria of Jewelry. It resolves claims that consumers were signed up for store credit cards and enrolled in credit insurance without their knowledge or consent. Daily Briefing is compiled from San Francisco Chronicle staff and news services. For more items and links, subscribe to the Tech Chronicle newsletter at www.sfchronicle.com/newsletters. Twitter: @techchronicle