CompaniesBIO

S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. The Washington Post reported on Thursday that the Tesla CEO told some potential investors that he would slash nearly three-quarters of Twitter's workforce in his deal to buy the company. Bloomberg reported that the Biden administration is weighing whether it should subject some of Musk's ventures to national security reviews. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat anal...

Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices on some equipment and closing a number of retail stores. Illumina — The gene-sequencing technology company dropped more than 9% after reporting lower- than-expected second-quarter profit and revenue. Illumina also issued an outlook that fell short of analyst estimates . New York Times — Shares of the newspaper fell 3%, retreating from a near 11% rally in the previous session. Thursday's rally came after activist investor ValueAct Capital took a 6.7% stake, pushing the publisher to charge more for subscriber-only content. Toast — Shares of the payment tech company jumped more than 12% after it raised its earnings outlook for the year. The company als...