Opening Bell: May 2, 2018

Apple and Snap reported earnings with wildly different results. Apple beat expectations on earnings and revenue, bolstered by strong iPhone sales, international growth, and an increase in wearables. The iPhone X was Apple's best-selling phone last quarter, putting rumors to rest that it would discontinue the phone. On the other hand, Snap had a pretty disappointing quarter, missing Wall Street estimates on revenue and user growth. The unpopular redesign to the Snapchat app likely contributed to slower than expected daily active user growth. Facebook's F8 developer conference is underway in San Jose, California. Cheddar's Alex Heath sat down with Ime Archibong, Facebook's VP of Partnerships, at the conference to discuss how the company is changing its data practices in the wake of the Cambridge Analytica scandal.
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