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The Latest Breaking News from SNAP

2 Stocks to Sell Before They Bleed More Cash

The benchmark indexes witnessed a freefall this year amid deteriorating investors’ sentiments. Therefore, amid widespread recession concerns and a poor global economic growth outlook, we advise our investors to avoid already hard-hit and fundamentally weak stocks Snap (SNAP) and Pineapple Energy (PEGY). Read more.

StockNews.com

1 Stock You Shouldn't Be Snapping up Shares of Anytime Soon

Snap Inc. (SNAP) has found it tough to get going this year as it faced falling advertising spending, rising competition, and several other macroeconomic headwinds. Despite its poor financials and low profitability, the stock trades at a premium to its peers. Therefore, SNAP could be best avoided now. Read more….

StockNews.com

The US struggle to pay for food: ‘No matter how well you budget, you will run out of something’

Why have some US states opted out of nearly $4bn in emergency funds that would have helped their poorest residents?

The Guardian - US

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From immigration support to free office furniture: How severance packages for laid-off tech employees compare

An inside look at how severance packages at tech companies like Microsoft, Netflix, and Lyft stack up.

Fortune

Baltimore’s Catholic archdiocese ‘does not object’ to release of report detailing sexual abuse, so long as it is accurate

The Roman Catholic Archdiocese of Baltimore does not oppose the Maryland Attorney General’s Office’s efforts to make public a report detailing sexual abuse and torture committed by area priests and laypeople over 80 years, so long as it is accurate, a spokesperson for the church said Friday.

Tribune News Service

Snap and 3 Other Internet Stocks to Sell Now

Although inflation eased slightly last month, the Fed has indicated a higher-than-expected final level of interest rates. This is expected to keep the high-growth Internet stocks under pressure in the upcoming months. Thus, it could be wise to sell fundamentally weak internet stocks Snap (SNAP), IAC Inc. (IAC), Zhihu (ZH),…

StockNews.com

Abuse survivors rally in Baltimore to demand action by newly elected US Catholic bishops president

BALTIMORE — After the more than 270 members of the U.S. Conference of Catholic Bishops elected their new president in Baltimore, some observers of the nation’s most powerful Catholic body hailed the choice of Archbishop Timothy P. Broglio as a healthy compromise between the conservative and progressive factions that have…

Tribune News Service

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It's the end of the boom times in tech, as layoffs keep mounting

Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.

WEKU

What do Twitter and Meta firings mean for social media?

Staff layoffs may seem remote, but they could impact your social media experience.

Evening Standard

3 ways to tell if you're about to be laid off

Worried about a recession or layoffs? Experts suggest taking these steps to know if your company is next on the chopping block.

Fortune

‘I craved a bite-size experience’: Ben Brode on the making of Marvel Snap

The game developer talks about how the hit smartphone card game is a brand new take on deck-builders – and why one simple quirk makes it irresistible

The Guardian - UK

This Is What Whales Are Betting On Snap

Someone with a lot of money to spend has taken a bearish stance on Snap (NYSE:SNAP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

This former Twitter exec could be Elon Musk’s pick to be the company’s CEO

Sriram Krishnan is among a group of special advisers helping Elon Musk navigate his Twitter takeover. Some observers think Krishnan, who once worked at Twitter himself, could be a shoo-in for the CEO job.

Fortune

The 4 Scariest Stocks You Could Own in 2022

Once again, recessionary concerns have been triggered by the jumbo rate hike the Fed dished out this week. Hence, fundamentally weak stocks Snap (SNAP), Coinbase Global (COIN), Peloton Interactive (PTON), and Riot Blockchain (RIOT) might be best avoided this year. Continue reading to find out why….

StockNews.com

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news in one place.

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Bangkok Post

Musk Hints at $8 a Month for Verified Twitter Accounts

Elon Musk is looking to quickly boost Twitter Inc.'s revenue by embracing subscriptions, aiming to make the social-media company less dependent on digital ads as Madison Avenue signals a cautious stance toward the site after the billionaire's takeover.

StockNews.com

The 3 Worst Internet Stocks to Buy in This Market

Following the pandemic-induced disruptions, the importance of the Internet and the companies offering their services over the Internet has grown exponentially. However, not all companies in the internet industry have shown resilience amid the macroeconomic challenges this year. Investors should steer clear of fundamentally weak internet stocks Snap (SNAP), ContextLogic…

StockNews.com

Don't Count on a Comeback for Snap Stock

Snap Inc. (SNAP) has fallen more than 78% year-to-date as it battles major headwinds such as reduced advertising spending, rising competition, etc. Moreover, despite lower-than-industry profitability, the stock trades at a premium to its peers. Therefore, investors should not yet invest in the stock, hoping for a turnaround. Read more….

Benzinga

Check Out What Whales Are Doing With SNAP

Someone with a lot of money to spend has taken a bullish stance on Snap (NYSE:SNAP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Get all your
news in one place.

100’s of premium titles.
One news app.

StockNews.com

2 Risky Stocks to Avoid During Q3 Earnings Season

Since various headwinds, including high inflation and interest rate hikes, are expected to impact technology earnings in the third quarter significantly, investors are advised to steer clear of shares of struggling tech companies AMD (AMD) and Snap (SNAP). Read on….

Benzinga

Pinterest Only Social Media Asset Likely To See Double-Digit Revenue Growth, Margin Expansion In 2023, Says Analyst; How Minnow Outdid Bigger Rivals In Q3

After all the tech bloodbath, it was a refreshing sight to see a social media stock rally hard following its quarterly results.

Benzinga

Oh MAMAA! Apple, Microsoft And 3 More Of The Largest Companies In Jim Cramer's FAANG Replacement Are Reporting This Week

Five of the largest technology companies in the world by market capitalization will report quarterly earnings this week.

Benzinga

This Is What Whales Are Betting On Snap

The National (Scotland)

Scottish Tory MP claims General Election is not in 'national interest'

A SNAP General Election would not be in the national interest, a Scottish Tory MP has said.

Benzinga

7 Snap Analysts On Q3 Sales Miss: 'Meaningful Competition From TikTok'

Snap Inc (NYSE: SNAP) shares traded lower by 30% on Friday after the company disappointed Wall Street with its third-quarter numbers.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For October 21, 2022

Upgrades

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Dipanjan BanchurSince

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