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The Latest Breaking News from SNAP

Snap chops nearly 500 California jobs, more than 80 in Bay Area

PALO ALTO, California — Snap has decided to chop nearly 500 jobs in California, including scores of layoffs in the Bay Area, a brutal round of cost-cutting ushered in by a string of setbacks in the financial results for the Snapchat owner.

Tribune News Service

Snapchat removes Māori tattoo filters after outcry

A number of filters under names like ‘Māori Mask’ were discovered on the platform

Evening Standard

Snap blunder steers Dem and GOP voter data to the opposition

Political advertisers can target their ads to highly specific user segments on Snap and other platforms.

Axios

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3 Falling Stock to Think About Selling Short Right Now

Worries about sky-high inflation, the Federal Reserve’s hawkish stance, and recession prospects have spurred market sell-off lately. Moreover, investors expect increased market volatility as analysts cut down their earnings estimates. Given the uncertain market conditions, fundamentally weak and losing stocks Snap (SNAP), Allegiant Travel (ALGT), and Cardiff Oncology (CRDF) could…

StockNews.com

Snapchat removes Māori face tattoo filters after outcry in New Zealand

The filters, which also appeared on Instagram, had prompted questions over the treatment of sacred cultural artefacts on tech platforms

The Guardian - AU

2 Vulnerable Social Media Stocks to Get Rid of Now

U.S social media ad sales have cooled since last year due to the inflationary backdrop. Moreover, with ad spending expected to slow down next year, we think the social media stocks Twitter (TWTR) and Snap (SNAP) might be avoided now. Read more….

StockNews.com

Bulls and Bears Of The Week: Disney, Amazon, Uber, Apple And Why Netflix Is Facing A Defamation Suit

Benzinga has examined the prospects for many investors' favorite stocks over the past week, here's a look at some of our top stories.

Benzinga

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After a golden era at Snap and other tech firms, it's back to reality for workers

A year into the pandemic, Evan Spiegel was flying high. The chief executive of Snap said annual revenue growth of 50% or more was a "steady state opportunity" for the social media company, requiring no additional gains in audience or innovation.

Los Angeles Times

Top Financial Stories Friday, September 2: GM's Cruise Recalls Some Robotaxis Over Software Glitch, Chinese Tech Giant Suffers $43M Impairment Loss On Bitcoin and Ethereum Holdings And More..

Wall Street Journal

Benzinga

4 Stocks Hedge Funds Are Selling Right Now

The Federal Reserve’s hawkish stance is expected to keep the markets volatile and might significantly affect the interest-rate-sensitive tech industry. Amid the uncertain market environment, hedge funds have been selling shares of Shopify (SHOP), Nu Holdings (NU), Snap (SNAP), and Farfetch (FTCH). Given these companies' weak financials and bleak growth…

StockNews.com

Getting SNAP shoppers online is a win for food security and superstores. For corner stores and bodegas, not so much

The push for recipients of Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps, to shop online has been hailed by anti-hunger activists as a win-win solution to food insecurity. Locally, one out of every 10 households lacks access to affordable, healthy food on a consistent basis.

The Philadelphia Inquirer

Snapchat firm cuts 1,300 staff in face of advertising downturn

Snap to focus on its core messaging product as it reports revenue growth well below expectations

The Guardian - UK

The U.S. diet is deadly. Here are 7 ideas to get Americans eating healthier

The way many Americans eat is fueling chronic disease. Here are seven big ideas from the White House's upcoming nutrition conference for how to improve Americans' diets.

WEKU

5 Snap Analysts React To Restructuring Plan: 'Attractive Opportunity For Long-Term Holders'

Snap Inc (NYSE: SNAP) shares traded higher by 15% on Wednesday after the social media giant disclosed in a new filing that it will be restructuring its business and laying off 20% of its staff.

Benzinga

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Benzinga

It's Month End. What's Priced In?

Good Morning Everyone! Remember, as bad as things may seem, history is on our side. The average midterm year – like this one – is typically down as of October 5. It finishes, however, up 6% on average.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 31, 2022

Upgrades

Axios

Major Snap restructuring to include 20% layoffs, product pullbacks

Snap has lost nearly 80% of its market value since the beginning of the year.

ABC News

Australia's e-safety commissioner issues legal notices to Apple, Meta and Microsoft

Australian authorities issue Apple, Meta, Microsoft, Snap and Omegle with legal notices.

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Input

Snapchat's inevitable BeReal clone is rolling out today

Dual Camera is exactly what it sounds like — and you can use it any time you want.

StockNews.com

Micro-Cap Stock Adds Marketing Support for Snapchat, Should You Buy?

Micro-cap Marin Software (MRIN) recently joined hands with Snap (SNAP) to boost the company’s marketing strategy. MRIN has witnessed significant gains this year. However, given its bleak bottom-line position, will the stock be a good addition to your portfolio now? Let’s find out….

StockNews.com

1 Internet Stock to Avoid Now, and 4 to Consider Loading up On

Increasing number of internet users and the rapid digitization of day-to-day activities are boosting the internet industry’s growth. Hence we think internet stocks Expedia Group (EXPE), trivago (TRVG), Yelp (YELP), and Data Storage Corporation (DTST) might be ideal investments. However, macroeconomic headwinds have been troubling the tech industry, and Snap…

Input

Snap's Illinois privacy lawsuit settlement could net residents some cash

The lawsuit alleges that Snapchat's filters violated Illinois' Biometric Information Privacy Act.

Chicago Tribune

Snapchat parent reaches $35 million biometric privacy class-action settlement in Illinois

Illinois residents who use Snapchat may be eligible for payouts of between $58 and $117 in a class-action privacy settlement reached this month by the app’s parent company, Snap Inc.

StockNews.com

1 Stock to Take off Your Watchlist if You Haven't Already

Shares of the camera and social media company Snap Inc. (SNAP) have plunged 73.3% year-to-date due to the broader tech sell-off and the company’s weak operating performance. Given the company’s lower-than-industry profitability, the stock still looks overvalued at the current price level and might lose further. So, it could be…

Benzinga

Benzinga Before The Bell: Tesla's Autopilot Attracts Regulatory Ire Again, Roblox Poaches Meta Official, Snap Cancels Drone Project And Other Top Financial Stories Friday, August 19

Reuters Pilot Strike, Delayed Aircraft Delivery Force SAS To Cancel 1,700 Flights

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