Snap shares drop 30% after company's revenue miss and weak guidance – CNBC
Snap is coming off its worst day on the market since its 2017 debut. The company’s two biggest one-day declines were a 43% drop in May 2022 and a 39% plunge two months later. Snap reported revenue of $1.36 billion for the quarter, slightly below analysts’ expectations of $1.38 billion, according to LSEG (formerly Refinitiv). […]
Snap to Lay off 10% of Global Workforce to ‘Promote In-Person Collaboration’
Snap, the maker of the social media platform Snapchat, announced it would lay off 10 percent of its global workforce, or about 500 people, to “facilitate in-person collaboration.” According to one source, the company will lay off 20% of its workforce in 2022, and a small number of employees in its product division in November, […]
Stocks making the biggest moves midday: Nvidia, Boeing, Snap, Tyson Foods and more – CNBC
Check out the companies that are trending in intraday trading. Nvidia — The chipmaker rose 4% to a record high after Goldman Sachs raised its price target to $800 per share from $625. Catalent , Novo Nordisk — The contract drug maker rose about 10% on the back of an agreement to be acquired by […]
Snap laying off more than 500 employees
Snapchat’s parent company, Snap, said in a regulatory filing on Monday that it plans to lay off more than 500 employees. The company said in a filing with the Securities and Exchange Commission (SEC) that it will reduce its workforce by approximately 10% worldwide. This equates to approximately 540 employees, based on Snap’s latest employee […]
Snap lays off 10% of workforce in tech sector bloodbath
Snap announced Monday that it would lay off 10% of its workforce, adding to the debacle that has continued among U.S. tech giants since the beginning of the year. Snap said it expects to incur pre-tax charges “in the range of $55 million to $75 million” as a result of the cuts. The costs “primarily […]
Seton Hall rolls to dominant road win to snap three-game skid
Dre Davis had 16 points and 12 rebounds to lead Seton Hall to a much-needed 72-39 victory over DePaul in Chicago on Tuesday night. Davis added three steals for the Pirates (14-8, 7-4 Big East Conference), who ended a three-game losing streak that included two games in which star forward Cadary Richmond missed. Isaiah Coleman […]
SNAP to it, Congress — we need to address the obesity crisis now
The United States has seen historic increases in obesity rates among adults in recent decades. Official government statistics as of 2020 show Obesity afflicts 42 percent of Americans. 1 in 5 people The kids. Obesity disproportionately affects low-income people, who are often dependent on federal assistance. Congress can combat the obesity epidemic by reforming federal […]