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HISTORICAL FACTS: 56 | History Defined

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

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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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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

Benzinga

Major Snap restructuring to include 20% layoffs, product pullbacks

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

Axios

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.

ABC News

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.

Input

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…

StockNews.com

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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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StockNews.com

3 Overrated Stocks to Avoid This Fall

Though inflation has declined slightly from the multi-decade high level, the Federal Reserve’s intention to keep raising interest rates until price increases return to its target level could keep the stock market under pressure in the near term. Therefore, we think it could be wise to avoid fundamentally weak stocks…

Benzinga

Insiders Selling Bed Bath & Beyond And 3 Other Stocks

U.S. stock futures traded lower this morning on Friday after closing slightly higher in the previous session. Investors, meanwhile, focused on some notable insider trades.

Daily Record

East Kilbride community venue set for £185,000 facelift after grant award

The Kirktonholme pavilion, home to EKYM and EKYC, will be upgraded

Evening Standard

From Aitch to Mikes and Krept: 10 of the best Snapchatters to follow in the UK

Whether you’re looking for fashion advice, behind-the-scenes peeks or just some down-to-earth lolz, there’s a Snap Star to follow for everyone (if you’re Gen Z, that is)

Input

Carhartt’s workwear is coming to Snapchat and Bitmoji

Iconic Carhartt styles, including its Detroit Jacket, will soon be available for Bitmoji avatars to wear.

Evening Standard

What is Snapchat+, how much does it cost, and what does it include?

Everything you need to know about Snapchat+ and its new features

Orlando Sentinel

Orlando Museum of Art’s Basquiat scandal raises issue of trust: ‘Hurting all of us’

ORLANDO, Fla. -- On a recent visit to Orlando Museum of Art, the gallery where purported Jean-Michel Basquiat paintings once hung, was dark. It’s a rare quiet spot amid the hustle and bustle of Orlando’s vibrant art scene — with Snap! opening a new show celebrating Florida photographers, the new…

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