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The Latest Breaking News from SNAP

Is Snapchat a Good Stock to Buy Under $12?

Social media firm Snap (SNAP) sees significant growth opportunities ahead. However, given the company’s bleak bottom line and negative ROE, is SNAP a buy under $12? Let’s find out….

StockNews.com

3 Stocks to Avoid Even Though They're Ultra Popular on Wall Street

With the Federal Reserve’s hawkish stance to fight sky-high inflation and increasing odds of recession, fundamentally weak stocks may struggle to stay afloat in the near term. Thus, we think shares of NVIDIA (NVDA), Snap (SNAP), and Avaya Holdings (AVYA), even though they are ultra-popular on Wall Street, could be…

StockNews.com

New Zealand child abuse survivors call for intervention from Pope Francis

A New Zealand group representing survivors of child sexual abuse in the Catholic Church has called on Pope Francis to intervene in the redress process, claiming that church authorities were mishandling it and retraumatising victims.

Reuters

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2 Stocks Pointing to More Drops Than Pops

Since interest rate increases and consequent market volatility look all set to persist, the near-term outlook seems bleak for fundamentally weak companies such as Rivian (RIVN) and Snap (SNAP). Let’s take a closer look at their plight. Read on….

StockNews.com

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

Cryptocurrency News & Price Wrap-Up For Sept. 2, 2022

It's been a busy week, from Ethereum and Bitcoin price action to Crypto.com backing out of its $495 million UEFA Champions League sponsorship, Snap (SNAP) scrapping its web3 team and analysts' latest views on Coinbase (COIN). Scroll down to catch up on all things crypto with IBD's weekly cryptocurrency news…

Investors Business Daily

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

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StockNews.com

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…

Investors Business Daily

Dow Jones Posts Monthly Decline As Losses Deepen Into Close; Snap Stock Pops On Staff Cuts

The Dow Jones closed August with a loss after July's strong gains. Snap jumped 8% after it said it would slash 20% of its workforce.

The Philadelphia Inquirer

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 Guardian - UK

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

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WEKU

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.

Investors Business Daily

Dow Jones Below Key Level; Meme Roller Coaster Not Over; Meta, Netflix Gap Up

Innovator IBD 50 ETF was down 0.6% as CF Industries triggered a sell signal.

Benzinga

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.

Investors Business Daily

Snap Stock Surges As Company Slashes 20% Of Its Workforce

Snap stock jumped Wednesday as the social media company said it would slash 20% of its more than 6,000-person workforce.

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.

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