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The Latest Breaking News from SNAP

Group urges feds to investigate Snapchat over fentanyl sales

As the U.S. deals with its deadliest overdose crisis to date, a national crime-prevention group is calling on the Justice Department to clamp down on social media’s role in the spread of fentanyl, the drug largely driving a troubling spike in overdose deaths among teenagers

The Independent UK

'I get benefits to help buy food - now my neighbour demands I shop for her too'

A single mum who receives benefits to help feed herself and her child has been left furious at her neighbour after she began demanding she fund her food shopping too

Daily Mirror

SRMG's Rashid, Snap’s Spiegel Discuss Means to Support Content Creation

Chief Executive Officer at Saudi Research and Media Group (SRMG) Jomana al-Rashid held talks on Monday with Snap Chat co-founder and CEO Evan Spiegel. Both sides discussed the role of media companies in supporting the content creation industry. Rahid said in a tweet that the meeting touched on the changes…

Asharq Al-Awsat

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Badlands at 50: Why it’s still a killer film

Terrence Malick’s debut was shot half a century ago, but, says Geoffrey Macnab, it remains such a disarming film because it’s light-spirited and playful when you least expect it

The Independent UK

Australia accuses Apple, Microsoft of overlooking child sex abuse

Internet safety watchdog says tech giants should automatically scan for child exploitation material on their services.

Al Jazeera

The harms of ultra processed foods

"In general, it would be preferred to purchase foods with five ingredients or less in them."

Salon

Concern as US media hit with wave of layoffs amid rise of disinformation

Wider economic uncertainty is behind cuts at companies including CNN, BuzzFeed and Gannett, executives say

The Guardian - US

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Store front is turned into giant AR arcade machine for Christmas

Throughout December, physical ‘JD Arcades’ will be rolled out via a retail tour

Wales Online

Snap orders workers back to the office 4 days a week in new 'default together' policy

“We’ve forgotten what we’ve lost—and what we could gain—by spending more time together,” wrote CEO Evan Spiegel.

Fortune

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

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

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StockNews.com

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),…

Tribune News Service

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…

WEKU

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.

Evening Standard

What do Twitter and Meta firings mean for social media?

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

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news in one place.

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Fortune

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.

The Guardian - UK

‘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

Benzinga

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.

Fortune

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.

StockNews.com

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….

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…

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Dipanjan BanchurSince

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