Company to cut 10% or around 500 employees

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024.  Nathan Howard | Reuters Social media company Snap said Monday that it will lay off 10% of its global workforce, or around 500 employees, in part … Read more

Zuckerberg Just Had the Most Humiliating Day of His Life, But His Hair Looked Great

In 2018, Mark Zuckerberg waltzed into the halls of Congress for the most high-profile moment of his career. He was pale and glass-eyed, his tie wrapped loosely around his neck, and his hair cropped high and thin in a bizarre homage to Augustus Caesar. His speech was practiced and robotic, and while his performance made … Read more

Snap earnings Q3 2023

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris on June 17, 2022. Benoit Tessier | Reuters Snap shares initially soared as much as 20% in after-hours trading as the company beat on the top and bottom … Read more

Russell 2000’s best day since July is good for markets

A Charles Schwab location in New York, US, on Friday, July 7, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more