Snapchat parent lays off 18 as it plans for slower growth [USA TODAY]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: USA TODAY
(Photo: Snap) LOS ANGELES — Some 18 employees were let go from Snap, Inc.'s recruiting division this week. Snap, Inc. is the parent company for the wildly popular Snapchat app. A company representative confirmed the layoffs to USA TODAY, but wouldn't offer additional details. Business Insider , citing an internal e-mail it got access to, says Snap is planning to hire fewer new employees in 2018. Snap ( SNAP ) went public in March with a $3 billion IPO, opening at $17 a share, and closing the day at $24.48, but the stock dropped sharply in the following months. The bottom came in August, when it closed at $11.83, but it has since started climbing, closing Thursday at $15.50 a share. Snap has been in a heated battle with Facebook, which has cloned many of Snap's popular photo sharing features and put them into Facebook, as well as the Instagram and WhatsApp Messenger apps, both of which are owned by Facebook. In June, Instagram said it had 250 million
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SNAP
News
- Insider Today: Hair transplants in Istanbul [Business Insider]Business Insider
- Snap (SNAP) Just Flashed Golden Cross Signal: Do You Buy? [Yahoo! Finance]Yahoo! Finance
- Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030 [Yahoo! Finance]Yahoo! Finance
- Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030Business Wire
- I followed Snap Inc. CEO Evan Spiegel's morning routine for a week. I finally understand the appeal of waking up early. [Business Insider]Business Insider
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 5/13/24 - Form 8-K
- 5/10/24 - Form 4
- 5/2/24 - Form 4
- SNAP's page on the SEC website