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Stock impact report

Facebook, Yelp clash with California homeowners over plan to dramatically boost development [Los Angeles Times (CA)]

Snap Inc. Class A (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
Facebook, Yelp clash with California homeowners over plan to dramatically boost development California is bracing for a high-profile fight over the state's housing crisis. And the clash is pitting Silicon Valley technology executives, who want to cut regulations that make it hard to build multi-story apartment buildings, against existing homeowners and affordable housing advocates. The housing crunch, particularly acute in Bay Area cities such as San Francisco and San Jose, is a problem that the tech industry helped create by attracting well-paid new workers who can outbid longtime residents. That, combined with zoning restrictions, has helped to push up housing prices to the highest in the nation, with a median price of $1.3 million in San Jose, according to the National Association of Realtors. Los Angeles, home to Snap Inc., is in similar straits. At the same time, the technology sector is frustrated with the limited housing supply and high prices in its home state that make it dif Show less Read more
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