glimmero
2022-09-09

I wanted to get your thoughts on somebody that had happened a little bit earlier in the week, Snap announced it's laying off 20 percent of staff as part of what appears to be a major restructuring. Snap says they're going to be focused on three areas, user growth, revenue growth, and augmented reality and as part of that, they are discontinuing several initiatives including their photo-taking drone and original programming and games. The stock, which has been crushed over the past year, popped about 10 percent.$Snap Inc(SNAP)$

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