Snap will lay off 20% of personnel, report suggests

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference devoted to innovation and startups, at the Porte de Versailles exhibition centre in Paris, France June 17, 2022.

Benoit Tessier | Reuters

Snap is laying off 20% of its workforce, which equates to about 1,000 workers, according to a report released Tuesday by the Verge.

The firm’s shares were down just about 3% in immediately after-several hours trading.

This is breaking information. Remember to verify back again for updates.

Resource

World

Polymarket removes wagers on U.S. service member rescue mission in Iran

April 4, 2026

Samuel Boivin | Nurphoto | Getty Images Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. Rep. Seth Moulton, D-Mass., decried the Polymarket page that allowed users to bet on which day the U.S. would confirm the rescue of […]

World

These are Bank of America’s top picks for the second quarter after a tough start to 2026

April 4, 2026

As the second quarter kicks off, Bank of America believes that stocks such as Meta Platforms and Spotify are positioned to outperform. The first quarter was marked with macroeconomic uncertainty and geopolitical volatility, characterized by ramping tensions in the Middle East. The S & P 500 jumped to begin April’s trading and the second quarter, […]

World

Nike is the most oversold stock on Wall Street after a wild week of trading

April 4, 2026

The Dow Jones Industrial Average declined Thursday as investors heeded President Donald Trump ‘s warning that the Iran war could last for several more weeks and as oil prices surged . Against that backdrop, certain names fell very far over the week. The market downturn put some stocks across the real estate, consumer staples, health […]