Skip to main content

Posts

Showing posts from August, 2022

Are Trump’s Passports the FBI’s Smoking Gun?

DOJ's latest filing suggests the proximity of Trump's personal identification to top secret government documents could prove the former president is personally culpable. Manage newsletters View in browser   Advertisement   Are Trump's Passports the FBI's Smoking Gun? By Barbara McQuade DOJ's latest filing suggests the proximity of Trump's personal identification to top secret government documents could prove the former president is personally culpable.   Putin Cronies Threaten 'Hundreds' of U.S. Coffins on Live TV By Julia Davis Moscow's mouthpieces are now resorting to direct threats of terrorism against Americans as a way to "force" the U.S. to rethink its position on Vladimir Putin's war.   'White Noise' Is One Dark, Messy Satire of America By Marlow Stern Premiering at the Venice Film Festival, Noah Baumbach's adaptation of Don DeLillo's novel stars Adam Driver and Greta Gerwig as a coup...

Snap lays off 20% of staff / California passes new social media bill / Exxon threatens to sue Russia

Plus, Gopuff seeks $300M credit line. Inside.com Part of   Network August 31, 2022 Presented by Snap Inc., the parent of social media platform Snapchat, is laying off 20% of its staff, or about 1,280 people. The company is also halting several projects as it aims to cut costs. Snap said it has about 8% revenue growth so far this year, well below its forecast for the year. More: In a memo sent to employees on Wednesday, CEO Evan Spiegel said the company must face the consequences of lower revenue growth and adapt to the market environment. Snapchat’s business model primarily relies on digital advertising. Teams expected to see cuts include Zenly, Snap’s social mapping app, and Snap’s hardware division, which is building the company’s AR glasses. Snap shares were up ~9% by afternoon trading on Wednesday. The company is down over 75% YTD. ...