Snap announced its laying off 20 % of staff as part of what appears to be a major re structuri snap says they're going to be focused on three areas, usure growth, revenue growth and augmented reality. As part of that, they are discontinuing several initiatives, including their photo taking drone and original programming nd games. This is a business you and i have talked about since before it went public. What did you make of these announcements? Well, i i think it's a good move. I mean, it just maybe the low hanging fruit has been picked.
When it comes to the stock market, the 1st day of September is looking an awful lot like the entire month of August. (0:25) Jason Moser discusses: - Okta shares falling 30% as the company deals with ongoing challenges integrating its acquisition of former rival Auth0 - Snap's restructuring plans, layoffs, and increased focus on revenue growth, user growth, and augmented reality - Five Below's stock getting a boost from optimism for the discount retailer's plans for the holidays Host: Chris Hill Guest: Jason Moser Engineer: Rick Engdahl
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