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Snap Inc.

Snap issues cautious guidance as Perplexity deal ends, Middle East ‘geopolitical situation’ causes uncertainty

Snap issues cautious guidance as Perplexity deal ends, Middle East ‘geopolitical situation’ causes uncertainty

Suhas04 mins

Evan Spiegel, co-founder and chief govt officer of Snap Inc., in the course of the Axios Media Trends Live occasion in New York, US, on Thursday, Sept. 18, 2025. Michael Nagle | Bloomberg | Getty Images Snap dropped shares about 4% in prolonged buying and selling after the corporate reported first-quarter earnings on Wednesday and…

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Coinbase didn’t just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down

Coinbase didn’t just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down

Suhas04 mins

Coinbase CEO Brian Armstrong is adapting the corporate for the AI ​​age, reducing 14% of staff and reimagining its org chart to carry the corporate again to its startup roots. Armstrong mentioned the layoffs, which might have an effect on just underneath 700 staff primarily based on Coinbase’s last employee count, are partly due to…

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