SNAP

Snap, the parent company of the popular Snapchat social media app, recently reported disappointing fourth-quarter earnings due to ongoing issues with digital ads. The company also forecasted a drop in revenue of up to 10 percent for the upcoming quarter.

Speaking at the Code Conference in Los Angeles, Snap CEO Evan Spiegel gave his thoughts on how China-owned TikTok has dominated the online video market in such a short space of time. Spiegel explained how Communist China has overpowered social media through seemingly unlimited spending, saying: “What nobody had anticipated in the United States was the level of investment that ByteDance made into the U.S. market, and of course in Europe, because it was just something that was unimaginable — no startup could afford to invest billions and billions and billions of dollars in user acquisition like that around the world.”

Social media giant Snap reportedly made an “error” that gave leading Democratic campaigns and party committees access to a huge repository of Republican voter data, allowing them to tailor their midterm ads.

Snap, the company behind social media platform Snapchat, is laying off approximately 20 percent of its more than 6,400 employees, according to sources.

Outages were reported on Sunday by participants in the Supplemental Nutrition Assistance Program (SNAP) who were unable to use their electronic benefits transfer (EBT) cards to buy groceries at stores in some states.

Snapchat’s parent company Snap is reportedly in the early stages of planning layoffs, according to two sources.

Snap, the parent company of social media platform Snapchat, suffered a 36 percent drop in share price in intraday trading on Friday following the release of the company’s poor second-quarter results and the announcement of plans to slow hiring. The Silicon Valley company has lost almost two-thirds of its market value in 2022.

In a recent interview, Snap CEO Evan Spiegel criticized Mark Zuckerberg’s Metaverse as “ambiguous and hypothetical.” According to Spiegel, “people really enjoy spending time together in reality.”

On Wednesday’s broadcast of CNN’s “New Day,” Agriculture Secretary Tom Vilsack stated that the Biden administration is “trying to help people deal with the consequences of rising prices, whether it’s increasing the SNAP benefit or whether it’s making sure that the child tax credit is available to folks or whether it’s rebuilding the infrastructure of this economy” to fix supply chain issues.

The Biden administration is permanently increasing food stamps, or SNAP, by 25 percent for some 45M recipients.

The Biden administration will announce on Monday the introduction of a taxpayer-funded summer food program that would feed an estimated 30 million low-income Americans.

Vice President Kamala Harris’s husband, Douglas Emhoff, made his first official appearance as second gentleman in northeast Washington, DC, on Thursday to put a spotlight on “food insecurity,” a phenomenon taking place just miles away from the couple’s luxurious vice presidential residence.

The FTC has ordered nine of the largest technology companies in the world to disclose data about their operations and business practices. Amazon, Facebook, Reddit, Snap, Twitter, and Google parent company Alphabet are amongst the companies at the center of the FTC’s investigation.

Michigan residents with two or more felony drug convictions on their record could no longer face a lifetime ban from receiving food stamps through the Supplemental Nutrition Assistance Program (SNAP).

An additional 5.9 million people in the United States are on food stamps since the coronavirus pandemic began in March 2020, according to the latest data from the USDA.

Payment errors for the Supplemental Nutrition Assistance Program (SNAP) cost U.S. taxpayers over $4 billion in 2019.

Wealthy American corporations are using their money to signal they support the protests taking place across the country in the wake of a black man’s death at the hands of police in Minneapolis on Memorial Day.

The National Restaurant Association reported that the U.S. restaurant industry will suffer $80 billion in revenue losses by month’s end.

Democrat Stacey Abrams teamed up with former 2020 Democrat presidential candidate Andrew Yang on Tuesday to promote a program that would provide $1,000 each in direct cash payments to 100,000 families receiving Supplemental Nutrition Assistance Program (SNAP) benefits.

Amazon announced this week that it has been approved by the Department of Agriculture to accept food stamp benefits in seven states. The announcement comes at the same time as Amazon’s stock is soaring — last week the stock jumped more than five percent in one day, increasing CEO Jeff Bezos’ net worth by $6.4 billion in a single day. 

Why not use this crisis as a way to attack both immigration enforcement and recent actions by the Trump administration to ensure that immigrants demonstrate self-sufficiency and not rely on public welfare programs?

The court has set an August 10 trial date for a Louisiana man accused of committing a $1.2 million food stamp fraud operation with two others.

An Obama-appointed federal judge blocked a Trump administration rule that would have tightened work requirements for food stamps, citing the coronavirus pandemic as the reason she made her decision.

Forty-four people in Pennsylvania were charged with welfare fraud throughout the month of January, according to Pennsylvania’s Office of the State Inspector General (OSIG).

Two former Somali specialty market owners in Columbus, Ohio, are facing more than $10 million in food stamp fraud charges, authorities say.

Approximately 6.1 million individuals dropped off the food stamp rolls since President Donald Trump’s first full month in office in February 2017, according to the latest data from the U.S. Department of Agriculture (USDA).

Rep. Katie Porter (D-CA) raged over requiring welfare applicants to fill out multiple forms during a House Oversight hearing on Thursday and questioned the impact the practice has on eligibility.

Fact check – CLAIM: President Donald Trump used his State of the Union address to “brag” about “taking away food stamps.” VERDICT: FALSE. Trump boasted about economic growth and job opportunities for the poor.

Pennsylvania’s Office of the State Inspector General (OSIG) announced Tuesday that it had filed charges against 45 people for committing welfare fraud in the state in December 2019.

More than 2.4 million households discontinued their participation in the nation’s food stamp program since President Donald Trump’s first full month in office in 2017, according to the latest U.S. Department of Agriculture (USDA) data.

A Louisiana man accused of running a food stamp fraud scheme in June 2019 was cleared of all charges on Monday.

The operators of a Rochester, New York, deli pleaded guilty to a $154,000 food stamp fraud scheme, officials say.

The year 2019 brought a lot of changes to the way food stamps are distributed at the state and federal levels, all to prevent fraud and overdependency.

The Trump administration has attempted to keep people from relying on food stamps, but nine cases of fraud stand out as the biggest of 2019.

Two Kentucky market owners have been accused of running a $2 million food stamp fraud scheme between October 2010 and December 2015, according to a Thursday indictment.

More than 5.9 million individuals dropped off food stamps since President Donald Trump assumed office in February 2017, according to the latest data released by the U.S. Department of Agriculture (USDA).