lays

Snap has become the latest tech company to announce sweeping layoffs. Loading audio narration… In a memo to employees released in a regulatory filing on Wednesday, CEO Evan Spiegel said Snap would cut 1,000 employees, about 16% of its global workforce, citing “rapid advancements” in AI and “small squads” using…

The AI boom has catapulted tech stocks to historic highs, with many trading at punchy valuations. They’re even more expensive than they appear, Michael Burry says. Loading audio narration… The investor of “The Big Short” fame explained why he thinks this in a detailed Substack post this week, which he…