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Snap to Cut 16% of Its Workforce; Broadcom Gains; Robinhood Rises on SEC Day-Trading Limits Removal
Published 2 weeks, 3 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Snap (SNAP) is laying off roughly 1,000 full-time employees, or 16% of its global workforce, as part of an effort by Chief Executive Officer Evan Spiegel to reduce costs and achieve profitability.
- Broadcom (AVGO) shares rise after the technology company expanded its partnership with Meta to deploy AI infrastructure. Shares in the Facebook parent edge higher, up 0.3%.
- Exchange stocks are rising in premarket trading after the US Securities and Exchange Commission approved a plan to remove $25,000 minimum equity requirements for day traders.
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