Snap Inc. said Wednesday it is reducing its workforce by approximately 20% and overhauling its business to cut costs and compete as American social media companies face challenges from competitors, regulators and users’ diverted attention. Snap owns the social media platform Snapchat, which became popular by showcasing images and videos and featuring vanishing messages. As…
Tag: media
Alex Jones’ media company files for bankruptcy amid trial
AUSTIN, Texas — Conspiracy theorist Alex Jones‘ media company Free Speech Systems filed for bankruptcy on Friday, but his attorney said it should not disrupt the defamation damages trial underway in Texas that seeks to force Jones to pay $150 million or more to the family of one of the children killed in the 2012…