BBCNEWS World Business Report June 4, 2024 04:45:00
Consume energy. thank you so much for your— consume energy. thank you so much for your time. _ to the us now — where the owner of social media app snapchat has announced it's cutting a fifth of its workforce — or around 1,200 jobs. like many of its tech rivals, snap has been suffering from a slowdown in the advertising market — as companies cut back on spending. a year ago, snap was worth $130 billion. today it's valued at less than 20 billion. from new york, our business correspondent samira hussain reports. since the beginning of the year, shares in snap have plummeted more than 75%....