Snap to Cut 16% of Its Workforce; Broadcom Gains; Robinhood Rises on SEC Day-Trading Limits Removal
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.