Snap lays off 20% of employees

Re:Snap lays off 20% of employees by onlyrealcuzzo on Wednesday August 31, 2022 @03:29PM (#32667156)

If you've never made any money - how much are you really thinking about taxes?

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Re:Snap lays off 20% of employees by twoodfin on Wednesday August 31, 2022 @03:36PM (#32667238)

That’s the point: They’re clearly attempting a shift from growth to profitability. Those future profits look that much better to investors if they have (say) $50M in tax offsets already banked.

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Re:Snap lays off 20% of employees by acchow on Wednesday August 31, 2022 @10:14PM (#32671044)

You know what looks better than $50M in tax offsets? $500M in cash

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Re:Snap lays off 20% of employees by twoodfin on Thursday September 01, 2022 @01:17AM (#32672292)

I don’t understand the point you’re making. Zenly could be readily sold for $500M?

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