SNAP

There’s something of a disconnect happening between what’s known as the private market — what companies are worth before they go public — and what those companies are worth once they have their initial public offering. Examples A and B today are the meal kit delivery service Blue Apron and Spap of Snapchat fame. The companies’ stocks haven’t […]

Analysts have questioned the company's ability to keep advertisers happy.

The White House budget proposal would cut SNAP, the Supplemental Nutrition Assistance Program known as food stamps, by $193 billion over 10 years. Right now a family of six gets about $900 a month in food aid. Under Trump’s proposal, that would be the cap, even for households with more people. Many families that receive […]

The House Agriculture Subcommittee on Nutrition meets today to discuss the future of the Supplemental Nutrition Assistance Program, or SNAP, often referred to as food stamps. One change to the program being discussed would limit which foods recipients can buy with their benefits. Click the audio player above to hear the full story.

E-commerce giant Amazon is one of seven retailers entering a pilot program allowing some food stamp users to order groceries online. The first states to participate with Amazon starting this summer are New York, New Jersey and Maryland, though other states are working with different participating companies. Last year, the Supplemental Nutrition Assistance Program provided […]

Snap, the parent company of the social network Snapchat, laid out a preliminary valuation for its highly anticipated IPO today in a regulatory filing with the Securities and Exchange Commission. The maker of the disappearing-photo application puts its market value in the range of $16 billion to $18.5 billion. This is down considerably from the […]

The parent company of Snapchat is planning to offer shares with no voting power in its IPO. That would keep control of the company in the hands of its two founders. Voteless shares are becoming a trend in tech.  But some big pension funds that have often played a role in corporate governance aren’t happy […]