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Blockchain

Snap is disbanding its Web3 team amid layoffs

Snapchat’s parent company, Snap Inc., is reportedly closing shop on its Web3 ambitions amid recent layoffs that could result in a 20% reduction in its workforce. Jake Sheinman, one of the team’s founders, announced…

Security

Secureworks shares drop on lower-than-expected outlook

Shares in Secureworks Corp. dropped in regular trading today after the cybersecurity company reported a lower-than-expected outlook in its latest quarterly earnings report. For its second quarter ended July 29, Secureworks reported a net loss before…

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