Snap Inc CEO (Snapchat) sold $50.08m in shares-July 25-26

Snap Inc. is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap.

The Company provides Camera, Friends Page, Discover, Snap Map, Memories and Spectacles.

Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. It offers a range of creative tools that enables people to personalize and add content to their Snaps.

Its chat services includes creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of stickers and Bitmojis.

Memories enable users to create Snaps and stories from their saved snaps, as well as their camera roll. It also offers Spectacles, its sunglasses that make Snap.

The Company’s advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters.

Number of employees : 2 884 people.

https://www.marketscreener.com/SNAP-INC-34091150/?type_recherche=rapide&mots=snap

https://www.finviz.com/insidertrading.ashx?oc=1699293&tc=2&b=2

NYSE execs staged trading-floor hoax to impress Snap CEO

https://nypost.com/2018/12/13/nyse-execs-used-fake-traders-on-market-floor-to-impress-snap-ceo/

The Chairman (Michael Lynton) is a CFR member and was the CEO at Sony during those hacks. See Cap#3 for background

Michael Mark Lynton (born January 1, 1960) is a businessman and current chairman of Snap Inc. He previously served as chairman and chief executive of Sony Pictures Entertainment.

In 2017, Lynton stepped down as CEO of Sony Entertainment to become Chairman of Snap, makers of the Snapchat mobile app.

On February 12, 2019, he was named as a non-executive chairman of the board of Warner Music Group.

moar on him here

https://en.wikipedia.org/wiki/Michael_Lynton

Sony Pictures hack

On November 24, 2014, a hacker group which identified itself by the name "Guardians of Peace" (North Korean) leaked a release of confidential data from the film studio Sony Pictures.

The data included personal information about Sony Pictures employees and their families, e-mails between employees, information about executive salaries at the company, copies of then-unreleased Sony films, Plans for future Sony films and other information.

The perpetrators then employed a variant of the Shamoon wiper malware to erase Sony's computer infrastructure.

During the hack, the North Korean group demanded that Sony withdraw its then-upcoming film The Interview, a comedy about a plot to assassinate North Korean leader Kim Jong-un, and threatened terrorist attacks at cinemas screening the film.

After many major U.S. cinema chains opted not to screen The Interview in response to these threats, Sony elected to cancel the film's formal premiere and mainstream release, opting to skip directly to a downloadable digital release followed by a limited theatrical release the next day.

United States intelligence officials, after evaluating the software, techniques, and network sources used in the hack, alleged that the attack was sponsored by the government of North Korea, who has since denied all responsibility.

https://en.wikipedia.org/wiki/Sony_Pictures_hack

>>7259364

>>7259568

>>7259457

Saudi Arabia’s Quarterly Budget Deficit Widens to $8.9 Billion

Total spending up 5% as government tries to stimulate economy. Non-oil revenue fell 4% despite increase in tax revenues.

Saudi Arabia’s budget deficit widened in the second quarter as officials ramp up spending to stimulate a sluggish economy.

The budget gap of 33.5 billion riyals ($8.9 billion) compared to 7.4 billion riyals in the same period last year, the Finance Ministry said in a statement on Tuesday. Spending rose 5% from the second quarter last year, with significant jumps in capital spending and outlays on subsidies and social benefits. Oil revenue dropped 5% year-on-year and non-oil revenue declined 4%.

The data suggests that a long-promised injection of government cash is finally materializing as officials try to boost economic growth in the world’s largest oil exporter. Gross domestic product is expected to grow 1.7% this year, a second year of expansion after contracting 0.7% in 2017, according to data compiled by Bloomberg.

“A key positive trend is the pickup in capital expenditure, which points to some progress with investment activity and is likely to be in line with a wider trend,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “We are starting to see this shift.”

Capital spending reached 61 billion riyals in the second quarter, a 27% annual increase that the Finance Ministry attributed to “the implementation of housing projects and other development projects.” Subsidy spending rose 71% as the government provided support to small businesses, the ministry said.

The period also saw greater spending on social protection programs, including social security, student bonuses, a cost-of-living allowance for government employees and the “Citizens’ Account” program that gives poor and middle-income Saudis cash to offset the impact of austerity measures, according to the statement.

A decline in non-oil revenue – which has generally been rising since the government implemented a fiscal reform plan – was mostly due to a 37% drop in “other revenues,” which the ministry didn’t elaborate on. Revenue from taxes on goods and services was up 23%.

https://www.bloomberg.com//news/articles/2019-07-30/saudi-arabia-s-quarterly-budget-deficit-widens-to-8-9-billion?

>>7259777

chek't

>>7259843

Crown Resorts Probed After Money Laundering, Visa Claims

Australian government refers claims to integrity commission. Crown stock declines as extended probe hangs over casino firm.

Crown Resorts Ltd. and Australian officials will be investigated after allegations of money laundering at the firm’s casinos and the fast-tracking of visas for wealthy overseas gamblers.

The Age and The Sydney Morning Herald newspapers, along with the 60 Minutes television program, said at the weekend that a lawmaker and two government ministers had lobbied border-enforcement authorities to speed big-spending Crown gamblers through immigration.

Attorney-General Christian Porter said Tuesday he had referred allegations to the Australian Commission for Law Enforcement Integrity, which will determine whether a further probe is needed. “There are sufficient concerns raised to at least warrant further investigations,” Porter told parliament.

Crown shares fell after Porter’s referral raised the possibility of an extended investigation hanging over the company. It’s another blow to Crown and its biggest shareholder, Australian billionaire James Packer, two years after a Chinese court convicted 19 current and former employees of illegally promoting gambling.

The gaming company said Tuesday it will assist with any investigation, but that it “absolutely rejects” allegations of illegality made in parliament and recent media reports.

“We believe these allegations are ill-informed and an attempt to smear the company,” Crown said in a statement.

Crown shares closed 1.9% lower in Sydney trade, extending yesterday’s 3.2% decline. The company has lost about A$433 million ($300 million) in market value this week.

The wide-ranging reports alleged Crown used junket operators linked to drug traffickers as it sought to attract wealthy Chinese gamblers to Australia. Together with Australian officials, Crown helped hundreds of high-rollers gain entry to Australia each year, and at least one Asian crime syndicate was laundering money through the firm’s casinos, according to the reports.

Crown said it has a “robust process” for vetting junket operators and undertakes regular reviews. It also denied “any allegation that it knowingly exposed its staff to the risk of detention or conviction in China,” according to the statement.

The publication of the claims triggered separate calls by independent lawmakers on Monday for an investigation by a parliamentary committee. The ACLEI, as the agency is known, has the power to apply for search warrants and seize evidence, making it a better-resourced body to investigate, Porter said on Tuesday.

The commission’s main role is to investigate corruption within law enforcement bodies and it also has oversight of several agencies including the department of home affairs, the border force and federal police.

https://www.bloomberg.com/news/articles/2019-07-29/crown-faces-calls-for-probes-after-reports-triads-laundered-cash

>>7259835

>>7259900

digits confirm see pic

>>7260073

>>7260088