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Snap Stock Price Hits New Low – Shares Drop to $17

Reginald Edward
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0
Snap Stock Price Hits New Low – Shares Drop to $17

Share prices of Snapchat’s parent company Snap continue to fall as the company’s IPO price for the first time since the company made its market debut.

Shares of Snap Inc dropped nearly 5 percent on Thursday to their IPO price, illustrating how Wall Street has lost confidence in the company as it faces fierce competition from Facebook.

Snap, a company that considers its self a camera enterprise instead of a social media company, ohs Snapchat a mobile application that allows users to capture video and pictures that delete after a few seconds. The stock price of Snapchat hit $17, the price set last March.

It is important to note that Snap hit a $29.44 high days after it Wall Street but the value of the company has declined with Thursday’s price being the lowest since the company’s IPO.

NEW YORK CITY, NY- March 2, 2017: Snapchat’s Snap Inc. makes IPO debut on the New York Stock Exchange NYSE. Investors flocked to initial public offering, pushing valuation of nearly $24 billion. (NYCStock / Shutterstock.com)

Recent studies have show Snapchat is extremely popular and one of the most popular social media applications for teenagers and young millennials. But many investors on Wall Street are apprehensive about how the company can return a profit due to its slow user growth after Instagram launched features similar to Snapchat. In fact, a February Techcrunch report found Snapchat’s growth stalled by 82% following the release of Instagram Stories. Moreover, following the release of Instagram Stories, Snapchat had the lowest growth quarter since the company released their data in 2014.

Even the company highlighted the fact is now facing fierce competition. Snapchat explained in their IPO filing: “We face significant competition in almost every aspect of our business both domestically and internationally,” Snap Inc told. Not to mention, the company pointed out that their competition “mimic our products and therefore harm our user engagement and growth.”

That said, it is important to note that after Facebook made its stock market debut the company’s stock price dropped below its IPO price in its second day of trading. However, since then the company is now up more than 300 percent since its IPO.

HBO Joe Paterno Movie Starring Al Pacino To Film in New York This July

Jonathan Antonio
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0
HBO Joe Paterno Movie Starring Al Pacino To Film in New York This July

HBO is ramping up production for their new movie surrounding Penn State, Joe Paterno, and the Jerry Sandusky scandal.

According to Project Casting, casting directors are now seeking men and women ages 18 to 25 to play college students in the upcoming HBO feature film as it shoots in New York starting this July. Filming is expected to wrap this September.

Variety reports that the movie will center around Joe Paterno, the winningest coach in college football history, as he becomes mixed into the Penn State Jerry Sandusky sexual abuse scandal. The HBO movie will focus on Paterno’s legacy, and the college football coach is forced to face harsh questions.

HBO Joe Paterno
(Image Credit: Paul Kane / Tinseltown / via Shutterstock.com)

About the Penn State Child Sex Abuse Scandal

In case you missed it, the Penn State child sex abuse scandal centers around Jerry Sandusky, a former assistant football coach for the Penn State Nittany Lions. Sandusky was charged and convicted of multiple counts of sexual abuse of children as the coach located and groomed victims through his charity organization, The Second Mile.

The scandal started in early 2011 when Sandusky was indicted on over 50 counts of child molestation. While Sandusky’s abuse may have begun over 40 years ago, he was charged with abuse that occurred between 1994 and 2009. Moreover, three school officials including the school president Graham Spanier and athletic director Tim Curley were charged with perjury, obstruction of justice, failure to report suspected child abuse and other related charges. After the child sex abuse scandal had broken, Spanier designed, and the Penn State Board of Trustees terminated the contracts of head football coach, Joe Paterno.

Joe Paterno Penn State
UNIVERSITY PARK, PA – OCT 9: Penn State’s coach Joe Paterno watches his players warm up before a game against Illinois at Beaver Stadium October 9, 2010 in University Park, PA (Editorial credit: Richard Paul Kane / Shutterstock.com)

According to an independent investigation by former FBI director Louis Freeh and his law firm, the Freeh report found that Spanier and Paterno had known about allegations of child abuse conducted by Sandusky as early as 1998, and did not disclose them. As a result, Freeh argued that the most senior leaders at Penn State showed “total disregard for the safety and welfare of Sandusky’s child victims,” which called for Sandusky to become “empowered” to continue his abuse.

By March 2017, an investigation by the Penn State officials ended with Curley, Schultz, and Spanier guilty of misdemeanor charges of child endangerment, and in June 2017, all three were sentenced to prison.

New Changes to Twitter Are Coming Soon

Jonathan Antonio
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0
New Changes to Twitter Are Coming Soon

To attract new users to the social network, Twitter is redesigning their applications. The renovations to their mobile, desktop and web platforms is not a major change from its prior user experience but, the updates will include a series of small changes to things like where settings are located, changes to the typography, and more.

Instead of tapping over to your profile to find the settings section on iOS, everything related to settings has been moved to a new left-side navigation menu. That means you will no longer see a “profile” button at the top of the app. Twitter says the new change will reduce clutter. Now, users can sweep right on the home screen to see the new menu, where you will find your profile, setting sand other options.

Twitter
Twitter, inc.

For Android users, these changes were implemented last summer, and because of their positive response, Twitter is making those changes to iOS.

Other changes to the Twitter app include profile icons are now round instead of square. Plus, typography is more consistent, while headlines such as “Trending Now” are bolder to increase user engagement.

In addition, Twitter has changed their Reply icon. The icon was fairly standard and a recognizable symbol. But in an effort to appear to new users, the arrow has been changed into a conversation bubble, similar to Facebook’s comment icon.

While the changes are not major, the change illustrates how Twitter is evolving. Twitter was original a messaging system that allowed for microblogging. It has later become a place for people to engage in group chats. Now, you can post nearly anything from text, to photos, to videos, and most recently moments. Now, the new “comment” feature will make it similar to Facebook, which may help the company attract new users.

The Retweet, Like, and DM icons also were revamped and changed.

It is important to note that changes such as the ability to edit previous tweets have not been implemented. Currently, the company has 328 million monthly active users, which could be attributed to Donald Trump’s tweets.

Twitter
JUNE 13, 2017: Close up of mobile phone screen with the Twitter account of Donald Trump. The American President has over 32 million followers on Twitter. (Editorial credit: Tero Vesalainen / Shutterstock.com)

The biggest change iOS users may see is that web links will now open in Safari’s View controller within the Twitter app, which will make it easier to access accounts other websites.

Twitter says the changes will be launched today to Twitter for iOS and Twitter for Android through an update.

Study Finds a Fever While Pregnant Increases Autism Likelihood By 40% in Babies

Brent Edward
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0
Study Finds a Fever While Pregnant Increases Autism Likelihood By 40% in Babies

According to a new study, fever during pregnancy may increase the risk for autism in a child later on.

Researchers from Columbia University Mailman School of Public Health studied information on nearly 96,000 children born in Norway from 1999 to 2009. Scientists found there were 538 cases of autism spectrum disorder among those in the group. Researchers also discovered that moms of 15,701 reported one or more fevers during their pregnancy, that is similar to rates seen in the United States. Out of those pregnant women who had a fever, 583 gave birth to an autistic child.

Despite the correlation, researchers were unable to define a cause and effect relationship between a fever during a pregnancy and autistic newborns. It was only able to detect a connection between the two.

Columbia’s Dr. Mady Hornig, director of translational research at the Center for Infection and Immunity said, “We had maternal reports of fever at 4-week intervals throughout the entire pregnancy, and we were able to link these data to the autism data we had collected through various methods and also through a patient registry.”

Hornig told CBS News, “We were interested in trying to understand the role of fever because of prior reports with respect to fever, but there were not many. And there had also been many suggestions over the years that various types of infections in mothers during pregnancy had been associated with autism outcomes.”

Hornig argued that every woman who develops a fever during her pregnancy will give birth to an autistic child. Rather, fevers are just a response to an infection and “ it is common during pregnancy. The absolute risk is low. The vast majority of women who get an infection with fever, even flu, are not going to end up having a child with autism,” Hornig told the New Independent.

That said, Hornig says it may just be a deficiency in the mother’s immune system that causes the child to be born autistic.

“There is something in the mother’s immune response that may increase the risk for the infant,” Hornig said. “But it’s not in every mother. We don’t think this is a pathway for autism. We don’t think it’s the only way autism is triggered in children.”

Nike to Cut Over 1000 Jobs As The Company Restructures for the Future

Reginald Edward
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0
Nike to Cut Over 1000 Jobs As The Company Restructures for the Future

Nike announced that the company plans to cut approximately 1,400 jobs as part of a plan to revamp their e-commerce and retail sector.

On Thursday, the company announced a new initiative to expand their direct selling to consumers and developing their e-commerce platform. As a result, two percent of their global workforce will be cut to implement a “Consumer Direct offense.” The new reorganization project will target customers in 12 different cities. These cities include New York, London, Shanghai, Beijing, Los Angeles, Tokyo, Paris, Berlin, Mexico City, Barcelona, Seoul, and Milan as these cities are expected to account for more than 80% of the company’s growth through 2020.

Nike Jobs
BEIJING, CHINA- APRIL 7, 2017: A kid rides bicycle next to a Nike Air shoes billboard at Sanlitun SOHO. Nike, Inc. is an American multinational corporation, founded in 1964, serves worldwide (Editorial credit: testing / Shutterstock.com)

“In the new alignment, the company will drive growth by deeply serving consumers in 12 key cities,” the company said in a statement. “Nike is moving closer to the consumer — creating a local business, on a global scale.”

The company is restructuring their global business so the firm can focus on building a digital and merchandising platform that is more responsive to the previously mentioned markets.

Nike is also changing the product cycle times of they apparel in half and investing in new categories that are expected to have the greatest growth potential such as, running, baseball and young athletes.

This news comes after retail stores are closing hundreds of stores due to pressure from Amazon and other e-commerce giants.

“Today we serve our athletes in a changing world: one that’s faster and more personal,” said Trevor Edwards, president of the Nike Brand.

“This new structure aligns all of our teams toward our ultimate goal — to deliver innovation, at speed, through more direct connections.”

Shia LaBeouf’s ‘The Peanut Butter Falcon’ To Film in Savannah, Georgia

Jonathan Antonio
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0
Shia LaBeouf’s ‘The Peanut Butter Falcon’ To Film in Savannah, Georgia

Shia LaBeouf is traveling to Savannah, Georgia alongside Fifty Shades of Grey actress, Dakota Johnson, for the new movie The Peanut Butter Falcon.

According to Project Casting, casting directors are now hiring kid actors, background extras, photo doubles, and featured roles to work on the new movie.

The Peanut Butter Falcon centers around a crab fisherman as he starts on a journey to get a young man with Down syndrome into a professional wrestling school in rural North Carolina and away from the retirement home where he’s lived most of his life. The movie is written and directed by Tyler Nilson and Michael Schwartz. The film will also star Zachary Gottsegen from the film Becoming Bulletproof. 

Dakota Johnson The Peanut Butter Lover
LOS ANGELES, CA. February 2, 2017: Actress Dakota Johnson at the premiere of “Fifty Shades Darker” at The Theatre at The Ace Hotel, Los Angeles. (Editorial Credit: Jaguar PS / Shutterstock.com)

Shia LaBeouf recently premiered his latest production American Honey, where he played Jake in the Andrea Arnold production. The movie centered around a teenage girl with nothing to lose who joins a traveling magazine sales crew and gets caught up in a binge-filled life with non-stop partying across the Midwest. The movie was selected to compete for the Palme d’Or at the 2016 Cannes Film Festival where it won the Jury Prize. Also, for the 70th BAFTA Awards American Honey received a nomination for Best British film.

This news comes after T.I.’s new movie The Trap launched an open casting call for background actors, photo doubles, and stand-ins in Atlanta and the recent announcement that made Georgia the filmmaking capital of the world.

Study Finds Eating Fried Potatoes Can Kill You

Brent Edward
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0
Study Finds Eating Fried Potatoes Can Kill You

Study finds people who eat fried potatoes are more likely to die earlier than individuals who do not.

According to a recent study published in the American Journal of Clinical Nutrition, people who eat fried potatoes two or more times a week double their risk of an early death in comparison to individuals who avoid fried potatoes.

Dr. Nicola Veronese, the lead author of the study and a scientist at the National Research Council in Padova, Italy, says more and more people are eating fried potatoes around the world. In fact, according to the National Potato Council, Americans consumed 112.1 pounds of potatoes per person in 2014.

According to the US Department of Agriculture, the vast majority of potatoes consumption is processed french fries.

Veronese and his team monitored over 4,000 people aged 45 to 79 over eight years to study how people eat of potatoes and how it affected their health. Even though many individuals understand eating fried potatoes are unhealthy, there is not much data on the topic, Veronese explained to CNN in a statement. So, researchers decided to break up the 4,440 participants into groups and understand how frequently they ate potatoes and how it impacted their health.

Over the course of eight years, a total of 236 participants died. Analyzing the data, researchers found that those who ate fried potatoes two to three times each week doubled their risk of dying in comparison to those who did not eat fried potatoes. Moreover, researchers found that age or sex of the participants did not influence the results of the study. However, men were more likely than women, and younger participants were more likely than older participants to enjoy fried food.

Actress Elizabeth Banks Reveals An Agent Told Her to “Get a Boob Job”

Jonathan Antonio
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0
Actress Elizabeth Banks Reveals An Agent Told Her to “Get a Boob Job”

Actress Elizabeth Banks reveals an agent told her to “get a boob job.”

According to People, Elizabeth Banks spoke at the Women in Film Los Angeles’ Crystal + Lucy Awards and discussed the misogyny she experienced in the film industry including a meeting with a talent agent.

She explains that the first agent she met in the film industry instructed her to get plastic surgery.

“The first agent I ever met in this industry told me to get a boob job,” Banks revealed during her acceptance speech.

Banks added, “I was so grateful that I didn’t have enough money at the time to follow his advice. I also did not sign with him despite that.”

Elizabeth Banks
LOS ANGELES, CA – JUNE 25, 2015: Elizabeth Banks & Jada Pinkett Smith at the world premiere of their movie “Magic Mike XXL” at the TCL Chinese Theatre, Hollywood. (Editorial credit: Featureflash Photo Agency / Shutterstock.com)

The Hunger Games actress is one of many actors in the film industry who has recently spoken out about what it is like to be a woman in the movie industry. Recently, Community and Get Hard actress Alison Brie, revealed during the Austin Television Festival screening of the pilot episode of Netflix’s new TV series Glow that not much has improved for stars since the 1980s. Brie shared a story about the time she auditioned for HBO’s Entourage where she was instructed to go topless during her audition.

Alison Brie
Alison Brie at the Los Angeles premiere of “The LEGO Movie” held at the Regency Village Theatre in Westwood, USA on February 1, 2014 (Editorial credit: Tinseltown / Shutterstock.com)

“Early in my career, I auditioned for three lines on an episode of Entourage that I had to go on in a bikini,” she said. “Or like shorts and the tiniest shorts. And they were like, ‘Okay, can you take your top off now?’”

Casting director, Jennifer Euston, later tweeted,  “Makes me sick there are producers who abuse their power & if there was a Casting Director present, they did nothing? Inexcusable.”

Flint Water Crisis: Several Michigan Health Officials Charged with Manslaughter

Brent Edward
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0
Flint Water Crisis: Several Michigan Health Officials Charged with Manslaughter

Several Michigan health officials charged with manslaughter over the Flint water crisis.

The Michigan attorney general’s office charged the director of the state’s health department along with four other public officials with involuntary manslaughter for their roles in the Flint water crisis.

The director of the Michigan Department of Health and Human Services, Nick Lyon, also faces a felony count of misconduct in office.

The Flint water crisis led to lead-tainted water that exposed thousands of young children to potential long-term health risks, the crisis has also been linked to an outbreak of Legionnaires’ disease that contributed to over 10 deaths. Those cases ultimately led to charges on Wednesday for Lyon as well as the state’s chief medical executive Eden Wells, who also faces charges of obstruction of justice and lying to a police officer.

Michigan Attorney General Bill Schuette also charged four other public office officials, with manslaughter. Officials charged include Stephen Busch, a water supervisor for the Michigan Department of Environmental Quality, Darnell Earley who had been appointed by the state as the emergency manager for Flint, Howard Croft, the city’s former department director of public works, and Liane Shekter-Smith, who worked as the chief of the state’s Office of Drinking Water.

Flint Water Crisis
YPSILANTI, MI/USA Jan. 27, 2016: Sign at UAW local asking for donations for the Flint water crisis. The water in Flint has high levels of lead causing a health crisis. (Editorial credit: Barbara Kalbfleisch / Shutterstock.com)

According to the Detroit Free Press, Lyon was aware of Legionnaires’ disease outbreak as soon as 2013 but, did not notify the public until a year later. Moreover, Lyon “willfully disregarded the deadly nature of the Legionnaires’ disease outbreak.” Lyon later added, “everyone has to die of something,” according to court documents.

In a statement, Gov. Rick Snyder defended Lyon and Wells, saying he has confidence and the two will remain employed at the health department.

“Nick Lyon has been a strong leader at the Department of Health and Human Services for the past several years and remains completely committed to Flint’s recovery,” Snyder said. “Director Lyon and Dr. Eden Wells, like every other person who has been charged with a crime by Bill Schuette, are presumed innocent unless and until proven guilty beyond a reasonable doubt. Some state employees were charged over a year ago and have been suspended from work since that time. They still have not had their day in court. That is not justice for Flint nor for those who have been charged.”

T.I’s New Movie ‘The Trap’ To Film in Atlanta

Jonathan Antonio
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0
T.I’s New Movie ‘The Trap’ To Film in Atlanta

T.I is heading back to the film industry as his new movie The Trap is now ramping up production in Atlanta, Georgia.

Following the news that Georgia is now the feature filmmaking capital of the world, T.I., Mike Epps, and Queen Latifah are teaming up for an upcoming indie comedy in Atlanta.

According to Project Casting, casting directors are now casting actors, models, stand-ins, and photo doubles to work on the movie.

Mike Epps The Trap
LOS ANGELES – JAN 6: Mike Epps at the Peoples Choice Awards 2016 – Arrivals at the Microsoft Theatre L.A. Live on January 6, 2016 in Los Angeles, CA (Editorial credit: Kathy Hutchins / Shutterstock.com)

Tip “T.I” Harris is partnering with comedian Mike Epps to star in the new movie directed by Chris Robinson. Queen Latifah and her production company Flavor Unit Entertainment are producing the movie alongside Epps and his partner at Naptown Productions, Niles Kirchner, according to The Hollywood Reporter. Also, Harris will produce the movie under his Grand Hustle Films production company along with Robinson.

The new movie centers around a man, played by T.I., who returns to Atlanta after an extended absence to help his brother, played by mIke Epps, and their mother’s run-down restaurant. Changes to their chicken recipe bring new life to the restaurant but also new problems.

Guardians of the Galaxy Vol. 2
Bangkok, Thailand – 22 April 2017 – Beautiful Standee of Movie Guardians of the Galaxy Vol. 2 at the theater (Editorial credit: Sarunyu L / Shutterstock.com)

Georgia’s film industry has seen a revival since the state enacted a film tax credit. Several feature films have filmed in the state including Marvel’s Guardians of the Galaxy 2, the upcoming Black Panther movie and Avengers: Infinity War. Along with hit movies, several major TV shows shoot in the state such as the most watched show on television, The Walking Dead. 

T.I. has made a quick transition into acting appearing in hit movies such as Furious 7, Get Hard, The Hang Over and most recently Billy Lynn’s Long Halftime Walk. 

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