*By Kristen Lee*
Snap Inc. is hoping the addition of two big execs from Amazon and The Huffington Post can revive the company's mojo.
Jeremi Gorman, previously head of international sales at Amazon, joins the Snap ($SNAP) team as chief business officer and Jared Grusd, formerly the CEO of The Huffington Post, is the new chief strategy officer. The two executives will split a role formerly held by Imran Khan, who announced his resignation in September.
Cheddar's Alex Heath [reported Wednesday](https://www.cheddar.com/videos/snap-employees-eye-exist-as-stock-sinks) that morale is suffering at the once-red-hot social media network, which has struggled due to a botched redesign and drop in stock price. In an internal, anonymous survey obtained by Cheddar, 40 percent of Snap's roughly 3,000-person workforce said they were looking to leave the company.
Heath said the new hires may help restore some investor confidence, particularly in the case of Snap's lackluster ad business.
"The hiring of the former Amazon ($AMZN) ad executive is notable because Amazon's ad business has really been on fire lately," Heath said.
Heath added, however, that it remains to be seen how Gorman will adjust to Snap's business model, which is different from that of Amazon, and whether Grusd shifts the social network's original content strategy.
Snap reports quarterly earnings on Thursday.
Christine Short, Head of Research, Global Corporate Events at Wall Street Horizon, a TMX Company, breaks down the biggest takeaways from companies’ quarterly results.
TikTok once again finds itself in a precarious position as lawmakers in Washington move forward with a bill that could lead to a nationwide ban on the platform.
Bryan West, Gannett’s Taylor Swift reporter, recaps the many, many, theories and Easter eggs Swifties are debating as her ‘Eras Tour’ film comes to Disney+.
‘Our Biggest Fight’ author and Project Liberty founder Frank McCourt, Jr. explains his problem with the internet – and why this Tiktok bill is just a starting point.
Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Biden.
Jayesh Govindarajan, head of A.I. at Salesforce, explains the company's new Einstein copilot, plus other ways it is investing in artificial intelligence.
Altro founder and CEO Michael Broughton shares how his company is bringing both expanded credit access and financial wellness to underserved consumers, plus netting early investments from Tinashe, Quavo, and Jay Z’s Marcy Ventures.