Snapchat VP of Product Leaving, Kroger & Alibaba Eye Partnership
Snapchat's VP of Product Tom Conrad is leaving the social media company after two years. The timing of Conrad's departure is less than ideal, as Snap is in the midst of rolling out a redesign of its app. Conrad is the sixth executive to leave the company since Snap's IPO last year.
Kroger and Alibaba are reportedly discussing a potential partnership. U.S. executives traveled to China for initial talks on a future collaboration. This comes as U.S. tech giant Amazon recently acquired Whole Foods for almost $14 billion.
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
