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.
The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers.
A commercial fisherman accused of conspiring with others to sell 200,000 pounds (90,000 kilos) of fish in excess of legal quotas has been convicted in federal court in New York.
