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.
FTX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. On the list this week: ESPN, Disney, WeWork, Campbell Soup, Tapestry and Capri Holdings.
