Tech Digest daily roundup: Snap shares plummet due to ad slump

Snap announced plans to “substantially reduce” hiring and shake up its strategy as it posted bleak second-quarter results, blaming tough macroeconomic conditions but also stating it was “not satisfied with the results . . . regardless of the current headwinds”. The social media company lost about a quarter of its value on Thursday after posting the results, which chief…

Digital Secretary Jeremy Wright to meet Mark Zuckerberg for internet safety talks

Facebook boss Mark Zuckerberg is to discuss internet safety with the Digital Secretary Jeremy Wright today, as the Government looks to tackle online harms with legislative measures to protect vulnerable people. Mr Wright has flown out to San Francisco with Digital Minister Margot James this week, to meet with companies in Silicon Valley, the world’s…