May 22, 2018

The big picture: Snap is losing top executive leadership

Logo of Snap Inc. at New York Stock Exchange in New York. Photo: Xinhua/ Wang Ying via Getty Images

Electric carmaker Tesla on Tuesday picked up Snap’s Vice President of monetization engineering, Stuart Bowers, as its VP of engineering, Cheddar reports.

Why it matters: Bowers is the latest in a string of almost a dozen top executives who have left Snap after its initial public offering early last year. The 3,000-person company's 27-year-old CEO and founder Evan Spiegel had said that all managers would be assessing their team sizes and locations amid several rounds of layoffs at the social media company.

The growing list:

Tom Conrad, the company's vice president of product, left last March.

Drew Vollero, chief financial officer, stepped down earlier this month and has been replaced by Amazon finance VP Tim Stone.

Tim Sehn, Snap's engineering chief, resigned in December.

Jad Boutros, vice president and chief security officer, resigned in January after almost four years at the company.

Chloe Drimal, who was in charge of content development, resigned in November, per Business Insider

Robyn Thomas, vice president of human resources Martin Lev, vice president of security, and Chris Handman, the company's general counsel, quietly resigned last year June, per Fortune.

Go deeper

Trump announces 30-day extension of coronavirus guidelines

President Trump announced on Sunday that his administration will extend its "15 Days to Slow the Spread" guidelines until April 30 in an effort to stop the spread of coronavirus, which has now infected more than 130,000 Americans and killed nearly 2,500.

Why it matters: Top advisers to the president have been seeking to steer him away from Easter as an arbitrary deadline for the U.S. to open parts of its economy, amid warnings from health officials that loosening restrictions could cause the number of coronavirus cases to skyrocket.

Go deeperArrow34 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 716,101 — Total deaths: 33,854 — Total recoveries: 148,900.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 5 p.m. ET: 136,880 — Total deaths: 2,409 — Total recoveries: 2,612.
  3. Federal government latest: The first federal prisoner to die from coronavirus was reported from a correctional facility in Louisiana on Sunday.
  4. Public health updates: Fauci says 100,000 to 200,000 Americans could die from virus.
  5. State updates: Louisiana governor says state is on track to exceed ventilator capacity by end of this week — Cuomo says Trump's mandatory quarantine comments "panicked" some people into fleeing New York
  6. World updates: Italy on Sunday reports 756 new deaths, bringing its total 10,779. Spain reports almost 840 dead, another new daily record that bring its total to over 6,500.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Trump touts press briefing "ratings" as U.S. coronavirus case surge

Photo: Drew Angerer/Getty Images

President Trump sent about a half-dozen tweets on Sunday touting the high television ratings that his coronavirus press briefings have received, selectively citing a New York Times article that compared them to "The Bachelor" and "Monday Night Football."

Why it matters: The president has been holding daily press briefings in the weeks since the coronavirus pandemic was declared, but news outlets have struggled with how to cover them live — as Trump has repeatedly been found to spread misinformation and contradict public health officials.