Bitcoin Is Tanking and Snap's CEO Is Terrible: Soundbite

Bitcoin has had a rough day on Wednesday. Snap is reportedly laying off a ton of developers. And how about those rallying tech stocks.
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It's almost Friday. So here is the latest on Soundbite...

Bitcoin prices went in the tank today on SEC regulation concerns, reports TheStreet's Kinsey Grant. TheStreet's Scott Gamm noticed tech stocks led the charge in the market's recovery off the lows. Shout out to the red-hot Netflix (NFLX) - Get Report .

Snap (SNAP) - Get Report is reportedly laying off 100 developers. Shocker? Nope says TheStreet's Executive Editor Brian Sozzi -- the app-maker's redesigned app has been panned and CEO Evan Spiegel has proven a terrible leader.

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