Don’t wait: there’s less than 24 hours left to get (almost) any Marketplace thank-you gift.
Is it possible for one company to have too many locations?
Snap Inc. of Snapchat fame might just have fit that bill in the Los Angeles beachside neighborhood of Venice.
Founded in 2011, Snap at one point had dozens of properties in the community. But just like its disappearing messaging function, Snap’s been disappearing from Venice as it tries to cut costs.
The news comes as a relief to many in the neighborhood, who have long complained that Snap transformed their community, kicking out cherished businesses and restaurants during its rapid expansion.
But as Snap leaves, its imprint on Venice remains.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Donate now to get almost any thank-you gift.