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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.