what the hell is the matter with us? i m not joking. think about it. what are we doing? president joe biden gives a fiery and impassioned speech in pennsylvania, vowing to ban assault-style weapons while calling out republicans for criticism of fbi following the search of mar-a-lago. we ll have much more of the president s remarks just ahead. meanwhile, there are several new developments in the justice department s investigation into the former president, including this picture from the doj, showing some of the documents seized. we ll walk you through everything that s happened overnight. also ahead, qanon and dangerous conspiracy theories. that s how donald trump spent his time yesterday on his fledgling social media platform. we ll explain how it is part of a growing trend for the former president. good morning and welcome to way too early on this wednesday, august 31st. i m jonathan lemire. thanks for being with us. we ll begin with that breaking news overnigh
verg snap will lay off 20% of staff, 1,000 employees. at the same time, two senior executives from the company are heading for the exit and they re making their way to netflix. now, it s been a difficult year for snap. you ll remember back when the company delivered q2 results shares dropped more than 25% in a single day. the company missed on both the profit and revenue lines. and those disappointing results kick started a wave of selling and a wave of disappointing earnings from a number of companies in the social media space due in large part to weak online advertising revenues. year to date, snap shares are down nearly 80%. and then as summer winds down and fall approaches, there s been a lot of discussion among businesses about trying to get workers back to offices. and goldman sachs yesterday raised eyebrows with this. set to scrap remaining covid-19 restrictions for employees at their u.s. offices saying