Cheddar morning business update 12/28: Snapchat, Apple, Jack in the BoxPosted: Updated:
Snapchat is in the middle of a major redesign. The design will have a new feature called Stories Everywhere that will allow users to share stories outside of the Snapchat app. Cheddar has learned from a person familiar with the matter that this would let publishers embed Snapchat Stories on websites, boosting their reach and potentially increasing user growth. Snapchat has been struggling against Instagram ever since Instagram added stories that disappear after 24 hours.
Apple's Tim Cook got a raise, according to a security filing. Apple sales and profits exceeded goals in the fiscal year 2017 which means Cook got a big cash bonus bringing his total compensation to $12.8 million.
Lastly, the fast food chain Jack in the Box is teaming up with rapper Snoop Dogg on a Munchie Meal as California gets ready to legalize marijuana in 2018. The meal includes tacos, churros, chicken strips and a drink and will cost $4.20, or 4-20, a number widely used to reference marijuana.