Demonstrators hold signs while protesting outside the Snap Inc. office in the Venice neighborhood of Los Angeles, California, U.S., on Thursday, March 2, 2017. Snap Inc., the first technology company to go public in the U.S. this year, jumped in its debut after the disappearing-photo app maker priced its initial public offering above the marketed range. Photographer: Patrick T. Fallon/Bloomberg
LOS ANGELES: As shares of California-based Snap Inc began trading on the New York Stock Exchange on March 2, two dozen residents of the company's adopted home of Venice Beach protested outside its offices, accusing the growing tech company of spoiling their seaside community.
Their chief complaint is that the maker of the popular mobile messaging app Snapchat is turning the stylishly funky beachfront neighbourhood of Los Angeles into an office park, driving up real estate prices and displacing working-class residents.
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