Snap’s Spiegel doesn’t regret IPO timing, but wants to communicate better with investors, Amazon opens bookstore in Westfield Century City, and Snapchat to launch augmented reality art platform.
Snap Inc. Chief Executive Evan Spiegel said he has no regrets about how or when he took his company public earlier this year, even though the stock is down almost 40 percent from its opening-day close, reports Recode. However, he said he wants to communicate better the value of Snapchat to investors.
In tandem with the re-opening of the Westfield Century City mall, Amazon opened the doors to its first Amazon Books location in Los Angeles, Investor’s Business Daily reports. This is its twelfth location in the country, and allows both Prime members and non-Prime users to buy books in store, online or through its app.
Snapchat plans to launch a new augmented reality art platform featuring pop artist Jeff Koons and others, reports TechCrunch. The feature will allow art to be pinned to specific locations in augmented reality so users can see it when they hold up their phones in the right spot.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.