Snapchat to broadcast live NBC’s Olympics Coverage; ZipRecruiter fundraising at nearly $1 billion valuation; and Tesla semi-truck rival Thor demonstrates vehicle.
Snap Inc.’s Snapchat is preparing to launch a tool to let television networks pipe snippets of live broadcasts directly into Snapchat, starting this Saturday with NBC’s coverage of the Olympic Games in Pyeongchang, South Korea, the Wall Street Journal reports. The move could forge closer ties between traditional TV networks and Snapchat’s parent company Snap Inc., which has sought to sweep up the ad dollars that broadcasters are losing as young people spend more time on smartphones.
The job-posting marketplace ZipRecruiter is returning to the fundraising well for the first time since 2014, authorizing a new round of financing that values the company at almost $1 billion, Recode reports. The eight-year-old company is slated to raise around $50 million in new capital, according to a fundraising document.
A start-up called Thor Trucks plans to beat Tesla to market with its electric truck, the ET-One, CNBC reports. The North Hollywood-based company aims to have its vehicles in production in 2019, according to co-founders Giordano Sordoni and Dakota Semler.
Technology reporter Garrett Reim can be reached at email@example.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.