Snap's stock sinks below $10; DDN acquires Tintri at auction; Pipeliner introduces cloud CRM software.
CNBC Technology reports Snap Inc. stock price has hit an all-time low Sept. 6, falling below $10 per share for the first time since the company’s inception in 2010. A 3 percent dip in price left the shares at $9.62 per share, the seventh straight day of losses for Snap. At this point, Snap shares are have dropped roughly 65 percent from its all-time high of $29.44 per share in July 2018.
Chatsworth-based data storage provider DataDirect Networks Inc. has acquired Tintri Inc. for $60 million, Socaltech reports. DDN acquired the data storage developer in a bankruptcy auction.
Pacific Palisades-based PipelinerSales Inc. announced Sept. 5 it has released a cloud-only version of its trademarked customer relation management software. Socaltech reports the company will offer the new online-only software as a subscription for a monthly fee of $35.