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May 26, 2016
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Snap Chief Financial Officer Resigns
Tim Stone, Snap Inc.’s chief financial officer, announced Jan. 15 he will resign after working for the Santa Monica social media company for just eight months.
Snap Inc. Shares Tumble After Underwriter Downgrades Stock
Snap Inc., the Venice developer of the Snapchat app, took a pummeling on the stock market on Tuesday, falling nearly 9 percent to close at $15.47 a share.
Snap Rolls Out Ad Manager for Small Businesses
Snap Inc. rolled out its ad manager tool on Monday, which makes it easier for small businesses to buy and manage ad campaigns on Snapchat.
Snapchat Photos Can Now Be Viewed Indefinitely
Snapchat users can now opt to allow their photos to be viewed indefinitely instead of having them disappear after 10 seconds, according to a statement released by Venice’s Snap Inc. on Tuesday.
Snap Prices Shares at $17 for Thursday’s IPO
Despite questions about slowing user growth and a $500 million loss on its 2016 balance sheet, Snap Inc. priced its initial public offering at $17 a share Wednesday, a day before it starts trading on the New York Stock Exchange.
Snap’s Challenges to Gain Increased Focus in Public
INVESTMENT: Message app will feel pressure to expand ad reach, age of user base.
Business Journal lays out five factors that could figure in to Snap’s first year as a public company.
UPDATE: Snap Inc. Files for $3 Billion IPO; Discloses 158 Million Daily Active Users
Snap Inc., parent company of ephemeral photo-sharing and messaging app Snapchat, has filed for a $3 billion initial public offering of its stock on the New York Stock Exchange in March.
Snap Inc. Opens Up its Automated Bidding Platform
Ahead of its forthcoming initial public offering, Snap Inc. has unlocked its automated advertising bidding program to all marketers.
Snap Inc. IPO Could Come in March
Snap Inc. intends to publicly file for an IPO next week, according to Recode, putting it on track for a March offering.
Former Snapchat Executive Alleges App Misrepresented Growth Numbers
The former head of Snap Inc.’s user growth filed a lawsuit Wednesday alleging the company is cooking those numbers.
Snap Inc. Files for IPO
Snap Inc., parent company and developer of messaging app Snapchat, has confidentially filed for an initial public offering of its stock with the Securities and Exchange Commission, according to multiple press reports. The Venice-based company would likely initiate its IPO in March, an offering which would value the company between $20 billion and $25 billion, according to sources cited by Reuters and The Wall Street Journal. It was also reported last month that startup is seeking to raise up to $4 billion from its offering. The firm was valued at $17.8 billion by private investors during a fundraising round in May.
Snapchat Reportedly Preparing for $25B IPO
Snap Inc. is reportedly preparing for a $25 billion initial public offering of its stock this March.
Snapchat Projected to Generate Nearly $1 Billion Next Year
Snapchat is projected to generate nearly $1 billion in advertising revenue next year, according to a report by eMarketer.
Snapchat Confirms Bitstrips Acquisition
Snapchat of Venice has confirmed that it has acquired Bitmoji app maker Bitstrips of Toronto.
Oh, Boy! Smut Suit Hits Snapchat
INTERNET: Class action filed on behalf of 14-year-old user.
Attorney looks to send a lasting message to Snapchat with a decency lawsuit filed on behalf of a boy.
Snapchat Raises $1.2B, Aims at Explosive Growth
Snapchat has raised a $1.2 billion round of capital, according to a filing with the Securities and Exchange Commission. The valuation of the Venice company was not disclosed.