Friday, April 19

Tag: snapchat

Snapchat Raises $1.81Bn For a Reported $20Bn Valuation
26May By reutersNo Comments
FUNDING

Snapchat Raises $1.81Bn For a Reported $20Bn Valuation

Messaging app Snapchat has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers. Snapchat did not disclose its valuation in the latest round of funding in its filing on Thursday but technology website TechCrunch reported on Monday, citing sources, that the company could be valued at about $20 billion. Snapchat, which makes a free mobile app that allows users to send videos, photos and messages that vanish in seconds, has faced concerns that the company's estimated valuation is not justified because of its uneven revenue stream. Investors in this round included General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine and Fidelity, among others, TechCrunch reported on Thursday,...
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Facebook developing camera app similar to Snapchat: Report
26Apr By reutersNo Comments
News

Facebook developing camera app similar to Snapchat: Report

Facebook Inc (FB.O) is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter. The app, being developed by Facebook's "friend-sharing" team in London, is in its early stages and may never come to fruition, according to the report. (on.wsj.com/24fDRxN) The company is also planning a feature that allows a user to record video through the app to begin live streaming, the newspaper reported. Facebook declined to comment on the report.
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16Mar By AnkitaNo Comments
News

Snapchat Working on Google Glass Rival: Report

NEW YORK: After changing the orthodox ways of chatting, video messaging application Snapchat is now reportedly working to give tough competition to Google with its own augmented reality (AR) "smart" glasses. According to a TechCrunch report, Snapchat has hired developers from major augmented reality groups like Microsoft's HoloLens, PTC's (formerly Qualcomm's) Vuforia and eye-tracking tech maker Eyefluence to make Snapchat's pair of "smart" glasses. The company showed interest when Google launched Glass and later bought Vergence Labs, which produced a pair of glasses equipped with an embedded camera for $15 million in March 2014. Company soon bought Scan.me for $50 million, a QR code-scanning/creating technology that would later manifest itself it the company's Snaptags feature. ...
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Snapchat Raises $175 Million Funding from Fidelity at Flat Valuation
5Mar By RishabhNo Comments
FUNDING

Snapchat Raises $175 Million Funding from Fidelity at Flat Valuation

Snapchat Inc. which makes a free app called Snapchat for sharing quick disappearing images and videos has recently raised a funding of $175 M from Fidelity at a $16 billion valuation, according to the Wall Street Journal. The catch is that Snapchat’s last round of funding in May 2015 reportedly valued the company at $16 billion, a 60% bump from its previous round in December 2014. Fidelity bought shares at $30.72 in February after paying that price last March. In the fourth quarter, a separate valuation committee at the mutual fund brought down the shares to $25.75. (more…)
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How Dorsey Manages Being CEO Of Both Twitter And Square companies
23Dec By PriyankaNo Comments
News

How Dorsey Manages Being CEO Of Both Twitter And Square companies

The busy CEO reveals his secret to managing a busy life. Jack Dorsey, the CEOs of both Twitter and payments technology company Square, has a secret to keep from being overwhelmed. “I look to build a lot of consistent routine,” he said during a question and answer session Tuesday on the online forum Product Hunt. “Same thing every day. Allows a steady state that enables me to be more effective when I do have to react to something out of band.” Many have questioned whether Dorsey can successfully hold two jobs simultaneously at public companies. It is a work load that few others have tried. Of course, Steve Jobs successfully ran both Pixar and Apple for years. But after that, it’s a short list of people who have been able to pull off holding dual roles.  Dorsey said in response t...
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