Snap IPO
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Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit
Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the process.
The details were made public for the first time in… Read More
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Snapchat international user growth slowed in the second half of 2016
Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that at the end of 2016 the company had 158 million daily active users who… Read More
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Snap has finally filed publicly for its massive IPO
This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to one with more than 150 million daily users — and one with a strong pitch to advertisers based on the engagement of the… Read More
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