Snap
Auto Added by WPeMatico
Lawsuit claims Snap Inc. hasn’t been honest about its pre-IPO performance metrics
Against the backdrop of an imminent public offering, one former Snap Inc. employee is claiming in a lawsuit that the company inflated its performance metrics to lure investors.
Anthony Pompliano, the one-time head of Snap’s growth and user engagement team, is seeking an injunction and monetary relief after being fired just three weeks into his tenure. Mr. Pompliano, now a venture… Read More
Powered by WPeMatico
Strolling through the line at Snapchat’s NYC Spectacle store
Snap, the social media company formerly known as Snapchat, has launched a Spectacles pop-up shop in NYC. Inside the store, there is a Snap Bot (a vending machine full of Spectacles). Outside the store, there is a line — a long, winding line of people who stand out in the freezing cold to buy a pair of Snapchat-capable sunglasses. Personally, I have trouble justifying standing outside in… Read More
Powered by WPeMatico
Snapchat is reportedly looking to raise as much as $4B in its upcoming IPO
In May earlier this year, Snapchat raised around $1.8 billion in a financing round that valued it at around $18 billion — and now it looks like that valuation could double in its upcoming IPO. Bloomberg is reporting that Snapchat is looking to raise as much as $4 billion in its initial public offering that could value it as high as $35 billion. Previously, the company was reportedly… Read More
Powered by WPeMatico
After Quietly Acquiring SnapSaves, Groupon Launches Snap, Paying You To Shop
Groupon continues apace with its plans to evolve from an online daily deals giant into a wider e-commerce player, with an emphasis on mobile and local purchases. Today the company is launching a new app called Snap — which provides iOS and Android users with a set list of products, and gives you money back when you purchase them, by way of a photographed and uploaded receipt. Snap… Read More
Powered by WPeMatico