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Snap Revenues Up, But Company Still Posting Big Losses

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However, the company is still posting big losses, saying it had a net loss of $191.7M on its quarter, which ended December 31, 2018. billion for the year, and a net loss of $1.25 Snap reported revenues of $1.18 Snap says it now has around 186 million daily active users, which were flat from quarter-to-quarter.

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Report: Snap's New Chief Business Officer Turning Around Ad Business

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billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report. According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. Gorman previously was an executive at Amazon, and was appointed to the position in October.

Report 113
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Growth Capital Conference

SoCal Tech Calendar

Thursday, April 26, 2018 -- Network with capital sources: Angels,VCs,High Net Worths,advisors and 100 entrepreneurs seeking capital and counsel. See [link] (more)

Capital 100
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Inhibrx Files For IPO

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The company reported a net loss of $31.02M in 2018 on revenues of $8.5M; the company's current revenue stream includes both license fees and grants. The IPO is being underwritten by Evercore ISI, Barclays, Nomura, and Raymond James. Inhibrx is backed by LAV Biosciences Fund and Viking Global Investors.

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Growth Capital Conference

SoCal Tech Calendar

Thursday, October 25, 2018 -- Growth Capital Conference. Network with Investors: Angels, VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital and counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp! See p://www.GCC2000.org.

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Activision Blizzard To Slash Almost 800 Employees

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The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 Activision Blizzard CEO Bobby Kotick said that, although its financial results for 2018 "were the best in our history", the company "didn't reaize our full potential"--triggering the job cuts. bllion, up from the $7.02

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j2 Global's Q1 Revenues Rise To $299.9M

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Those quarterly results were up from Q1 of 2018, when the company had revenues of $280.6M. The company said net cash provided by its operating activities increased to $116.9M for Q1, and the company now has approximately $320M in cash on hand.