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

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According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report. What's behind the turnaround in the online ad business of Venice-based Snap ?

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Snap Revenues Up, But Company Still Posting Big Losses

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Santa Monica-based Snap , the parent firm of Snapchat, reported its results on Tuesday afternoon, saying that its fourth quarter revenues were up 36 percent to a record, $390M. 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. READ MORE>>.

Company 113
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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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j2 Global's Q1 Revenues Rise To $299.9M

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Los Angeles-based J2 Global , the owner of such Internet publishing brands as IGN, Mashable, PCMag, Everyday Health, and also cloud services such as eFax, eVoice, KeepItSafe, and Livedrive, reported its quarterly results on Tuesday evening, saying that its quarterly revenues rose to a record of $299.9M.

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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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Snap Misses On Revenues, As UI Changes Hit Bottom Line

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Venice-based Snap , the parent company of Snapchat, missed its estimated revenue targets in Q1, reporting revenues of $230.7M consensus estimate by analysts, as the company reported issues due to the controversial user interface changes at the company during the quarter. The company reported a net loss of $385.8M

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Super League Gaming Sees IPO, But Drops In Debut

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The company reported in its S-1 that it had a net loss of $20.62M for the year ended December 31, 2018, on sales of $1.04M. Super League Gaming's IPO was underwritten by Northland Capital Markets, Lake Street, and National Securities Corporation. Super League Gaming is led by President and CEO Ann Hand. READ MORE>>.