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Snap Loses $443M On Revenues Of $181M In Second Quarter

socalTECH

Venice-based Snap Inc. announced its quarterly results for its second quarter, saying that it had a net loss of $443.0M The company's revenues increased from Q2 of 2016, when it had $71.798M in revenues. on revenues of $181.67M for the quarter ended June 30th, 2017. READ MORE>>.

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Snap Sets Initial Estimated IPO Range, Seeks Up To $3.6 Billion In IPO

socalTECH

Venice, California-based Snap Inc. , the parent company of Snapchat , has set its estimated initial IPO pricing, saying this morning in a filing that it estimates its initial public offering price at betwen $14.00 Snap said it is planning to sell as many as 230,000,000 shares of its stock, which would net it around $3.68

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Snap Set For Punishing Day On Wall Street

socalTECH

Venice, California-based Snap is set to see a punishing day on Wall Street, after reporting poorer than expected third quarter results last night, including poor user growth and sales. Shap continues to lose money, hand over first, reporting it had a net loss of $443.1M on Tuesday to around $13.33 READ MORE>>.

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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

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COMPANY FB COMPANY|FB. COMPANY GOOG COMPANY|GOOG. COMPANY YHOO COMPANY|YHOO. COMPANY MSFT COMPANY|MSFT. COMPANY TSLA COMPANY|TSLA. PIXELS IN PARADISE | Andrew Frame, founder of the Internet-telephone company Ooma, paid $5.5 Financial News. Professor Journal. SmartMoney.