article thumbnail

Stock Price Falls After Snapchat Posts Ad Referencing Domestic Violence

L.A. Business Journal

An ad for a Snapchat game asking Snapchat users whether they would rather “slap Rihanna” or “punch Chris Brown” drew criticism from Rihanna on another social media outlet and was soon followed by a 4 percent drop in the stock price for Snap Inc., the parent company of Snapchat.

Snapchat 100
article thumbnail

Snap Prices IPO, Debuts On NYSE Tomorrow

socalTECH

has officially priced its IPO, saying on Wednesday afternoon that it will sell 200M shares of its common stock at $17.00 billion for Snap, the company behind Snapchat , valuing the company at approximately $24 billion. Snap's IPO priced above its initial estimated pricing range, which had been between $14.00 billion each.

Pricing 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Snapchat's Latest Funding Round Hits $1.8 Billion

SoCal Tech Calendar

Venice, California-based Snapchat has raised $1.8 Rowe Price, Lone Pine, Glade Brook Capital, IVP, Coatue Management and Fidelity are involved in this latest funding. Details on the round have not been announced. READ MORE>>.

Snapchat 113
article thumbnail

Snap Inc.’s Share Price Soars After Revenue Beats Expectations

L.A. Business Journal

s share price soared more than 26 percent to as high as $17.80 6 after the Snapchat developer posted revenue for the quarter ended Dec. a share in after-hours trading Tues., 31 that beat stock analysts’ expectations.

Pricing 100
article thumbnail

Silicon Beach Report Nov. 9: Snapchat Redesign Scheduled for Dec. 4 Release

L.A. Business Journal

Snapchat redesign scheduled for release on Dec. 4, Disney to price streaming service 'substantially below’ Netflix, and Activision’s ‘Call of Duty’ rakes in $500 million.

Snapchat 100
article thumbnail

Report: Snapchat Discussing IPO With Bankers, Eyes IPO Next Year

socalTECH

Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017. READ MORE>>.

Snapchat 100
article thumbnail

ChowNow Launches New Product

socalTECH

The brands include Google, Snapchat, OpenTable, Tripadvisor, Yelp, plus a number of airline and hotel rewards programs. Pricing on the new product was not announced. According to the company, the new product helps connect restaurants to over a dozen channels for delivery and takeout.

Product 113