socalTECH

MAY 24, 2019

Employees of Venice-based Snap , the parent company of Snapchat , have been abusing access to a tool--SnapLion--that allows them to retrieve user data, including saved Snaps, location information, phone numbers, and email addresses, according to a report.

Snapchat 113

Snapchat Tool Report Venice 113

socalTECH

AUGUST 12, 2020

Venice, California-based Snap , the parent company of Snapchat , has reportedly been in talks with New York-based Dubsmash on an acquisition, according to The Information, which says that Facebook also has been talking with the TikTok competitor. The Information cited "a person familiar with the matter".

Report 113

Report Snapchat Venice Acquisition 113

socalTECH

MAY 11, 2018

A new report this morning says that a new survey of users of Venice, California-based Snap 's social networking app, Snapchat , finds opinion of the brand has dropped significantly due to its redesign. READ MORE>>.

Snapchat 113

Snapchat Report Venice Social Network 113

socalTECH

JANUARY 18, 2018

Venice, California-based Snap has laid off two dozen employees, who were working on its branded content efforts, according to a report on Thursday. The employees were reportedly working on Snap's Discover section. READ MORE>>.

Report 113

Report Venice Content 113

socalTECH

DECEMBER 26, 2018

In a scathing report--published over the holiday weekend--the WSJ says that Venice-based Snap , the parent company of Snapchat. is "struggling after the CEO ignored warnings about a redesign that proved unpopular" saying that Spiegel's "imperious style" has caused users to flee from the service. READ MORE>>.

Report 113

Report Snapchat Venice Services 113

socalTECH

AUGUST 5, 2019

What's behind the turnaround in the online ad business of Venice-based Snap ? 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. READ MORE>>.

Report 113

Report Snapchat Venice .Net 113

L.A. Business Journal

FEBRUARY 28, 2018

Snap putting more than half of office space in Venice up for lease; data visualization startup Virtualitics raises $7 million; and Overwatch League hires former WME-IMG VP of Licensing.

Venice 100

Venice Report Startup 100

socalTECH

OCTOBER 6, 2016

Venice-based instant messaging company Snap Inc. otherwise known as SnapChat , is aiming at a March IPO, according to a report on Thursday afternoon. The WSJ reports that the company is looking to hit the market as early as March , in a deal which would value the company at $25 billion.

Snapchat 157

Snapchat Report Venice Invest 157

socalTECH

MARCH 29, 2018

Venice-based Snap has cut another 100 of its employees , according to reports on Thursday, as it continues to trim its workforce. The cuts this time apparently came from the advertising side of Snap, and follows a big layoff of engineers in February. READ MORE>>.

Report 100

Report Layoffs Venice Advertising 100

socalTECH

OCTOBER 23, 2017

A report, published by The Information this morning, says that Venice, California-based Snap "badly overestimated demand" for its Spectacles product, and now has hundreds of thousands of units piled up in warehouses. The report cited two people "close to the company", saying Snap is "already struggling to meet expectations".

Report 113

Report Venice Demand Product 113

socalTECH

NOVEMBER 20, 2018

A report today says that Venice, California-based Snap is getting set to launch a another version of its Spectacles, its connected, video- and snapshot-capturing sunglasses, for the heady price of $350.00.

Report 113

Report Venice Pricing Snapchat 113

socalTECH

MAY 25, 2016

A report published this week--which heavily relies on third party assumptions, back calculations, and analysis of regulatory filings--says that Venice, California-based Snapchat is out looking for $200M in funding again, this time valuing the company around $20 billion.

Snapchat 133

Snapchat Report Venice Funding 133

socalTECH

JUNE 7, 2013

Venice-based photo messaging service Snapchat is reportedly raising $100M in funding, at a valuation of half a billion dollars, according to a report Friday. Snapchat--which operates a mobile photo messaging service which is very popular with the teenage set--is backed by Benchmark Capital, and had previously raised $12.5M

Snapchat 187

Snapchat Report Southern California Venice 187

socalTECH

AUGUST 3, 2017

A report on Thursday said that Google offered to buy Venice, California-based Snap , the parent company of Snapchat , in a deal worth $30 billion. The report , from the Business Insider, cited "three people" including people "inside and close to the company" for the information.

Google 124

Google Report Snapchat Venice 124

socalTECH

SEPTEMBER 7, 2016

A report, published by eMarketer on Tuesday, says that Venice, California-based Snapchat will earn an estimated $1 billion in ad revenues next year. The report predicted that Snapchat will represent 2 percent of social network ad dollars in the US next year. READ MORE>>.

Snapchat 100

Snapchat Report Social Network Venice 100

socalTECH

NOVEMBER 15, 2016

A report on Tuesday afternoon from Reuters says that Venice, California-based social communications and networking app developer Snapchat has filed its paperwork for its IPO. No terms or details on that IPO have been yet announced by the company, which has been rumored to be working on an IPO for months. READ MORE>>.

Snapchat 100

Snapchat Report Venice Networking 100

socalTECH

JULY 30, 2014

Venice-based Snapchat is reportedly in talks with Alibaba for more funding, in a deal which values Snapchat at $10 billion. The report, from Bloomberg, did not say how much Snapchat is looking to raise from Alibaba. Bloomberg cited "people with knowledge of the situation." Neither companies have commented on the rumors. READ MORE>>.

Snapchat 149

Snapchat Report Funding Venice 149

socalTECH

AUGUST 16, 2016

Venice-based Snapchat is reportedly near a $110M acquisition of mobile search startup Vurb , according to reports. The original report cited a "person famliar with the deal". Neither Snapchat nor Vurb have yet confirmed the deal, which apparently has yet to be signed. READ MORE>>.

Snapchat 100

Snapchat Acquisition Report Venice 100

socalTECH

AUGUST 25, 2016

A report, published Thursday by Bloomberg, says that Apple is working on a clone of the software from Venice, California-based Snapchat --in a bid to make a renewed push into the social networking area.

Snapchat 100

Snapchat Report Social Network Venice 100

socalTECH

AUGUST 2, 2017

Venice, California-based Snap is reportedly looking to buy Chinese drone maker Zero Zero Robotics , the maker of the "Hover" selfie drone. According to The Information, Snap is looking to pay between $150M and $200M for Zero Zero Robotics. The deal apparently was denied by Zero Zero Robotics' CEO Meng Qui Wang. READ MORE>>.

Report 113

Report Venice Snapchat Acquisition 113

socalTECH

OCTOBER 6, 2014

Yahoo is planning a big investment in Venice-based Snapchat , in a deal that values Snapchat at $10 billion, according to a report over the weekend. The WSJ reports that Yahoo is investing around $20M in Snapchat at the lofty valuation, using money it cashed out of the IPO of Alibaba. READ MORE>>.

Yahoo 153

Yahoo Snapchat Invest Report 153

socalTECH

APRIL 3, 2018

A report, published Tuesday by CNBC, says Venice, California-based Snap is in advanced talks to set up a new office in Saudi Arabia. The report said the move is related to an effort by Saudi Arabian Crown Prince Mohammed bin Salman to help train Saudi youth to develop content for the market.

Southern California 113

Southern California Report Snapchat Venice 113

socalTECH

JUNE 22, 2017

Venice, California-based Snap Inc. , the parent company of Snapchat , has acquired social app startup Zenly , in a deal reportedly worth $250M to $350M in cash and stock. Zenly is the developer of a social, location sharing app which lets you track where your friends are at any time.

Snapchat 113

Snapchat Report Venice Services 113

socalTECH

SEPTEMBER 9, 2016

A report says that Venice, California-based instant messaging app developer Snapchat has just opened up a new line of credit from Morgan Stanley. The report--from Recode--cites "multiple sources" in the report, and speculates that Snapchat is looking to avoid further shareholder dilution and equity.

Snapchat 100

Snapchat Report Venice Equity 100

L.A. Business Journal

FEBRUARY 14, 2017

Seed-stage companies in Los Angeles received a total of $369 million in funding in 2016, according to report from Venice tech accelerator Amplify.LA.

Seed Funding 235

Seed Funding Venice Funding Los Angeles 235

socalTECH

AUGUST 27, 2014

Venice-based Snapchat is in the midst of raising a new round of funding, led by storied venture capital investor Kleiner Perkins Caufield & Byers, which valued the company at close to $10 billion, according to a report. The report also said that Snapchat has around 100 million monthly active users now using its messaging service.

Snapchat 168

Snapchat Report Social Network Funding 168

socalTECH

MARCH 4, 2016

Venice-based instant messaging app maker Snapchat has raised another $175M in funding , according to the WSJ this morning, from Fidelity Investments. According to the report, the new funding values Snapchat at $16 billion, the same valuation as the company's last funding injection. Snapchat has now raised more than $1.2

Snapchat 100

Snapchat Report Venice Invest 100

socalTECH

DECEMBER 20, 2016

Venice-based Snap , the parent firm of Snapchat, has acquired San Francisco-based ad technology developer Flite , according to reports this morning. According to recode, the acquisition is an "acquihire", and Snap is using the buy to help bring in new ad technology talent, rather than any software developed by Flite.

Report 100

Report Venice Snapchat Software Development 100

socalTECH

NOVEMBER 13, 2013

In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal.

Snapchat 210

Snapchat Report Southern California Journal 210

socalTECH

APRIL 26, 2021

Venice, California-based Snap, the parent company of Snapchat, has acquired 3D image acquisition company Pixel8earth. The deal was reportedly worth $7.6M. Pixel8earth develops a crowdsourced, 3D imagery acquisition service, which allows people to help build out a an open, 3D map of the world--mapping into 3D space.

Snapchat 113

Snapchat Venice Acquisition Report 113

socalTECH

JANUARY 16, 2017

A report on Monday says that Evan Spiegel and Bobby Murphy, the founders of Venice-based Snap Inc. , The report cited "people familiar with the matter" in the yet-to-be-filed IPO, which is among the most anticipated in Southern California's history. via an IPO which will offer less powerful voting shares to investors.

Snapchat 100

Snapchat Report Southern California Venice 100

socalTECH

OCTOBER 26, 2016

Venice-based Snapchat is hoping to launch an IPO, which will raise the company an astounding $4 billion in capital--valuing the company at between $25 billion and $35 billion--according to a report on Wednesday from Bloomberg. The report cites "people familiar with the matter" for the information.

Snapchat 100

Snapchat Report Venice Capital 100

socalTECH

OCTOBER 12, 2016

Venice-based Snapchat has selected two investments banks--Morgan Stanley and Goldman Sachs--to lead the company's much anticipated IPO, according to a report from Reuters Wednesday afternoon. The report--citing "a source familiar with the situation"--said the IPO would value Snapchat at $25 billion.

Snapchat 100

Snapchat Report Venice Invest 100

socalTECH

MARCH 8, 2016

Venice, California-based Snapchat reportedly is hoping to generate between $300M and $350M in revenue this year, according to a report published Tuesday. The report, from Recode, cited "multiple sources" in the sales target.

Snapchat 100

Snapchat Report Venice Sales 100

socalTECH

JULY 19, 2012

Venice-based MovieClips , the online site which allows people to share and view clips from movies, has raised a Series C funding round, according to reports. No details on the funding, which was first reported by Dan Primack at FORTUNE, have been released. The report said the valuation of the roudn was around $80M.

Report 147

Report Venice Venture Capital Capital 147

socalTECH

JANUARY 31, 2017

The highly anticipated IPO filing for Venice, California-based Snap Inc. , the parent company of Snapchat is now expected as early as this week, as reports say the company has selected the New York Stock Exchange (NYSE) for its listing. The company's IPO is rumored to value the company at more than $25 billion. READ MORE>>.

Snapchat 100

Snapchat Report Venice Company 100

socalTECH

OCTOBER 24, 2018

An effort to register new voters via Snapchat has resulted in 418,000 new voters, according to numbers given by Venice, California-based Snap to the New York Times.

Snapchat 153

Snapchat Venice Report Services 153