Search Results for: Snapchat
Snapchat co-founders just lost Over $1 Billion each
May 11th, 2017
Snap Inc. co-founders Evan Spiegel and Bobby Murphy lost more than $1 billion each after the company reported earnings for the first time Wednesday afternoon. Shares fell 25 percent to a low of $17.12 at 4:38 p.m. before rebounding ...
Bitcoin Price Can Reach $500,000 by 2030, Says Snapchat’s First Investor
April 11th, 2017
Bitcoin has been leading the list of cryptocurrencies in six of the past seven years, climbing from zero to a value of about $1,180. However, the potential of Bitcoin is much higher. Jeremy Liew, the first investor in Snapchat, ...
Snapchat founders, investors cash out nearly $1 billion in Snap IPO
March 3rd, 2017
Snap Inc.’s initial public offering raised nearly $2.5 billion for Snapchat’s parent company, but it is also raising nearly $1 billion for the founders and early investors. Snap SNAP, +44.00% announced Wednesday evening that it will sell 200 million ...
Snapchat IPO considered overvalued by analysts
March 1st, 2017
Snapchat owner Snap Inc. hopes to fetch between $14 and $16 per share in its initial public offering this week but analysts think it may be overvalued. The popular mobile app, which allows users to send photos and videos ...
Why an Ex-employee sues Snapchat?
January 6th, 2017
A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document. In the lawsuit filed on Wednesday ...
Snapchat buys Israeli augmented reality start-up for $40 million
December 27th, 2016
Snap Inc – the owner of Snapchat – has quietly acquired Israeli augmented reality (AR) start-up Cimagine Media for a reported $30 to $40 million, according to a media report. Cimagine Media makes software that allows businesses or consumers ...
Snapchat reveals $485m of funding at a reported $10bn valuation
January 2nd, 2015
Messaging app Snapchat has raised its latest round of funding, $485.6m, which may value the US-based company at more than $10bn. The funding was revealed in a filing with the US Securities and Exchange Commission (SEC), with 23 investors ...
Yahoo ‘set to invest millions’ in Snapchat
October 6th, 2014
Yahoo is close to investing millions of dollars in mobile messaging service Snapchat, which may value the start-up at about $10bn (£6.2bn), reports say. Snapchat allows users to send images and videos that “disappear” seconds after being viewed. The ...
Kleiner to invest in Snapchat at near-$10 billion valuation
August 27th, 2014
Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter. The ...
Alibaba in Talks to Invest in Snapchat
July 31st, 2014
Snapchat Inc. has held preliminary talks with Chinese e-commerce giant Alibaba Group Holdings Ltd. to raise a new round of financing that could value the mobile-messaging startup at about $10 billion, according to people familiar with the matter. The ...
