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Tag: Snapchat

Facebook says a new London headquarters will take its British workforce to 1,500 staff, adding that Britain "remains one of the best places to be a tech company"

Reuters: Facebook Signs BuzzFeed, Vox, Others for Original Video Shows

(Reuters) — Facebook Inc (FB.O) has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar with the situation.

Outlining the financial details of its initial public offering (IPO), Snap Inc. said it expects net proceeds of some $2 billion

Snapchat May Have Hit Demographic Ceiling: Report

With the highly anticipated Snap, Inc. initial public offering (IPO) set to raise about $3.2 billion on March 1 by pricing shares at the high end of their expected range, a new report reveals that young social media consumers prefer Instagram, and millennial parents ages 45-to-54 are Snapchat’s only growth demographic.

AFP

Snap IPO Warning: Ex-Employee Says Books Are Cooked

Snapchat’s social media parent, Snap, Inc., seemed headed for a $5 billion IPO until a former employee alleged in a conveniently timed lawsuit that the company misrepresented its financial position and pressured him for proprietary secrets about his former employer, Facebook.

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