Snap
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Crunch Network
IPOs, leaving money on the table and get off my lawn
IPO pops, who makes off with the money and leaving money on some damn table. Read More
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Weekly Roundup: Tesla’s solar roof tiles, Snap stumbles through Q1 earnings
This week, Tesla launched pre-orders for its solar roof tiles, Snap Inc. stumbled through its first earnings report and Apple bought up a small sleep tracking startup. These are a few of the top stories from this week, plus some longer weekend reads. 1. Tesla’s highly anticipated solar roof tiles went up for pre-order. The question everyone seems to be asking though, is how much will… Read More
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Equity podcast: Where did Snap’s market cap go, and why does Josh Elman like grammar?
Welcome back to another episode of Equity, TechCrunch’s weekly podcast focused on finding the humor in money. This week, our own Katie Roof, Matthew Lynley and Alex Wilhelm, along with Greylock’s Josh Elman huddled in the SoMa studio right after a certain earnings report. We recorded a day early this week, as a full 66 percent of the core cast had Thursday morning… Read More
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Crunch Report | Snap Trips and Falls on Wall Street
Snap has a pretty rough day with its first earnings report, Didi Chuxing gets a big $5 billion investment from SoftBank and the author of “Cracking the Coding Interview” comes into the studio to challege John Mannes at Connect 4. All this on Crunch Report. Read More
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Lightspeed’s co-founders on their 17-year-long ‘overnight’ success story
Lightspeed Venture Partners is having quite a year. But to learn a little more about the firm’s earliest days, how exactly it helps startups and whether it thinks the pace of innovation right now can keep up with the amount of capital flooding the market, investor Semil Shah of the seed-stage firm Haystack sat down with Lightspeed co-founders Ravi Mhatre and Barry Eggers. Read More
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Snap is the new stubborn, slow-growing Twitter
Twitter fell apart in 2013 when its growth slowed significantly in the face of competition and copying from Facebook, and users found it too hard to find the best content due to its unsorted reverse chronological feed. Its share price fell 18 percent a quarter later as the growth troubles continued. Snapchat fell apart today when its growth slowed significantly in the face of competition… Read More
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Snap is getting absolutely crushed after falling short of Wall Street’s expectations
Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The stock is down more than 20 percent in extended trading after it reported its first-quarter earnings. In short, it doesn’t look good. Read More
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These are the three things one Silicon Valley VC wants to hear on Snap’s first earnings call tomorrow
Goodwater Capital has been trying to stake out new territory for itself by publishing a steady stream of research and tools that help inform both competing firms and startup founders. One of those pieces of research was a detailed snapshot of Snap. Armed with fresh survey data, firm co-founder Eric Kim says he’ll be listening for three things on Snap’s first earnings call. Read More
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Snap’s first earnings this week will give a heat check on the new ad ecosystem
When Snap went public earlier this year, it revealed a break-neck level of growth in its nascent advertising business — and a dramatic burn rate along with it. But while it’ll be important for Snap to continue growing that business and get its costs in check, it’ll be nearly as important to convince Madison Ave. that it can be a mainstay ad buy alongside the big two (Facebook… Read More
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Snapchat’s take on TV is very different from Twitter’s, but similarly motivated
Snap, Inc. has been very successful in luring legacy TV content providers and networks to its yard, mostly on the back of its unique demographics. Wall Street Journal reports that Snap has deals in place with NBCUniversal, A&E, Discovery, ABC, the NFL and is in talks with CBS and Fox, and will today announce a deal with Scripps Network Interactive, which is responsible for the Food Network… Read More
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Snapchat will no longer show a white border around old Memories
Snapchat will no longer show that annoying white border around old photos that you share from Memories. Previously, if you shared a photo from Memories that was more than 24 hours old it would have a white border around the image. The border ended up annoying users who didn’t want their snaps altered, sometimes to the point where they would decide not to share the old content at all. Read More
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Crunch Report | Quora Valued At Around $1.8B
Today’s Stories Q&A app Quora valued around $1.8 billion in $85 million fundraise Elon Musk’s Neuralink wants to turn cloud-based AI into an extension of our brains Duolingo launches paid subscriptions as it experiments with new ways to monetize its service Snap acquires the crucial geofilter patent from Mobli for a record $7.7M Credits Written and Hosted by: Anthony Ha
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Snap acquires the crucial geofilter patent from Mobli for a record $7.7M
According to Snap’s S-1 filing for its IPO, of the $400 million in revenues the company has, $360 million is made by selling “Geofilters,” or photo filters based on location, which advertisers can buy. So owning the patent on that concept would seem pretty crucial. But Snap has never had such a patent, until now. Read More
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Yext is set to raise $115.5M in its IPO after final pricing
Yext today said it would price its initial public offering at $11, meaning the company will raise around $115.5 million in its IPO as it sets up for a debut tomorrow. Read More
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Snapchat launches Bitmoji widget chat shortcuts for your home screen
Snapchat is doubling down on private messaging as Instagram and Facebook Messenger clone and steal usage from its Stories feature. Now you can instantly start chatting with your best friends on Snapchat. Read More
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Identity management software provider Okta files for today’s second $100M IPO
It looks like Snap’s (at least perceived) successful IPO has officially opened the window: Following Yext officially filing for an IPO this afternoon, identity management software company Okta just dropped its official filing for an IPO. Read More
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Snap opens second Spectacles pop-up shop in Venice, LA
Snap today took another step on its quest to truly become the “camera company” it says it is. Following the November 21st launch and subsequent February 20th close of its NYC pop-up shop, it’s now opening a temporary store on the Venice boardwalk near its Los Angeles headquarters. Of course, would-be camera sunglasses buyers don’t have to trek to a physical location… Read More
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Snap has already tumbled 11% on day four
Snap, the parent of Snapchat, had a great first two days on the stock market, only to be followed by two terrible ones. Shares quickly tumbled to beneath $22, a more than 11 percent drop in morning trading. This means that most investors are already losing money on the social media company. Snap opened Thursday at $24 per share. It is still above its $17 IPO price, but that’s… Read More
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Crunch Report | NBCUniversal Invests $500 Million in Snap
NBCUniversal invests $500 million in Snap, Jeff Bezos has plans for a Moon expedition, Uber plans to turn its app into a content marketplace and more Uber troubles. All this on Crunch Report. Read More
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