Bears take bite out of Snap stock September 12, 2018 Tech giant Snap saw its shares dive to another record low tonight after a damning note from an influential analyst described the company’s performance as “embarrassing”. The owner of the Snapchat messaging app was blasted by BTIG analyst Richard Greenfield, who urged investors to sell their shares in the firm. Snap’s shares closed at $9.89 [...]
Snap shares plunge as influential analyst cuts its rating to sell in disparaging note September 12, 2018 Tech giant Snap shed nearly 10 per cent of its share price today after an influential analyst released a disparaging note on the firm's fortunes and slapped it with a "sell" rating. BTIG analyst Richard Greenfield urged investors to sell the stock in a note, saying he was "tired of watching Snapchat decline from the [...]
Snapchat IPO: Founder Evan Spiegel reveals plans to take messaging app public May 27, 2015 Evan Spiegel, the co-founder and chief of the billion-dollar app Snapchat, has said the company is planning an IPO. "We need to IPO," the 24-year-old told a tech conference, ruling out an acquisition by a larger company. Spiegel did not divulge the time frame Snapchat is following to take the hugely popular app public, but [...]
RBS investment bank head Rory Cullinan resigns weeks after joking it was boring on Snapchat March 30, 2015 Rory Cullinan has resigned as head of Royal Bank of Scotland's (RBS) investment bank just weeks after he was caught complaining of being bored on Snapchat. RBS had only handed the role to Cullinan at the end of last month, and had expected him to lead a major scaling back program of its investment bank [...]
Alibaba just invested in Snapchat: Four charts showing just how big its new $15bn valuation is March 12, 2015 Everyone’s favourite disappearing messaging app, Snapchat, has raised a new round of funding from Alibaba which values the firm at $15bn (£10bn). It’s a vote of confidence for the four-year-old app, which has just introduced a host of content-driven advertising features in a bid to start generating some revenue. The app picked up $200m from [...]
2015 Forbes’ billionaires list: Bill Gates joined by Facebook’s Mark Zuckerberg, Uber’s Travis Kalanick and Snapchat’s Evan Spiegel March 2, 2015 While Forbes’ list of billionaires is topped by the usual suspects – Microsoft founder Bill Gates, business magnate Carlos Slim and investment guru Warren Buffett – young tech entrepreneurs are hot on their heels. Facebook founder Mark Zuckerberg joined the top 20 for the first time with an estimated fortune of $33.4bn (£21.7bn), placing him [...]
How much is Snapchat worth? Four charts showing just how big Snapchat’s $19bn valuation is February 18, 2015 Everyone’s favourite disappearing messaging app, Snapchat, has raised a new round of funding which values the firm as high as $19bn (£12.3bn). It’s a vote of confidence for the four-year-old app, which has just introduced a host of content- driven advertising features in a bid to start generating some revenue. The app is looking to [...]
Snapchat picks up Credit Suisse banker who led Alibaba’s float December 9, 2014 SNAPCHAT made its money-making intentions clear yesterday with the appointment of a major investment banker from Credit Suisse. Evan Spiegel, the 24-year-old founder of the hugely popular messaging app, has brought in heavy-hitter Imran Khan, formerly the head of investment at Credit Suisse who led the bank’s team on Alibaba’s $25bn (£15.9bn) float this year. [...]
Snapchat hires Credit Suisse banker Imran Khan to lead strategy after billion dollar valuation December 9, 2014 Snapchat has made its money-making intentions clear with the hire of a major investment banker from Credit Suisse. Evan Spiegel, the 24-year-old founder of the hugely popular messaging app, has brought in heavy hitter Imran Khan, formerly the head of investment at Credit Suisse who led the bank’s work on the Alibaba IPO earlier this [...]
Snapchat moves into mobile banking with the launch of Snapcash: Will it rival Facebook, Twitter? November 18, 2014 Snapchat is taking the plunge into the mobile payments market, with the announcement of a new app that lets users transfer cash at the hit of a button. The photo messaging service, which lets users send photos vanish after a maximum of 10 seconds, unveiled Snapcash in a blog post yesterday: The product you’re [...]