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Who Got Filthy Rich From Snap IPO: a High School, Millennials

Company's 26-year-old CEO is now looking at a $6B fortune

(Newser) - A California high school has made millions of dollars from the initial public offering of shares in Snap Inc., the company behind Snapchat. The board of Saint Francis High School in Mountain View agreed to invest $15,000 in seed money in Snap in 2012, when the company was just...

It's a Good Day to Be a Snap Co-Founder

Snap shares jumps 48% in IPO debut

(Newser) - Shares of Snap Inc. opened for trading on the New York Stock Exchange on Thursday at $24 per share, up from the IPO price of $17 per share—and kept climbing, per MarketWatch . As of this writing, prices have risen 48% to over $25 per share. Snap co-founders Evan Spiegel,...

Snapchat Parent Company Passes Big Wall Street Test

IPO priced above the expected range

(Newser) - For Snap Inc., a social media company that started its official bid to go public last Halloween, the looming question now is whether investors are in for a trick or a treat. Snap passed its first major test on Wall Street on Wednesday, when the company behind the popular messaging...

Tech IPO Everyone&#39;s Been Waiting for: Snap
Snap's Much-Awaited IPO
Looms, CEO 'Elusive'
THE RUNDOWN
Mar 1, 2017 9:03 AM CST

Snap's Much-Awaited IPO Looms, CEO 'Elusive'

Snap founder Evan Spiegel as secretive as ever right before much-hyped price set

(Newser) - Those who remember the hype when Alibaba priced its initial public offering of stock in 2014 will get to relive that excitement Wednesday when Snap does the same. Reuters reports the owner of the Snapchat messaging app will serve up a number at the end of the trading day, with...

Snapchat's Smash-Hit Glasses for Sale Online

Spectacles will run you $129

(Newser) - Snapchat found itself with a marketing sensation on its hands late last year when it began selling funky-looking sunglasses called Spectacles. The trick is they allow users to record quick videos and photos and send them directly to their Snapchat accounts, but the catch was they were available only through...

Snapchat's Parent Company Sets IPO Price

Snap Inc. values itself at up to $22B

(Newser) - Snap Inc. is listing the company's valuation at up to $22 billion as it prepares for the tech industry's biggest initial public offering in years , reports the AP . Snapchat's parent company said in a regulatory filing Thursday that the IPO is likely to be priced between $14...

Snapchat Is Going Public, Seeking Up to $3 Billion

It could be the biggest tech IPO in years

(Newser) - The company behind Snapchat, a teen-oriented social network famous for its quickly disappearing messages, has filed for what could be one of the largest tech IPOs in years, the AP reports. Snap Inc. said Thursday that it's seeking up to $3 billion in an initial public offering, a figure...

Cops: Killers Forced Man to Eat Cat Litter

Brutal Milwaukee attack captured on Snapchat

(Newser) - A young man in Milwaukee was beaten, urinated on, forced to eat cat litter, and dumped in a freezing alley to die the week before Christmas, all for the heinous crime of trying to steal a bong, police say. According to a criminal complaint, videos showing the brutal treatment of...

Secret Snapchat Filing Suggests Major IPO on Its Way

Initial public offering could be valued at between $20B and $25B—maybe more

(Newser) - Two years ago, Alibaba stunned the tech world, and the stock market in general, with the biggest initial public offering ever valued at $168 billion . Now Snapchat—technically Snap Inc. , as of September—looks to want in on the mega-IPO game: Sources tell Reuters the company has confidentially filed for...

Cops: Woman Hits Police Car While Taking 'Topless Selfie'

The Texas A&M freshman also allegedly had an open bottle of wine in her SUV

(Newser) - A Texas A&M student was arrested Wednesday after she allegedly crashed into a police car while taking a "topless selfie" for her boyfriend, KAGS reports. According to the Eagle , the cruiser was parked in the street with its emergency lights flashing when it was rear-ended by an SUV....

Snapchat Changes Name, Releases Camera Glasses

The camera-equipped sunglasses record up to 10 seconds of video

(Newser) - This weekend brings big news from Snapchat—the social media app the kids are using now that their parents are on Facebook. USA Today reports the company has changed its name from Snapchat to Snap Inc. It's also preparing to release camera-equipped sunglasses called Spectacles. Snap says the $129....

Police Track Down Woman Body-Shamed by Model

70-something victim reportedly wants legal justice for Dani Mathers' photo

(Newser) - A woman who was body-shamed by Playboy model Dani Mathers at an LA Fitness gym has been found—and Mathers may be facing jail time for her actions, TMZ reports. The celebrity site says the LAPD located the woman, said to be in her 70s, and she's willing to...

Woman Shoots Hand While Using Snapchat

Florida woman told cops she was posing with gun

(Newser) - It's only July, but Regina Powell, a 22-year-old woman from Florida, may have already locked down the title for Most Embarrassing Injury of the Year. Powell ended up in the hospital Sunday night after she shot herself in the hand while taking Snapchat video of herself posing with a...

Miranda Kerr Is Marrying Billionaire Snapchat Cofounder

They've been dating a year

(Newser) - An Australian supermodel and a tech billionaire are getting married, proving there truly is someone out there for everyone. Miranda Kerr announced her engagement to Snapchat CEO Evan Spiegel Wednesday on Instagram using characters from the Snapchat-owned Bitmoji in a bit of romantic synergy, Business Insider reports. The two have...

Care Worker Posted Photo of Corpse on Snapchat

Other photos showed residents using toilet: report

(Newser) - A website for a government-run long-term care facility in Canada promises residents will be treated to birthday parties, sing-a-longs, and a "foot spa day." Unsurprisingly, there's no mention of the incredible violation of privacy many residents suffered at the hands of a single employee. A government investigation...

Playboy Model Investigated, Banned Over Body-Shaming

Dani Mathers took a photo of a naked woman in a locker room and posted it online

(Newser) - Let this be a lesson to body-shamers everywhere. The Playboy model who took a photo of a naked woman in an LA Fitness locker room then posted it to Snapchat with the message "If I can't unsee this then you can't either" is facing a whole host...

This Playboy Model Just Did a Really Ugly Thing

Dani Mathers posted a photo of a nude woman at the gym

(Newser) - Dani Mathers says she became a Playboy model because she loves the female body. She had a funny way of showing it Thursday when she posted a photo to Snapchat of a nude woman in a locker room at an LA Fitness in Los Angeles, with the caption, "If...

Teen Sues Snapchat for Sexually Explicit Content

He encountered Disney characters in 'too real' sex-with-a-penis situations

(Newser) - John Doe is a 14-year-old kid in Los Angeles who gets good grades, likes history and science, and uses Snapchat to communicate with friends. But on July 1, he came across a (NSFW) BuzzFeed piece via Snapchat's Discover feature headlined "23 Pictures That Are Too Real If You’...

Snapchat Video Captured 1st Moment Shots Rang Out

Amanda Alvear had been posting videos of her night out

(Newser) - Amanda Alvear, 25, was posting videos to Snapchat documenting her fun night out at Orlando's Pulse nightclub—and ended up recording the beginning of the terror there early Sunday, the Guardian reports. In her final video, more than a dozen shots can be heard ringing out in the background....

More People Now Use Snapchat Than Twitter Each Day

Or so say Bloomberg's sources

(Newser) - A tech milestone: Sources tell Bloomberg that 150 million people use Snapchat each day, more than the 140 million who use Twitter each day. Snapchat started out four years ago as an app that quickly deleted photo messages after they were sent to other users, but now allows users to...

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