Odds and Ends 

Snap is reportedly laying off around 100 employees

Snap is laying off around 100 employees that are part of its engineering staff, according to multiple reports from CNBC and Cheddar. The company expects to lay off as many as 100 people in the engineering department, according to those reports. It’s another sign of potentially re-aligning efforts as it looks to remake itself into something that’s differentiated from products like Instagram, which is repeatedly copying many of Snap’s core features like Stories. With that constant risk of copying at stake, Snap has had to make some drastic moves, like…

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Snap stock falls as Kylie tweets, but banker ratings are in the mix too

At this point, if you haven’t accepted the celebrity influence of the Kardashian/Jenner machine, you probably haven’t been paying attention to pop culture at large. Snap is definitely paying attention. Yesterday, Kylie Jenner tweeted a pretty brutal takedown of Snapchat with the nonchalance that only a celebrity who has mastered social media better than most can do. sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad. — Kylie Jenner (@KylieJenner) February 21, 2018 The words were significant not only because of…

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Snap is selling a dancing hot dog costume on Amazon

This might perhaps be the most random thing I ever write, but here goes nothing. Snap, the maker of Snapchat and Spectacles, is selling the dancing hot dog costume on Amazon for $79.99. If you’re a Snapchat or Bitmoji user, you probably know exactly what I’m talking about. The dancing hot dog first emerged earlier this year when Snapchat rolled out an augmented reality dancing hot dog filter. Snapchat users began posting videos with the dancing hot dog getting run over by an incoming BART train and doing other random…

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Google reportedly offered $30 billion to acquire Snapchat

Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. The search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snaps last funding round, and just before its IPO this year, according to Business Insiders Alex Heath. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too. But Snaps notoriously independent CEO Evan Spiegel has apparently showed no interest in selling out to Google or anyone else.…

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The IPO market in 2017? Underwhelming so far, underscores a new survey

The IPO market isnt looking much more vibrant than last year, underscores a new survey. That could be discouraging for those who hoped a blah year would lead to a booming one. In fact, unless the fall is an especially active time for IPOs and it might be 2017 may well serve as one of the less memorable years in recent history. You probably remember some of these stats from 2016: a 65 percent decline in the number of U.S. IPOs from a recent high of 363 in 2014; a37…

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5 burning questions Blue Aprons IPO is about to answer

Blue Apron will be going public in short order, kicking off the second big major consumer IPO of 2017. Its nowhere near as big as Snap, but the company at the top end of its IPO pricing will be valued at around $3.2 billion as it looks to raise nearly $600 million. The companys IPO comes at an interesting time as we approach the midpoint for 2017, which has seen a big wave of IPOs since Snap went public at the beginning of the year. But since Snap went public,…

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Snap taps its IPO price as it continues to crash

Update: It happened! Snap fell down to its IPO price (for a few seconds) of $17 per share after its continued steady march south over the past several weeks. The company is now barely holding justabove its IPO price. Snaps last earnings report resulted in a disaster, and while the company still managed to stay above $20 for an extended period of time, a string of bad days for the market and likely increased skepticism for the companys future among the rest of the bundle of growth stocks is putting…

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Weekly Roundup: Teslas 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. how much will they cost? Turns out pricing is going to bedifferent for every home. Tesla has also built a cost calculator thatcrunches the numbers for your specific house. 2. Snaps stock got absolutely crushed after falling short of Wall Streets expectations in its first earnings…

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These are the three things one Silicon Valley VC wants to hear on Snaps first earnings call tomorrow

Snap, which Goodwaterpublished in early February, shortly before the company went public. (We wrote about it fresh survey data of 3,000 Americans across the country who Goodwater recently polled using a third-party service, firmco-founder Eric Kim who isnt a shareholder says hell be listening for three things on Snaps very first earnings call tomorrow: 1) Snapchats competitive response to Facebooks steady stream of attacks on its core platform. Snapchats storiesplatform has maintained market share over the last six months, but during that same period, Facebook has converted a whole lot…

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Snaps 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 itll be important for Snap to continue growing that business and get its costs in check, itll be nearly as important to convince Madison Ave. that it can be a mainstay ad buy alongside the big two (Facebook and Google). Snap, like Pinterest and Twitter, faces a steep challenge of convincing advertisers that they should be part of those regular ad…

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Snapchat will no longer show a white border around old Memories

Snapchat will rapidgrowth of Instagram Stories. So this change should help increase the amount of old Memories that users decide to send to friends and post to their story, since they no longer have to worry about it looking ugly or uncool.While shared Memories will still have a small note at the top saying how old the image is, its much less intrusive than the border. Notably, this doesnt change how Snapchat handles photos shared from the camera roll. see itself as a camera company, and wants to be the…

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