The seven trends in the digital sport world to look out for in 2019 December 11, 2018 This has been a transformative year for the digital sport landscape, from tech giants Amazon and Facebook making major rights acquisitions to a rise in behind-the-scenes and self-authored content. Here, Charlie Beall of consultancy Seven League assesses the trends that dominated 2018 and look set to shape the next 12 months. 1. Athletes becoming media As [...]
Snap’s IPO to be probed by US authorities over weakened share price November 14, 2018 The initial public offering (IPO) of social media giant Snap is to be probed by the US Department of Justice and the Securities and Exchange Commission (SEC), following on ongoing lawsuit against the firm. Snap confirmed it had responded to requests for information from the two US authorities in a statement this morning, after the [...]
Snap’s head of content jumps ship despite recent launch of Netflix-style original video November 13, 2018 London entrepreneur Nick Bell has become the latest executive to leave Snap, as the vice president of content resigned only a month after launching the app's Netflix-style original service. Bell informed employees of his departure yesterday, leaving behind just one member of Snap's leadership team from when the company went public last year, outside of its two co-founders. [...]
Snap reports user losses despite topping revenue expectations October 25, 2018 Snapchat parent firm Snap has reported its second consecutive decline in daily active users for its third quarter. Snap finance chief Tim Stone added user numbers will continue to fall again next quarter, causing its share price to drop more than eight per cent in after-hours trading. However the loss-making social media firm topped expectations for average revenue [...]
Technology is set to be this week’s hottest ticket on Wall Street as its biggest leaders go head-to-head October 21, 2018 This Thursday is set to be a battle of the technology heavyweights, as behemoths Amazon, Alphabet, Snap and Twitter all report their quarterly results. Both Amazon and Alphabet, the parent company of Google, trounced consensus estimates last quarter, with Amazon truly shaking up the game on Wall Street with earnings per share rising over 1,157 per cent [...]
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 [...]