Snapchat company sets IPO valuation target at $19 billion

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Snap Inc. set a starting price range of $14 to $16 per share for its initial public offering, which could value the Los Angeles technology company at $19 billion.

The IPO of the Snapchat mobile app developer is expected to be the largest ever for a Los Angeles firm and the biggest since Alibaba…

Yahoo warns users of potential malicious activity on their accounts

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Yahoo Inc. is warning users of potentially malicious activity on their accounts between 2015 and 2016. It’s the latest development in the Internet company’s investigation of a mega-breach that exposed 1 billion users’ data a few years ago.

It’s not clear how many users were affected by malicious…

What to do with holograms? 8i gets $27 million to explore the possibilities

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8i Corp. has robust software. After 42 cameras collect images of a person on a stage, the Culver City start-up’s program renders a realistic 3-D replica of the individual on a computer.

The question now is why would anyone want to pay for a hologram of themselves?

8i thought people would like the…

Twitter plans to start weeding out abusive tweets before you see them

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Twitter Inc. knows it has a problem with online abuse, and on Tuesday it announced three changes it’s making to help users deal with it.

The social network said in a blog post that it’s cracking down even more on repeat abusers who make new accounts to continue trolling people who have blocked…

Video game conference may lose attendees due to travel ban

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Ahmed Elgoni felt like he’d struck gold. The 24-year-old video game developer from South Africa had in November secured a ticket to the Game Developers Conference in San Francisco — a cultural mecca for anyone who wants to make video games.

A sponsor would cover the cost of his round-trip flight…

Full coverage: Everything we learned from Snap Inc.’s IPO filing

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Full coverage: Everything we learned from Snap Inc.’s IPO filing Feb. 3, 2017, 12:44 p.m. Snapchat app maker Snap Inc. filed papers Thursday to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company. Follow our coverage here. All updates Analysis…

Snapchat maker Snap files for what’s expected to be Los Angeles’ biggest ever IPO

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Snapchat app maker Snap Inc. filed papers Thursday to move forward with what’s expected to be the biggest initial public offering ever for a Los Angeles company and one of the highest valued in U.S. history. 

Conceived six years ago by Stanford University fraternity brothers to help peers send…

Amazon CEO Jeff Bezos says company will support lawsuit against Trump’s immigration order

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Amazon founder and chief executive Jeff Bezos said the Seattle-based company is prepared to support a lawsuit being brought by Washington state’s attorney general against President Trump and the administration over Trump’s executive order on immigration and refugees.

The Washington Post, which…

Fitbit shares dive 16% after holiday sales disappoint; layoffs coming

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Fitbit Inc. shares dropped 16% on Monday after the maker of fitness trackers said its holiday sales were lower than expected and announced layoffs and other steps to cut costs.

Weeks after the announcements of two smartwatch-related acquisitions, Fitbit said it would cut about 110 of its employees…

Apoorva Mehta had 20 failed start-ups before Instacart

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The gig: Apoorva Mehta, 30, is the founder and chief executive of San Francisco grocery delivery start-up Instacart. Over the last four years, he has grown the company to more than 300 full-time employees and tens of thousands of part-time grocery shoppers. The start-up offers on-demand and same-day…

Tech workers aren’t known for political activism. But that may be changing

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Ayelet Bitton never thought she’d get involved in politics. Like many of her Silicon Valley peers, the 25-year-old software engineer cared about social and political issues, but didn’t think it was her place to speak up. 

“I used to stay away from political conversations because they could get…

Spectacles might get the buzz, but for investors Snapchat is all about the advertising

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The company behind Snapchat has two offerings — that beloved, 5-year-old app for messaging and video streaming, and Spectacles, a months-old, $130 pair of sunglasses that double as a camcorder.

The Los Angeles company has promised more gadgets will follow. But even with a significant increase,…

Uber pays $20 million to settle claims it deceived drivers about pay

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Uber Technologies is paying $20 million to settle allegations that it duped people into driving for its ride-hailing service with false promises about how much they would earn and how much they would have to pay to finance a car. 

The agreement announced Thursday with the Federal Trade Commission…

Big investor T. Rowe Price challenges Snapchat founders’ power

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Investment giant T. Rowe Price is disappointed that Snapchat’s co-founders want to retain disproportionate control over their company when it goes public.

Evan Spiegel and Bobby Murphy, who started working on the chat app together at Stanford University, reportedly are seeking 70% of the voting…

Lawsuits blame Facebook and Twitter in terror attacks in Paris, Brussels

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The families of victims of terror attacks in Paris, Brussels and Israel are blaming social media companies including Facebook and Twitter for facilitating communications among terrorists.

Twitter says it has suspended hundreds of thousands of user accounts in the past 18 months for threatening…

WhatsApp’s privacy woes show how messaging app tries to balance security and ease of use

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WhatsApp has become popular worldwide thanks to its powerful encryption technology. But making this type of secure messaging approachable and user-friendly can pose some problems.

An article published Friday by the Guardian suggests that WhatsApp has a “security backdoor” that could allow the app,…

Two big Snapchat updates make the app work more like Facebook, Instagram or Twitter

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Snapchat overhauled two key features Thursday, bringing it more in line with Facebook, Instagram and Twitter as a place to see what’s happening in the world at any moment.

In an update soon coming to all users, Snapchat will add a search bar at the top of the app. People can look up friends, media…

Apple now taking film and TV pitches

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Apple Inc. is taking pitches from Hollywood producers and courting television marketing executives as it considers bolstering its Apple Music service with original movies and TV shows, according to people familiar with the discussions. 

Apple has toyed with playing a larger role in entertainment…

10 years of iPhone: Apple proved a phone can change the world

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Few people realized it at the time, but the world shifted fundamentally a decade ago when Steve Jobs pulled the first iPhone from Apple’s bag of technological tricks.

“Every once in a while, a revolutionary product comes along that changes everything,” Jobs declared as he paced across a San Francisco…

Snapchat’s parent, Snap, picks Britain for its base in Europe

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The company behind the messaging mobile app Snapchat will place its European base in Britain, a vote of confidence in the country’s economy after the vote to leave the European Union.

Los Angeles-based Snap Inc.’s decision runs counter to those of tech giants such as Apple Inc. and Google Inc.,…

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