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Alex Heath / Business Insider:
Snap paid $213M in cash for Zenly and $135M for Placed, SEC filing shows   —  Snap Inc. has confirmed the price tags for its acquisitions of Zenly and Placed.  —  The Snapchat maker paid $213 million in cash for Zenly in May and $135 million for Placed in July, according to documents filed with the SEC on Friday.
Aug 11, 2017, 2:55 PMIn context
Alex Heath / Business Insider:
Facebook has killed Lifestage, the Snapchat-like dedicated social networking app for high schoolers it had released last year   —  Facebook has killed Lifestage, the standalone app it released almost one year ago as a dedicated social network for high schoolers.
Aug 8, 2017, 10:40 AMIn context
Alex Heath / Business Insider:
Sources: Google was interested in buying Snap for $30B+ in early 2016, around Snap's Series F; source says Snap talked with Google about buyout just before IPO   —  We keep hearing that Google floated an offer of at least $30 billion to buy Snap in early 2016.
Aug 3, 2017, 3:05 PMIn context
Business Insider:
Source: Snap had acquisition talks with AdRoll, which is borderline profitable and on pace for $300M 2017 revenue; Snap actively looking at other ad tech firms   —  Snapchat is shopping for ad tech companies to help bolster its appeal to marketers, a process that led the company …
Jul 14, 2017, 11:00 PMIn context
Alex Heath / Business Insider:
Giphy, which has raised $150M and has 150M+ users watching 4M+ hours of GIFs every day, weighs various revenue models   —  Plenty of tech startups dream of building a new consumer brand that's used and recognized by hundreds of millions of people every day.  —  Few of them get as close as Giphy …
May 29, 2017, 4:40 PMIn context
Alex Heath / Business Insider:
Ohioan recounts dinner with Zuckerberg, the presence of eight former secret service agents, and how Zuck said he has spoken to Trump multiple times on the phone   —  About two weeks ago, Daniel Moore received a cryptic phone call.  —  The 57-year-old resident of Newton Falls …
May 6, 2017, 3:35 PMIn context
Business Insider:
Sources: Facebook planning on premiering about two dozen TV-like shows in mid-June, has greenlit virtual-reality dating show from Condé Nast Entertainment   —  Facebook has kicked its push for TV-like shows into high gear and is aiming to premiere its slate of programming in mid-June …
May 5, 2017, 5:24 PMIn context
Alex Heath / Business Insider:
CEO of WPP, the world's largest advertising group, says the company plans to spend $200M on Snapchat ads in 2017, after spending $96M in 2016   —  The CEO of the world's largest advertising group, WPP's Sir Martin Sorrell, said his firm plans to spend $200 million on Snapchat in 2017 during …
Apr 29, 2017, 12:15 AMIn context
Alex Heath / Business Insider:
Sources: Facebook's Building 8 experimental consumer hardware group working on at least 4 projects, one involving cameras and AR; group to have a key role at F8   —  - A top secret division within Facebook called Building 8 is working on at least four unannounced consumer hardware products.
Mar 19, 2017, 3:30 PMIn context
Alex Heath / Business Insider:
Oculus drops price of Rift headset and Touch wireless controllers by $100 each, together now $598   —  Facebook has a new strategy to get people interested in virtual reality: cutting the price.  —  The company's VR subsidiary, Oculus, announced Wednesday that it's lowering the cost …
Mar 1, 2017, 1:50 PMIn context

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