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Alex Heath / Business Insider:
Facebook settles with shareholders, abandons the plan to issue non-voting shares   —  Facebook has dropped plans to create a new class of non-voting shares that would have protected CEO Mark Zuckerberg's control of the company even as he sells 99% of his shares.
Sep 22, 2017, 2:55 PMIn context
Alex Heath / Business Insider:
WhatsApp pilots verifying businesses, indicated by adding green check mark, and code analysis shows work on standalone app for companies to chat with customers   —  WhatsApp is going corporate.  —  The Facebook-owned messaging app has started verifying business accounts and is preparing …
Aug 29, 2017, 5:25 PMIn context
Alex Heath / Business Insider:
After long ignoring many influencers, Snapchat is starting to verify and proactively engage more internet celebrities   —  - Snapchat is starting to warm up to the group of internet celebrities and so-called influencers that it has long ignored.  — The app is starting to verify …
Aug 25, 2017, 2:25 PMIn context
Alex Heath / Business Insider:
Andrew Bosworth, who has served as Facebook VP of ads and business platform, will oversee all of FB's consumer hardware efforts including Oculus and Building 8   —  - Facebook executive Andrew Bosworth is taking over all of the company's consumer hardware efforts.
Aug 23, 2017, 5:20 PMIn context
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

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