Snap Inc, owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concerns over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 […]
Salesforce, the only serious contender left on the list of Twitter buyout suitors, has ruled out a bit on the fledging social network. Speaking to the Financial Times, the firm’s chief executive Marc Benioff confirmed that Salesforce was no longer interested in purchasing Twitter, saying: “In this case we’ve walked away. It wasn’t the right […]
App marketing and data company Sensor Tower just released its Q2 “Ad Intelligence Data Digest.” The report presents mobile advertising trends on social media sites, and Instagram in particular. The report finds that one out of every four ads on Instagram is now a video ad. This coincides with Facebook’s effort to make “video ads” […]
Live streaming has come to GoPro. GoPro and Twitter have teamed up to bring live-streaming video to GoPro’s action cameras. The live video feeds will broadcast to Twitter’s Periscope video app, and the video will work with either GoPro’s Hero4 Black or Hero4 Silver.
The U.S. Federal Aviation Administration’s (FAA) drone registry went online on Monday. As the agency announced this morning, more than 45,000 people have now used the online service to register their drones. If you own a drone (or really any model aircraft) that weighs between 0.55 pounds and 55 pounds, you now have to register […]
“YouTube is a big asset that warrants a big valuation,” says Bank of America Merrill Lynch analyst Justin Post in a paper shared with Bloomberg this week. According to Post and his team, the Google-owned online video giant would be worth $70 billion if valued on its own — a fraction of Google’s $370 billion […]