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  • Everything you need to know about Snapchat and Snap's IPO

    Everything you need to know about Snapchat and Snap's IPO

    Snap Inc., a Los Angeles company that makes one of the world’s most used and recognized smartphone apps, will soon begin trading its stock on public markets. Here are the key details gleaned from the company’s S1 filing with the U.S. Securities and Exchange Commission. What is Snap Inc.? Snap Inc.’s...

  • Snapchat company's IPO filing might be L.A.'s biggest ever

    Snapchat company's IPO filing might be L.A.'s biggest ever

    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...

  • Facebook must pay $500 million in damages in Oculus intellectual property case

    Facebook must pay $500 million in damages in Oculus intellectual property case

    Facebook is on the hook for $500 million in damages after losing an intellectual property lawsuit Wednesday to ZeniMax Media over its virtual reality headset, the Oculus Rift. ZeniMax, a video game publisher, sued the social network in 2014 in U.S. District Court in Dallas shortly after Facebook...

  • Facebook's fourth-quarter earnings beat Wall Street expectations

    Facebook's fourth-quarter earnings beat Wall Street expectations

    Facebook Inc. on Wednesday reported fourth-quarter earnings of $3.56 billion. On a per-share basis, the Menlo Park, Calif., social media giant said it had net income of $1.21. Adjusted for one-time gains and costs, earnings were $1.41 a share. The results beat Wall Street expectations. The average...

  • Flipagram acquired by China's Toutiao

    Flipagram acquired by China's Toutiao

    Los Angeles startup Flipagram developed a cheap and popular tool to turn photos and videos into slick slideshows of memories. But it struggled to take the app to the next level. In recent months of trans-Pacific travel, Chief Executive Farhad Mohit laid out the issues to his counterpart at Toutiao,...

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

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

    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...

  • Trump’s travel ban leaves global businesses and entrepreneurs hanging

    Trump’s travel ban leaves global businesses and entrepreneurs hanging

    When Silicon Valley entrepreneur Sasha Eslami boarded a flight to Argentina on Thursday for a business trip, he had no idea that by the next day, the United States — a country he had called home for the last 14 years — would close its borders to him. “I was only planning on being in Argentina for...

  • Apple's legal war over Qualcomm patents expands into China

    Apple's legal war over Qualcomm patents expands into China

    Apple Inc. has taken its legal attack on Qualcomm Inc.’s patent licensing business global, filing two complaints in Chinese courts challenging the way the San Diego company gets paid for its cellular intellectual property. The move comes after Apple sued Qualcomm last week in San Diego federal...

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

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

    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...

  • How a concerned mother's lawsuit helped get Snapchat to crack down on media companies

    How a concerned mother's lawsuit helped get Snapchat to crack down on media companies

    Last year, a mother in a lawsuit accused Snapchat of being too sexy for minors. On Monday, Snapchat announced changes that implied the argument held merit. The Daily Mail, BuzzFeed, Cosmopolitan and the few other media companies allowed to post articles and videos to a highly visited section of Snapchat...

  • Yahoo's earnings improve, but the closure of its Verizon deal is delayed

    Yahoo's earnings improve, but the closure of its Verizon deal is delayed

    Yahoo Inc.'s financial performance improved slightly during the fourth quarter while the company dealt with the fallout from massive security breaches that have jeopardized the $4.8-billion sale of its Internet operations to Verizon Communications Inc. Yahoo also disclosed Monday that the closure...

  • Samsung blames battery defects for Galaxy Note 7 fires

    Samsung blames battery defects for Galaxy Note 7 fires

    Samsung Electronics said Monday that tests of more than 200,000 Galaxy Note 7 smartphones found defects in two sets of batteries from two different manufacturers that made the devices prone to catch fire. Samsung's mobile division president, Koh Dong-jin, ruled out any problems with other aspects...

  • Snapchat maker strikes back at ex-worker who alleged fraud

    Snapchat maker strikes back at ex-worker who alleged fraud

    Seeking to quash a lawsuit from a former employee, Snap Inc. dismissed allegations that it lied to investors and advertisers about Snapchat usage as “false from top to bottom.” The accusations stemmed from a lawsuit filed earlier this month by Anthony Pompliano, who claimed the Los Angeles company...

  • Big investor T. Rowe Price challenges Snapchat founders' power

    Big investor T. Rowe Price challenges Snapchat founders' power

    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

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

    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...

  • Qualcomm is accused of anti-competitive tactics

    Qualcomm is accused of anti-competitive tactics

    A U.S. regulator has sued Qualcomm over the way that it licenses cellular patents to smartphone makers — joining South Korea and potentially other governments in seeking to upend the San Diego’s company’s patent royalty practices. The Federal Trade Commission filed the civil lawsuit Tuesday in...

  • Snapchat has changed Venice, and the neighborhood isn't changing back

    Snapchat has changed Venice, and the neighborhood isn't changing back

    Don Salmon says his Rastafarian clothing shop in Venice suffered no dip from the Great Recession, leaving only one culprit in his mind for a recent sales plunge. “I have no question this is the Snapchat effect,” Salmon said surrounded by his black-red-yellow-and-green goods. “It’s not even up for...

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

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

    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

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

    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

    Apple now taking film and TV pitches

    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...

  • Verizon chops unlimited data plans: Big users can switch or be disconnected

    Verizon chops unlimited data plans: Big users can switch or be disconnected

    Verizon customers who have unlimited data plans and use more than 200 gigabytes a month will be required to switch to a capped data plan by Feb. 16 or be disconnected from service, a company spokeswoman said. A letter notifying affected customers about the change started to go out last week, Verizon...

  • Snapchat maker Snap dodges uproar — and maybe taxes — with London office

    Snapchat maker Snap dodges uproar — and maybe taxes — with London office

    By funneling much of its overseas revenue through London instead of a widely used tax haven such as Dublin, Ireland, Snapchat maker Snap Inc. stands to recognize similar benefits with far less uproar. Global corporations, led by tech giants Apple and Google, have faced increased public scrutiny...

  • Chan Zuckerberg Initiative hires top Uber advisor David Plouffe

    Chan Zuckerberg Initiative hires top Uber advisor David Plouffe

    First he advised President Obama. Then he advised Uber. Now, political bigwig David Plouffe is headed for the Chan Zuckerberg Initiative, the philanthropic organization founded by pediatrician Priscilla Chan and her husband, Facebook Chief Executive Mark Zuckerberg. Plouffe, until recently a senior...

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

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

    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

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

    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.,...

  • Snapchat in 2017: 7 predictions about what's to come

    Snapchat in 2017: 7 predictions about what's to come

    As Snap Inc. moves toward an expected initial public offering this year, it’s natural to expect increased predictability and transparency from a company that has thrived so far without much of either. In question in 2017 is whether Chief Executive Evan Spiegel will make Snap act more like Facebook...

  • Azubu wasn't funded like most start-ups — and it may have nearly killed the e-sports video firm

    Azubu wasn't funded like most start-ups — and it may have nearly killed the e-sports video firm

    Video games as a professional sport made no sense to Lars Windhorst, a European oil and agriculture investor, until a summer evening in Seoul. Before him lay an impressive sight: Thousands of kids in lawn chairs outdoors watching teams battle in the 2012 championship for “League of Legends.” “It...

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