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Roger M. Mahony

Venice Beach's Snap Inc. is worth nearly $24 billion

Venice Beach's Snap Inc. is worth nearly $24 billion

Good morning. It’s Thursday, March 2, and here’s what’s happening across California:

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Oodles of cash

The company behind Snapchat has generated the largest initial public offering in Southern California history. After raising $3.4 billion, the company Snap Inc. is valued at $23.8 billion. Los Angeles Times 

Plus: Evan Spiegel, the Snapchat founder and CEO, is a native of the Pacific Palisades. Here’s the story of how the...

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