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Snap Inc goes public, seeks to raise $3 bn

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8 years ago

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Snap Inc goes public, seeks to raise $3 bn

San Francisco: Snap Inc, parent company of the fast-growing social networking app Snapchat, has made its long-awaited initial public offering (IPO) filing public, seeking to raise up to $3 billion. The five-year-old Snap Inc which filed documents for one of the biggest IPO by a technology company, is valued between $20-$25 billion, CNET reported. In the documents filed with the US Securities and Exchange Commission, Snap Inc said it took in $404 million in revenue last year but lost $515 million.

Founded by a college dropout Evan Spiegel, Snap Inc’s IPO will be one of the highest-profile stock debuts in recent years along with Chinese e-commerce company Alibaba (that raised nearly $22 billion in 2014) and social media giant Facebook (which raised $16 billion in 2012). In the quarter that ended on December 31, 2016, Snapchat had 158 million daily active users on average — up 48 per cent from the same quarter ended December 31, 2015.

Snapchat aims to derive most of its revenue from advertising where it will compete against Google, Facebook and Twitter. Snap Inc recently rolled out major changes in its app that will make it easier to navigate the app with a universal search bar that’s always accessible at the top of the app.  Available for some people on Android, the new changes will roll out to all iOS and Android users soon.

Snapchat is also introducing “Our Story” — a new global live story that any user can contribute to at any time.  The “Quick Chat” suggestions will let you hop to a particular friend’s message thread or story a lot faster, the report added.  You will also be able to see in your profile your “best friends” that you Snap with often.

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Apple is giving a huge discount on its gadgets: Details inside

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3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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