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Snap Inc. set to price its IPO at $17 per share
02 March 2017, 12:44 | Muriel Sparks
A security guard helps hand out food from a food truck paid for by Snap
While its app has proven immensely popular, there was some question as to how Snap would ultimately live up to its multi-billion dollar valuation and make investors money. While overall growth is projected to slow down by 2021, eMarketer is citing Instagram Stories as competition to Snapchat's user base.
Celia Schlekewey, a 20-year-old University of Washington student who also works at a small business, liked the fact that when she first joined, it was "all just about sending pictures to your friends".
"While Twitter has had nearly zero points of innovation in the last several years (Moments does not count), Snap is accelerating its pace of innovation, all while changing the way its users and content partners think about the platform and the future of communication and advertising", Cakmak wrote.
Facebook'sInstagram last August added Instagram Stories, a close clone of Snapchat Stories.
The shares were more than ten times oversubscribed, Reuters said.
LaVon Murphy, 45, a photographer in Portland, Oregon, uses Facebook to keep up with friends, Instagram to express herself through pictures and Twitter to keep up with the news. The stock should go on sale on the New York Stock Exchange on Thursday, in what could be the largest technology IPO since Alibaba went public back in 2014.
Snap will formally price its shares sometime after trading ends today in a regulatory filing, but it looks like the company has settled somewhere near the valuation that was originally reported once it started the process of going public.
Snap had originally aimed to raise $3bn - the same amount Facebook offered the disappearing messaging for the whole company in 2013.
At that price, Snap would have a market value of almost $24 billion, making it the largest US tech IPO since Facebook (FB, Tech30).
IAS official Sudhir Kumar in jail
The examination is conducted for appointment of clerks in the state government, the first phase of which was held on February 5. Almost three dozen of people have been arrested including Mr Kumar's number two in the commission, Parmeshwar Ram.
Iran launches naval drills amid rising USA tensions
However, numerous reports have suggested that Tehran has violated the nuclear deal on several occasions since the summer of 2015. Iran's Revolutionary Guards (IRGC) were recently involved in the provocation of vessels in the area.
DeVos: Fight 'establishment' on college campuses
Acts of student defiance such as this protest have been seen nation-wide since DeVos was elected last week. Previously, DeVos released a statement that focused on protecting all students, including LGBTs.
AMD Unveils Cheap, Powerful Flagship Ryzen CPUs
We'll do our best! The new processors go on sale in March and are accompanied by a selection of motherboards from major partners. This is something we will need to test in due course! Like the 1700, the 1700X and 1800X both have eight cores and 16 threads.
Mobile deploying LTE-U on its network
Just keep in mind that you're going to need a device that supports LTE-U in order to take advantage of its benefits. It will also provide a basis for T-Mobile's plans to blanket the country with Gigabit LTE.