Social Networks

Shares of Snapchat owner Snap Inc. soared higher on Friday, following Thursday's successful IPO. After debuting at $17.00 on the New York Stock Exchange, Snap shares rose 44 percent to $24.48 on Thursday, well above analyst expectations, placing the company's value at $28 billion. The stock continue...

As it approaches its first stock offering next month, Snap, maker of the popular mobile messaging app Snapchat, is positioning itself as a camera company. "We feel like we're really at the beginning of what cameras can do," said Snap CEO Evan Spiegel. "Before, cameras were the best way to perfectly ...

Twitter's share price plunged 12.3 percent Thursday, closing the day at $16.41, after the company released its Q4 2016 financial report. It fell further on Friday, trading at $15.54 mid-day. On the bright side, daily active usage grew for the third consecutive quarter and strong growth is expected t...

Snap Inc. last week filed for a $3 billion initial public offering. The company's private market valuation is $17.8 billion, but investors reportedly have valued it at between $20 billion and $25 billion. "Twenty-five billion dollars is just nuts, but that's the market we're in," remarked Rob Enderl...

Facebook has announced that Hugo Barra would be onboarding the company to head up its virtual reality business, including the Oculus team. Barra just days ago announced his departure from Xiaomi. Barra will fill the void left last month, when Brendan Iribe stepped down as CEO of Oculus to head up a ...

Facebook COO Sheryl Sandberg on Tuesday announced the Startup Garage, the company's first-ever business incubator, which will be located in Paris at the new Station F hub launched last year. The Startup Garage will provide a six-month program of mentorship and assistance for new companies. About10-1...

Instagram on Wednesday announced that businesses will be able to place immersive, full-screen video ads in its Stories feature, which has attracted 150 million daily users since its launch five months ago. Further, Instagram Business Tools will include insights on stories, which will allow business ...

Facebook investors have accused director Marc Andreessen of secretly coaching CEO Mark Zuckerberg regarding a major sale of shares he held. The structure of the sale enabled Zuckerberg to refocus on philanthropic activities while maintaining lifetime control over the company he cofounded. The suit a...

Microsoft last week closed its $26 billion acquisition of LinkedIn. LinkedIn will remain a separate company and Jeff Weiner will continue as its CEO, but he now reports to Microsoft CEO Satya Nadella. Integration of the companies' products is under way. Among many other things, a user's LinkedIn ide...

Twitter last week purchased Yes and named the mobile app startup's CEO, Keith Coleman, as its new VP of product -- a challenging post. Coleman will be Twitter's third VP of product this year and the fifth since 2014. Twitter's main problems are monetization, which has plagued it since its founding; ...

A LinkedIn block in Russia could be imminent, in light of last week's court ruling that the company broke a law requiring personal data on Russian citizens to be stored on servers within the country. Roskomnadzor, Russia's telecommunications and media authority, is waiting until it has the full text...

Twitter Chief Operating Officer Adam Bain is leaving the company, according to a document the company filed with the Securities and Exchange Commission earlier this week. The news comes just weeks after Twitter's attempt to find a buyer failed. Bain ran the company's entire revenue business. Chief F...

Facebook on Wednesday reported a record Q3, beating analysts' expectations for the fourth straight quarter, but investors' concerns about the future drove down share prices. They closed Thursday at $119.95, down more than $7 from Wednesday's closing price of $127.17. Friday saw little movement, with...