Techmeme

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Kurt Wagner / Recode:
Sriram Krishnan, who led Snap's ad tech offerings, is leaving the company after one year   —  Sriram Krishnan, who joined a year ago from Facebook, was a key leader on Snap's ad tech team.  —  Sriram Krishnan, one of Snap's top ad executives, has left the company less than a month before Snap's expected IPO.
Feb 19, 2017, 12:10 PMIn context
Maya Kosoff / Vanity Fair:
WSJ: new investors in Snap IPO won't get any voting power; founders Spiegel and Murphy, who own 45% of Snap's stock, will retain 70%+ of voting rights   —  Spiegel and Snapchat co-founder Bobby Murphy want to retain management control of their company.  —  Before Facebook went public …
Jan 16, 2017, 4:45 PMIn context
Ashley Cullins / Hollywood Reporter:
Snapchat accused of misleading investors to drive up its IPO in ex-employee lawsuit; company says the claims have no merit   —  An ex-Snapchat employee says he was fired just weeks after the company poached him from Facebook and is being blackballed.  Snap says his claims have no merit.
Jan 5, 2017, 10:30 AMIn context
Wall Street Journal:
Sources: Snap Inc.'s IPO roadshow will compare the company to Facebook rather than Twitter and will feature CEO Evan Spiegel prominently as a product visionary   —  Virtual-messaging service's pitch designed to convince investors that platform can evolve into a content powerhouse
Dec 29, 2016, 2:00 PMIn context
Deborah Gage / Wall Street Journal:
NoSQL database startup Couchbase raises $30M Series F, in what CEO says is last private funding round before potential IPO   —  Couchbase Takes $30 Million in Down Round Despite Customer Gains … Database startup Couchbase, conceived from a software project at Facebook and incubated at Accel …
Mar 15, 2016, 12:40 PMIn context
CB Insights:
Yahoo, Google, Facebook, and Dropbox eased up on “acquihires” in 2015   —  The End Of The Acquihire - Silicon Valley's Startup Severance Package Falls Out of Favor  —  Silicon Valley's “severance package” for startups fell out of favor in 2015 as Yahoo, Google, Facebook, Dropbox eased up on acquihires.
Jan 5, 2016, 4:35 PMIn context
Jonathan Stempel / Reuters:
Federal judge certifies two shareholder class actions accusing Facebook of hiding concerns about its growth forecasts prior to IPO   —  Facebook must face shareholder class actions over IPO  —  A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns …
Dec 31, 2015, 6:40 PMIn context
Christopher Mims / Wall Street Journal:
SEC disclosure rules under JOBS Act could discourage high-growth tech companies from using equity crowdfunding   —  Tech Startup Crowdfunding Isn't All It's Cracked Up to Be  —  High-growth firms face powerful discentives to use JOBS Act provisions  —  Allowing everyday Americans to invest …
Dec 9, 2015, 1:55 AMIn context
Eric Newcomer / Bloomberg Business:
Uber CEO Travis Kalanick says it might be a few years before IPO, Uber has 30-35% marketshare in China   —  Uber CEO Says Public Offering ‘Years Away’ as Company Matures  —  Kalanick says he hasn't sold any Uber shares he owns  —  Uber believes Google is farthest along in driverless cars
Oct 21, 2015, 12:55 PMIn context
Jonathan Stempel / Reuters:
Facebook defeats shareholder suit that had alleged inadequate pre-IPO disclosures in 2nd Circuit Court of Appeals   —  Facebook defeats shareholder litigation over IPO  —  (Reuters) - A federal appeals court on Friday said Facebook Inc officials including Chief Executive Mark Zuckerberg cannot …
Jul 24, 2015, 2:10 PMIn context

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