Author: Katie Roof

‘Bad things happen,’ Facebook’s response to Russian election interference

 Facebook has come under fire for its role in influencing the U.S. presidential election, particularly when it comes to “fake news” and Russian-sponsored ads.  When asked about this at WSJ D.Live in Laguna Beach on Wednesday, Facebook VP David Marcus at first deflected, talking at length about all the positive impacts that the social media giant has had on the world. “When… Read More

Anchor raises $10 million for podcast platform

 A quarter of Americans listen to podcasts each month, but far fewer make them. Anchor is a startup that is looking to change that with its app that makes it easy to record and distribute content. Anchor also has a discovery platform, which allows users to find audio across categories like news, sports, music and tech. The New York-based team is announcing $10 million in Series A funding, led by… Read More

Another record low for Snap after 14% drop post earnings

 Snap, the Snapchat parent, has had a very difficult ride in the stock market since debuting in March. After pricing its IPO at $17 and then reaching highs of $27, the company has fallen to less than half that. After losing 14% of its value in a single day’s trading, Snap closed Friday at $11.83. The growing social media company revealed on Thursday that it has 173 million daily active… Read More

Snap hits record low after getting rejected from the S&P 500

 Snap shares fell 4% and closed at a record low on Tuesday at $13.10, but it wasn’t just because of the dreaded lockup expiration, which allowed some insiders to finally sell shares. Snap faced another devastating blow when it was revealed that the company won’t make it into the S&P 500, a popular stock market index. The way Snap has divided up its classes of stock have made… Read More

Snap down just 1% after first wave of lockup expirations

 Snap, the Snapchat parent, closed the day down just 1% Monday after the first phase of the dreaded lockup expiration, which meant that some insiders are now eligible to sell shares. The anticipation of a big selloff had been putting downward pressure on the stock for weeks, but it appears that enough of that fear was already built into the stock price to withstand day one. But while… Read More

Snap’s lockup expiration could pose bad news for the stock

 After months of watching Snap’s volatile ride on the stock market from the sidelines, some insiders will be allowed to sell their shares Monday. Known as the “lockup period,” employees and early investors of companies are generally restricted from selling their shares during the initial months following an IPO. The duration of this period varies and in Snap’s case, 150… Read More