Posts Tagged ‘commerce-times’

After Blowout IPO, Is Snap a Keeper?

Friday, March 3rd, 2017


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 continued to trend upward on Friday, trading at $27.16 by mid-day. The Snapchat app is used primarily to send photos and short videos to friends. It initially gained a reputation as a favored app for “sexting” among teenagers and young adults.

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After Blowout IPO, Is Snap a Keeper?

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Uber Wants Fleeing Customers to Know It’s Hurting

Thursday, February 23rd, 2017


Uber has been responding to recent requests to delete customer accounts with a statement that claims “everyone at Uber is deeply hurting” and “it’s everyone’s number one priority to create change in the coming months and years.” The pop-up statement, which Twitter users began circulating on Wednesday, appears to be Uber’s latest effort to stem the flow of customers from the company, which has come under fire for ignoring sexual harassment complaints detailed in a blog post published by a former engineer last weekend.

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Uber Wants Fleeing Customers to Know It’s Hurting

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Verizon Caves, Launches New Unlimited Data Plan

Monday, February 13th, 2017


Facing growing pressure to respond to growing wireless data demands in the U.S. mobile phone market, Verizon finally relented. The company on Sunday announced its own unlimited smartphone option while keeping alternatives open for lighter data users. Verizon’s new introductory plan provides unlimited data on smartphones or tablets, along with unlimited texts and phone calls, for $80 per month. The deal is restricted to customers who sign up for autopay. The Verizon plan includes HD video streaming and mobile hotspot service.

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Verizon Caves, Launches New Unlimited Data Plan

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SnapRoute Snags $25M With AT&T, Microsoft Backing

Wednesday, February 8th, 2017


SnapRoute, a developer of open source networking software, announced that it has raised $25 million in Series A financing led by Norwest Venture Partners with new support from AT&T and Microsoft Ventures. SnapRoute, which was founded by CEO Jason Forrester and other former engineers from Apple, plans to use the funding to speed up the development of open source networking software for Fortune 500 firms. The company uses its software on commodity “white-box” switches and routers to create more streamlined and scalable data centers.

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SnapRoute Snags $25M With AT&T, Microsoft Backing

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SnapRoute Snags $25M With AT&T, Microsoft Backing

Wednesday, February 8th, 2017


SnapRoute, a developer of open source networking software, announced that it has raised $25 million in Series A financing led by Norwest Venture Partners with new support from AT&T and Microsoft Ventures. SnapRoute, which was founded by CEO Jason Forrester and other former engineers from Apple, plans to use the funding to speed up the development of open source networking software for Fortune 500 firms. The company uses its software on commodity “white-box” switches and routers to create more streamlined and scalable data centers.

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SnapRoute Snags $25M With AT&T, Microsoft Backing

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