Like other traditional U.S. media companies, NBCU is pushing more into digital media, and over the past 18 months it has invested $400 million in online publisher Buzzfeed and $200 million in Vox Media, operator of The Verge and Recode news. The latest investment was made as part of Snap's $3.4 billion initial public offering, NBCUniversal Chief Executive Steve...
CNBC's Robert Frank takes a look at who made big money on the Snap initial public offering.
The spike comes the day after the Snapchat parent closed up 44% on its first day as a public company.
Jim Stewart, The New York Times, discusses the meteoric rise in Snap shares since its IPO.
Saint Francis High School of California cashed in on the Snap IPO and made millions.
March 3- Comcast Corp's NBCUniversal said on Friday it had invested $500 million in Snap Inc as it continues to spend heavily on digital media companies. Snap's shares jumped 8.6 percent to $26.59 in early trading. The investment was made as a part of the Snapchat owner's initial public offering, NBCUniversal Chief Executive Steve Burke said in a memo to...
The Snapchat parent has to prove to investors that it can retain and grow its user base, Victor Anthony says.
The "Squawk on the Street" crew discusses news of Comcast's NBCUniversal's $500 million investment in Snap's IPO and the possibility of seeing NBC-branded channels on Snap one day.
March 3- NBCUniversal, a unit of Comcast Corp, invested $500 million in Snap Inc during its IPO as part of a strategic investment and partnership, CNBC reported on Friday, citing sources familiar with the matter. Snap's shares were up 3.5 percent at $25.32 in premarket trading. The company finished its first day of trading with a 44 percent gain compared to its IPO...
March 3- NBCUniversal, a unit of Comcast Corp, invested $500 million in Snap Inc during its IPO as part of a strategic investment and partnership, CNBC reported on Friday, citing sources familiar with the matter. http://cnb.cx/2mlOnXB.
Shares of Snap Inc. rose 44% in the company's first day of trading, bringing the disappearing messaging app's valuation to $34 billion.
The company is bleeding through cash and investors have no control, says Victor Anthony, Aegis Capital, discussing his worry about Snapchat after its strong IPO. Nobody really knows when the company is going to become profitable but advertiser like the company's millennial appeal, says Anthony.
PARIS, March 3- ALD Automotive, the car leasing arm of French bank Societe Generale, reported on Friday a 21 percent rise in its net profits last year, as it prepares for a market flotation which could value it at more than 6 billion euros. Two financial market sources said ALD could be valued at more than 6 billion euros, while one said SocGen was willing to sell a 20-30...
ZURICH, March 3- Credit Suisse has hired an investor relations manager for its Swiss entity, a bank spokesman said on Friday, as it moves ahead with plans to spin off a minority stake in its domestic bank. The move comes amid uncertainty over whether the partial initial public offering of Credit Suisse AG will go ahead as planned. Credit Suisse announced plans in...
Santosh Rao of Manhattan Venture Partners says the Snap IPO could "open the floodgate" for more IPOs to come.
NEW YORK, March 2- Snap Inc's shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology stock offering in three years, overcoming doubts about the loss-making messaging app company's slowing user growth. The stock closed at $24.48 on the New York Stock Exchange on Thursday, well above the initial public...
Brian Wieser of Pivotal Research explains why he's slapped a "sell" rating on Snap stock.
The Snap IPO was one of the smoothest openings we have seen in a long time. No drama at the pre-open, the open, during the day, or the close.
Wayne Wicker, CIO of ICMA-RC, weighs in on the slide on Wall Street and Snap's first day of trading on the NYSE.
Gene Munster, Loup Ventures founder, weighs in on Snap Inc. The "Fast Money" traders weigh in.