Snap Revenue Beats on Mobile-Ad Demand; Alwaleed Takes Stake
August 12, 2018

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth.

Separately, Saudi billionaire Prince Alwaleed Bin Talal said he invested Continue reading

Lies, damned lies, and statistics: How tech companies fake it ’til they make it
February 5, 2018

Image: Vicky Leta/Mashable

In May 2015, Snapchat cofounder Evan Spiegel sat onstage at a tech event and said his app was “approaching” 100 million daily active users in developed markets. 

He was wrong — or, well, he exaggerated. In June Continue reading

Meredith to Buy Time Inc. With Koch Backing
December 13, 2017

Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.

The $18.50-a-share offer is an all-cash Continue reading