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...Trading firm GTS will be the designated market maker for Reddit, having performed the same role with Twitter, Pinterest and Snap. Morgan Stanley and Goldman Sachs are the lead bankers on the deal....
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...Snap on Monday said it would cut its headcount by about 10 per cent, or more than 500 employees....
...At the mid-level, a cashmere style in a muted shade from Sheep Inc, John Smedley or — my favourite — Begg x Co will quickly become a staple of your wardrobe....
...The second-tier players — Twitter, Snap, Pinterest and Reddit — take the scraps....
...But the Snap example was a response to an “existential crisis about whether they’ll be around in two years or so”, said Keum....
...It would be valued at roughly the same multiple as Snap, despite growing at a faster clip. Compare Reddit’s IPO to Snap’s and it is clear how interest in social media has changed....
...See also social media network Snap, Alphabet and Meta....
...Valued on a sales multiple closer to lossmaking peer Snap, it would be priced at about $88bn. If a sale were limited to US users, the revenue used in the calculation would be smaller....
...Or will Reddit end up like Twitter/X and Snap, which are big but not as big as Meta, and have struggled to turn users into money as efficiently as Meta has? What, broadly, has made the difference?...
Industry contending with shrinking budgets races to make up for lost time ahead of crucial season
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...But letting them snap TikTok up would only increase their power over the American psyche....
...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
...Second, Temu’s customers in the US tend to snap up bargain items such as 10 pairs of socks for $2 and $5 shower caddies. PayPal’s take must be slim....
...Many of your rivals — Instagram, Snap — pushed deeper during the pandemic into ecommerce with mixed results, and have pulled back somewhat....
Non-binding cash offer would value photo agency’s equity at $4bn
...as share of GDP (Nikkei Asia) The Steve Jobs of China turns car salesman in Xiaomi’s EV evolution (FT) Samsung signals end to chip downturn with forecast 10-fold jump in profit (FT) Singapore Reits snap...
...Sales in North America were up 11 per cent during the quarter as its higher income consumers continued to snap up workout staples....
...However, the move marks a shift away from Snap’s original branding as a private space for friends....
...Five-star assets Raffles London, the lavish hotel once home to Winston Churchill’s office, underscores a new era of inflation-resistant super-luxury hospitality as foreign investors snap up trophy assets...
...Canadian pipeline company, this month announced the $14bn purchase of the natural gas distribution business of Dominion Energy, one of the biggest US utilities, hailing a “once in a generation opportunity” to snap...
...Ofcom’s report on news consumption in the UK, published on Thursday, highlighted the importance of social media sites such as TikTok and Snap as gatekeepers to news, with more than a third of 16- to 24 year-olds...
...(Pimco) — The PagerDuty CEO who quoted Martin Luther King in her mass sacking email is v v v sorry....
...In the fourth quarter, Snap’s daily active user numbers rose 17 per cent year on year to 375mn....
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