on November 16, 2016
There are multiple reports that Snap, Inc., the company that owns the messaging app Snapchat, is getting ready to go public. The company reportedly expects to be valued at up to $25 billion, and its IPO could serve to test the waters for other big tech companies that have been relying solely on venture funding.
on November 3, 2016
Despite stellar growth, Facebook shares dropped 7 percent in after-hours trading as some investors realized there will someday be a limit to how fast Facebook can grow. The company is on pace to reach $27 billion in revenue this year, with third-quarter profits nearly tripling to $2.38 billion. Monthly users grew by 16 percent to 1.79 billion — much of it international. But Facebook warned that next year it would reach a limit on how many ads it could place in people’s feeds. Many analysts fully expect a slowdown in growth in 2017.
on October 18, 2016
Snap‘s appointment of a new CFO last year, Drew Vollero, was a signal that the company was likely starting to think about a market debut, Santosh Rao, head of research at Manhattan Venture Partners, said.
“The way these guys are ramping up revenue is amazing,” Rao added, explaining that Snap has developed a following among a fickle, yet desirable, age group of between 18 to 34.
on September 23, 2016
Wolff, of Manhattan Venture Partners, said the volatility index is not telling the whole story at this point.
“Certainly, the volatility suggests a very calm, still situation, when the election and the general public debates suggest the opposite,” he said Friday.
on August 31, 2016
This year, we found that 41 percent of Gen Z survey respondents said that a corporate office is their top work preference, compared to only 28 percent in 2014. “I have always been motivated by those working around me which influences and encourages me to push myself,” says David James, a venture capital equity sales rep at Manhattan Venture Partners and Gen Z member.
on August 24, 2016
Ameera talks to Manhattan Venture Partner’s Max Wolff about why Apple is having a hard time breaking into India, the world’s third largest smartphone market. Plus, in the Big Deal, Ed Harrison breaks down the latest data on the UK’s economy post Brexit and whether he thinks a recession is in the cards.
on August 16, 2016
New statistics show Japan’s economy nearly stalled in Q2, reveals Ameera David. RT’s Anastasia Churkina reports on the delay of an official Brexit. Bianca Facchinei looks at where Google Fiber went wrong. RT’s Marina Portnaya reports on how much Olympians make for bringing home medals. Ameera sits down with Max Wolff, chief economist at Manhattan Venture Partners, to talk about Apple. And in the Big Deal, Ameera and RT’s Ashlee Banks discuss the growing threat of data breaches at hotels.
on August 16, 2016
It comes as video and text messaging apps, like Google’s new Allo and Duo, increasingly play the role of the one-stop shop that was once the job of the operating system, Wolff told CNBC’s “Closing Bell” on Tuesday. Google originally announced the app at its developer conference earlier this year, where the artificially intelligent connections between the new apps was the highlight of the event.
Venture Bytes is a monthly insight report highlighting topical ideas, current trends and emerging opportunities in the global technology landscape