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Snap’s Misfire on Spectacles

Watch 50+ top tech leaders get grilled onstage in our new Video section. Snap badly overestimated demand for its Spectacles and now has hundreds of thousands of unsold units sitting in warehouses, either fully assembled or in parts, according to two people close to the company.

Read more: http://bit.ly/2yE7e6n

WhatsApp adds Snapchat-like features

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Read more: http://bit.ly/2lovkc2

Want To Sue A Startup? Hire This Man

Luan Tran’s 39th floor office in downtown Los Angeles is largely inconspicuous. Overlooking busy South Figueroa St.

Read more: http://bit.ly/2lfrmlu

Instagram CEO on Stories: Snapchat deserves all the credit

The one thing you never hear in Silicon Valley is an entrepreneur admit they copied someone else. Yet there in the headquarters of Facebook, the world’s most prolific product cloner, Instagram CEO Kevin Systrom surprised me.

Read more: http://tcrn.ch/2aPOstL

What happens when a 50-something journalist gets a week’s worth of news from Snapchat Discover?

Snapchat wants to be a news source, so I spent the last week on a Snapchat-only diet. I gave up my breakfast routine of The New York Times, The Washington Post, and the Politico Playbook and tried to survive on the light snacks from the app’s Discover providers.

Read more: http://bit.ly/1YbWjWP

Snapchat raised $1.8B in a Series F round; leaked deck reveals revenues, user numbers

Earlier this week, we reported that the messaging app startup Snapchat was raising more money. Now we have more updates for you. An SEC filing has been made today with information about Snapchat’s latest Series F round, in which it has raised $1.8 billion.

Read more: http://tcrn.ch/1TJq1PK

Are Young People Leaving Facebook? Not Even Close. (Chart)

There has been a general perception over the past few years that millennials are abandoning Facebook in search of greener, less parent-friendly pastures like Snapchat and Instagram. Not. Even. Close.

Read more: http://on.recode.net/1RGliuZ

Snapchat Raises $175 Million From Fidelity at Flat Valuation

Snapchat Inc. has raised $175 million in fresh funding from Fidelity Investments, valuing the messaging company at the same $16 billion valuation from one year ago, a person familiar with the matter said. Fidelity bought shares at $30.

Read more: http://on.wsj.com/21Lw49O

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