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57 MINS AGO - Boston Globe

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Snapchat's Multi-Billion Dollar Gamble May Be Paying Off

Playing hard to get- may already be paying off for Snapchat. After reportedly turning down a measly $3 billion offer from Facebook last year- the company may now be worth close to $10 billion, after venture capital firm Kleiner Perkins has agreed to invest up to $20 million in the instant messaging start-up according to the Wall Street Journal. Chat ...

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1 HOUR AGO - Reuters

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Snapchat's multi-billion dollar gamble may be paying off

New investments into messaging start-up Snapchat put its valuation close to $10 billion, according to the Wall Street Journal, joining other hot startups like Uber and AirBnb. Bobbi Rebell reports.

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1 HOUR AGO - Business Insider

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Mega-IPO To Rekindle The 'bromance' Behind Alibaba's Rise

By Paul CarstenBEIJING (Reuters) - Masayoshi Son's nose for an investment has turned a $20 million start-up punt on Alibaba into a stake worth maybe $50 billion or more as the Chinese e-commerce giant co-founded and led by Jack Ma heads to what could be the biggest U.S. tech IPO of all time.Son, CEO of Japanese telecoms firm SoftBank Corp, ...

Tags: Mega-IPO To Rekindle The 'bromance' Behind Alibaba's Rise,  Dollar Latest News

1 HOUR AGO - Zero Hedge

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Saxo Bank CIO Warns "It's Time To Be Defensive... Very Defensive"

Via Saxo Bank's Steen Jakobsen of TradingFloor.com, Lee Iacocca, one of the true greats of the motor industry and a prolific author on leadership and management, once noted: "What is wrong with changing your mind because the facts change? But you have to be able to say why you changed your mind and how the facts changed." My biggest call ...

Tags: Saxo Bank CIO Warns "It's Time To Be Defensive... Very Defensive",  Dollar Latest News

1 HOUR AGO - TheStreet

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Why Lannett (LCI) Stock Is Gaining In After-Hours Trading Today

NEW YORK (TheStreet) -- Lannett shares are up 1.1% to $39.75 in after-hours trading on Wednesday after the generic pharmaceutical product manufacturer reported a 100% increase in quarterly net sales to $80.6 million from $40.2 million. The company reported earnings of 64 cents per diluted share, 2 cents ahead of analysts expectations and 52 cents better than analysts were expecting. ...

Tags: Why Lannett (LCI) Stock Is Gaining In After-Hours Trading Today,  Dollar Latest News