FROM Sarah Frier
Snapchat's IPO: How big will it be? Facebook overtook Twitter; will Snap Chat overtake Facebook? Snap, Inc . -- the parent of Snap Chat — will make its Initial Public Offering tomorrow and trading will begin on the New York Stock Exchange. Even among the stratospheric finances of the tech world, we’re likely talking big money. Sarah Frier, tech reporter for Bloomberg in San Francisco, has more on the communication app, its target audience and it's potential for continued growth.
Is Snapchat the next Facebook? Snap Inc. has filed for a $3 billion dollar IPO, reportedly the largest ever for a company based in Los Angeles. The company says nearly 160 million people use Snapchat daily. For many, it’s their main news source and main social media network.
Twitter cuts workforce in search of profit Twitter is one of social media’s definitive institutions — crucial to all kinds of discourse in the US and around the world, but it's not making a profit. Today it announced its quarterly earnings — along with a staff layoff of nine percent. Sarah Frier, tech reporter for Bloomberg in San Francisco, broke the story .
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?