Hedge funds increasingly betting on tech- report

An increasing number of hedge funds like Coatue Management are looking for opportunities to invest in the private markets, pouring money in technology startups, TechCrunch reported.

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Could a senator on Snapchat be bad news for teens?

Will having Kentucky Senator Rand Paul and other adults on Snapchat make the service unpopular to teens and make it go the way of Facebook?

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NBC Universal picks up minority stake in New York startup NowThis News

New York, US-based news giant NBCUniversal News Group announced a minority investment in mobile video news startup NowThisNews to co-produce original short news videos for social sites.

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Coatue Management funded entire $50M round for Snapchat - spokesperson

A spokesman for Snapchat confirmed to VentureBeat that the $50 million in funding raised by the startup was provided by a single investor, and that is Coatue Management.

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Photo-sharing service Snapchat raises $50 million

Snapchat, the mobile photo-sharing service beloved by teenagers and twenty-somethings, has raised another $50 million, according to a Securities and Exchange Commission filing made Wednesday.

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US chat app Snapchat raising another $55M with $2B valuation

US-based messaging app Snapchat is raising another USD55 million just six month after it raised USD60 million in its Series B round, pushing the app's valuation to around USD2 billion.

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Be wary of vanity metrics in Web startups - venture capitalists

Snapchat's rejection of Facebook's USD3 billion acquisition offer raised the question about the true measure of a startup's viability as a profitable company in terms of the number of likes, snaps, and even signups.

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Technology companies seek high valuations- report

Young technology companies were now looking for high valuations, according to a report from The New York Times Dealbook. Dropbox is the latest among them.

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Snapchat rejects Facebook because the latter is losing its cool factor - source

An article published on tech news site VentureBeat raises the question on the staying power of social media giants and Silicon Valley darlings like Facebook and Twitter.

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Snapchat rejects USD3 billion bid from Facebook

Popular photo sharing service Snapchat turned down a USD3 billion acquisition bid from social media giant Facebook, saying the company will not start considering offers until next year.

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Top deals of the day - Mergers & Acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.

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IVP invests on profitless Snapchat

Despite not gaining any revenue, Snapchat raised $60 million in Series B funding.

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