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 by Staff Writers Washington (AFP) Feb 23, 2018
Snapchat's parent company lost some $1.3 billion in market value on Thursday after reality star Kylie Jenner's tweeted that she was no longer using the messaging service. "sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad," Jenner tweeted. She later followed up with "still love you tho snap ... my first love," but the damage may already have been done. Snap Inc.'s shares fell by over six percent in Thursday trading, a loss of about $1.3 billion in market capitalization. Jenner has huge followings on various social media platforms, including Twitter and Instagram. She gave birth to a daughter this month, and her Instagram post announcing the pregnancy quickly became one of the most liked posts of all time on the social media platform.
Qualcomm boosts bid for NXP as it fends off bid from Broadcom Washington (AFP) Feb 20, 2018 US mobile chipmaking giant Qualcomm on Tuesday raised its bid for Dutch rival NXP to an estimated $43 billion as the California-based firm moved to fend off a hostile offer from Singapore's Broadcom. The new bid amounts to $127.50 per NXP share and aims to satisfy NXP shareholders who had expressed concern the Qualcomm bid was too low. By moving closer to a tie-up with NXP, Qualcomm could make it more difficult for Broadcom, which is pressing ahead with a record $121 billion offer despite opposi ... read more
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