Home / Business / Will Snapchat IPO Set Stage For Stampede Of Unicorns?

Will Snapchat IPO Set Stage For Stampede Of Unicorns?

collected by :John Locas

follow the latest news about business from different sites most famous technicals /Corinne Reichert by 2017-01-08 at 7:1

referring to

Snapchat faces lawsuit alleging it falsified metrics to inflate IPO value

Snapchat faces lawsuit alleging it falsified metrics to inflate IPO value*/

– A former employee has filed a lawsuit against Snapchat company Snap Inc, alleging that he was wrongfully terminated as a result of refusing to partake in the company’s false representations of metrics in an effort to inflate its initial public offering (IPO) value.While most of former Snapchat employee Anthony Pompliano’s lawsuit, filed on January 4 in the Superior Court in Los Angeles, has been redacted, it accuses Snapchat’s executives of inflating Snapchat’s valuation through false representations, “with the ultimate goal of taking the company public through a multi-billion dollar initial public offering”.”Snapchat will not let anything stand in its way of an IPO, including its obligations to represent material facts accurately,” the lawsuit claims.
.

read more from here

Will Snapchat IPO Set Stage For Stampede Of Unicorns?

Will Snapchat IPO Set Stage For Stampede Of Unicorns?*/

– It’s been a long time coming, but an initial public offering from one of the fastest-galloping unicorns is expected in early 2017, and some observers expect it could lead to a stampede of big-name debuts.The star unicorn IPO is coming from Snapchat owner Snap.It’s arguably the most anticipated IPO since Facebook (FB) had its blockbuster debut in June 2012, and could be the biggest since China’s Alibaba (BABA) raised a global record $25 billion with its September 2014 IPO.
.

read more from here

Fired Snapchat employee lawsuit alleges company lied to IPO investors

Fired Snapchat employee lawsuit alleges company lied to IPO investors*/

– A former Snapchat employee is accusing the company of lying to investors as it pursues its plans to go public.In a lawsuit filed in California on Wednesday, former growth lead Anthony Pompliano alleges that the company has been “falsely misrepresenting” itself, that he was hired away from Facebook so the company could gain confidential information, and that he was fired under false pretenses after raising his concerns.”Snapchat will not let anything stand in its way of an IPO, including its obligations to represent material facts accurately,” Pompliano’s court filing says.
.

read more from here

read more
visit us

business

Check Also

How the FCCs internet Neutrality outline Breaks by fifty Years of History picture-14487-310x165

How the FCC’s internet Neutrality outline Breaks by fifty Years of History

collected by :John Locas How the FCC’s internet Neutrality outline Breaks by fifty Years of …