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Company behind Snapchat is trading sharply higher in its Wall Street debut

Snapchat is best known for disappearing messages

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A banner for Snap Inc. hangs from the front of the New York Stock Exchange, March 2, 2017, in New York. VOA
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The company behind Snapchat is trading sharply higher in its Wall Street debut.

Snap Inc. jumped $7, or 41 percent, to $24 a share.

It had priced its initial public offering of 200 million non-voting shares at $17 each on Wednesday. That’s above the expected range of $14 to $16.

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Snap’s IPO is one of the most anticipated for a technology company since Twitter’s in 2013. That, in turn, had created the biggest stir since Facebook took its first bow on Wall Street in 2012. Twitter is now valued at $11 billion, while Facebook is $395 billion. Snap’s pricing valued the Los Angeles company at $24 billion.

Snapchat is best known for disappearing messages. It’s popular with young people, but growth has slowed down in recent months. (VOA)

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Twitter down on Saturday, Users Greeted With Error Message

According to Down Detector, the outages were mostly reported along the East Coast of the US and in western Europe.

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The Twitter outage map showed very little outages on the West Coast of the US, Newsweek reported on Saturday. Pixabay

Twitter became unavailable for many users after the site stopped working at about 3.20 p.m. EST on Saturday, media reported.

According to Down Detector, the outages were mostly reported along the East Coast of the US and in western Europe. The Twitter outage map showed very little outages on the West Coast of the US, Newsweek reported on Saturday.

When users visited Twitter on Saturday, they were greeted with an error message — “something is technically wrong. Thanks for noticing-we’re going to fix it up and have things back to normal soon”, the report said.

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Around 3.40 p.m., many users reported that Twitter started working again. Pixabay

“Twitter doesn’t work on the tablet either have to do this from my phone. Won’t load my tweets but is logged into my account,” one Down Detector user wrote.

“Omg why are my twitter notifications not working,” another said.

Read More:  Twitter Shutting Down Most of its TV Apps 

Twitter appeared to be down across platforms; both for iOS and android as well as desktop and third-party sites like Tweetdeck.

Around 3.40 p.m., many users reported that Twitter started working again, the report said. (IANS)

 

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