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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

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 for Mac App is Coming Back, Company Confirms

The company previously had a Twitter for Mac app that was discontinued in February 2018

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Twitter, Mac, App
Twitter made the announcement during Apple's WWDC conference last week. Pixabay

Micro-blogging site Twitter has announced that it will be bringing back “Twitter to Mac” with help from Apple’s Project Catalyst, Pro, which is Apple’s initiative to help developers port their iOS apps into Mac.

It made the announcement during Apple’s WWDC conference last week, saying that the app would launch with Catalina and this new version would have a variety of features like dark mode, keyboard shortcuts, multiple windows, and notifications, The Verge reported late on Saturday.

In a post about the return of it for Mac users, the company said: “We are excited that Project Catalyst will enable us to bring it back to the Mac by leveraging our existing iOS codebase. We’ll also be able to add native Mac features on top of our existing iPad experience, while keeping our maintenance efficient as we continue to improve this shared codebase in the years to come.”

The company previously had a “Twitter for Mac app” that was discontinued in February 2018 because it was not sustainable to maintain two separate codebases.

Twitter, Mac, App
Micro-blogging site Twitter has announced that it will be bringing back “Twitter to Mac” with help from Apple’s Project Catalyst, Pro. Pixabay

According to the report, the company said that with Project Catalyst, they would be able to use their existing iOS codebase along with new features for desktops.

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The all-new Twitter for Mac is being developed and is scheduled for an early launch by this year on macOS Catalina 10.15. (IANS)