We’re hearing from sources that Kuaishou — a hot photo-sharing application in China — is planning on going public in the U.S. later this year. Sources tell us the app has more than 40 million daily active users against 100 million monthly active users, and was most recently valued at around $3 billion. The app is in some ways similar to Instagram, with photos (some of which… Read MoreMatthew Lynley,Katie Roof
We’re hearing from sources that Kuaishou — a hot photo-sharing application in China — is planning on going public in the U.S. later this year. Sources tell us the app has more than 40 million daily active users against 100 million monthly active users, and was most recently valued at around $3 billion. The app is in some ways similar to Instagram, with photos (some of which… Read More
We’re hearing a lot of chatter that Foursquare is in the process of raising a new fundraising round that will be a down round. The exact dollar value of what the company is raising, as well as the exact valuation of the round, couldn’t be learned but either way the company is looking at another haircut to its valuation. One source tells us that Microsoft, which participated in… Read MoreFoursquare Is Raising A Down Round
Square’s somewhat conservative pricing earlier this month just got a lot more conservative. Square today priced its initial public offering at $9, giving the company a valuation of $2.66 billion. The last time the company raised money, it was valued at $6 billion, and earlier this month gave a range of $11 to $13 per share, valuing the company at $4.19 billion. Read More