IBD'S TAKE: Snap's trading debut Thursday will give regular investors a chance to get a piece of this fast-growing company. Snap sold 200 million shares at $17 apiece, valuing the company at $23.6 billion. Despite the challenges in converting "cool" into cash, Snap's valuation is the richest for a USA tech flotation since Facebook in 2012. He points to a huge user base of over 158 million daily active users who spend lots of time on the app.
Still, the company did hand out sweets to investors: it raised its quarterly dividend 21% to 34 cents a share and announced an accelerated share repurchase plan that goes from $1 billion over two years to $3 billion over two years. Best Buy's shares fell 9.4 percent to $40 at 7:08 a.m.in early trading in NY. Best Buy Co. posted a surprise decline in revenue in the final quarter of the year as it struggled to make certain products available to customers.
It means Niantic Labs was able to generate 150 new downloads since September. Eastern Time on March 6, 2017. Since its introduction in July, the Pokemon Go app has been downloaded 650 million times, with 44,600 terabytes of data transferred.
It's 4,803mm long - or just five centimetres shorter than the Sport. This latest model is meant to fill the gap in the range between the Evoque and Sport. The Velar, which shares the same underpinnings as the Range Rover Sport and will be built on the same production line in Solihull, England, will come in diesel and petrol variants powered by JLR's Ingenium engine.
The newly offered plans under Reliance Jio Prime are open for enrolment. Mukesh Ambani-led Reliance Jio has extended the benefits of Jio Prime membership plan to the non-Prime users with some modifications. This is for one Year Free and is worth Rs. 10,000! Jio is offering Prime membership to its existing customers. Pre-access to all upcoming Jio services (Broadband, DTH and more).
Bulletstorm: Full Clip Edition gets itself a new trailer focusing on the story. A lot of the incidentals had disappeared from my memory though, so when I played through a couple of levels of the remastered campaign at a recent press event, it nearly felt like I was playing through a brand new game.