We at The Flash are no longer teenagers, and thus may largely be (according to Slate’s Will Oremus) befuddled by Snapchat. But we do understand the intricacies of taking a company public – and that’s just what co-founder Evan Spiegel said (at Code Conference 2015) he is planning for Snapchat. With nearly 100 million daily users and a valuation of $15 billion, this young company is certainly one to watch. Code Conference was also where BuzzFeed CEO Jonah Peretti said that he was likewise planning an IPO.
And…consolidation is afoot in the tech publishing world, with Re/code being acquired by Vox – reflecting the perils of failing to either go big or go niche.
Finally, The Flash also checked in with headlines from the Google I/O conference – the annual software developer-focused event held in San Fran this past week. The biggest bombshell? Well, let’s just say that Now on Tap (a new feature of its Android OS) promises to change everything about the way you use your phone.
All in this week’s version of The Flash!
- Snapchat co-founder and chief Evan Spiegel said he has a plan for an initial public offering and has no desire to field any acquisitions offers (Wall Street Journal)
- BuzzFeed CEO Johan Peretti doesn’t have a timeline, but he does have a plan to go public (Re/code)
- Re/code springs from the publishing “valley of death” by convincing Vox to buy it (Fortune)