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Bits & Bytes | Snap's Shares Slide, YNAP to Sell on WhatsApp

This week, Snap Inc.'s share prices have dropped to $22, below its initial trading price, and Yoox Net-a-Porter is developing technology to sell products directly through WhatsApp.
Snapchat makes its debut on the New York Stock Exchange | Source: Shutterstock
By
  • Helena Pike

"Snapchat Maker's Stock Keeps Falling — And Analysts Think It'll Drop Even More" (The Los Angeles Times)
"Analysts were concerned about Snap's ability to grow and to compete successfully with Facebook, which has 1.2 billion daily active users compared with Snapchat's 158 million."

"WhatsApp Joins Arsenal of Online Luxury Amid Race for Customers" (Bloomberg)
"By becoming one of the first companies to use WhatsApp to sell directly to customers, Yoox Net-a-Porter is seeking a leg up on competitors like Farfetch and luxury brands' own sites."

"Amazon and Pinterest Threaten to Shake Up the Search Ad Market" (Wall Street Journal)
"Google continues to dominate search advertising, but ad buyers say they welcome the competition."

"India's Paytm E-Commerce Raises $200 Million From Alibaba, SAIF Partners" (Reuters)
"Paytm has raised $200 million to expand its online retail business in a market dominated by homegrown Flipkart and US tech giant Amazon."

"One of Facebook Messenger's First Retail Partners Has Ditched It as a Notification Tool" (Recode)
"Everlane emailed customers to let them know that it is discontinuing using the messaging platform as a notification tool."

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