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Bits & Bytes | Snapchat's Multi-Billion Dollar IPO, Leather Grown in a Lab

This week, Snapchat files for IPO, seeking a $25 billion valuation amidst scepticism, while biotechnology companies grow sustainable leather in labs.
Leather in a tannery (stock image)| Source: Shutterstock
By
  • Edwin Jiang

"Snapchat Rising: Is Facebook-Sized Success the Future for This Youthful App" (The Guardian)
"The ephemeral app is set to go public, could be worth $25bn, and is seen as the only serious challenger to Facebook's audience. But can the ascent continue?"

"Would You Wear a Leather Jacket Grown in a Lab?" (Quartz)
"Founded in 2011, Modern Meadow has turned to biotechnology to literally grow leather in a lab. It works like this: Using DNA-sequence editing, ordinary cells are transformed into little factories that churn out collagen, which is the main structural protein found in animal skin."

"Amazon Revenue Misses Estimates as Holiday Sales Fall Short" (Bloomberg)
"Amazon.com Inc. reported disappointing sales in the holiday quarter and said revenue in the current period may miss estimates, raising concerns that rising spending on warehouses, movies and gadgets is not yet translating into fast enough growth."

"The Promise of Augmented Reality"(The Economist)
"None of the present approaches to AR seems likely to change the world as the iPhone did. But those behind them hope that, one day, a combination of them will."

"Facebook Now Makes 84% of Its Advertising Revenue From Mobile " (AdWeek)
"According to the company's latest earnings [...] mobile advertising accounted for 84 percent of [Facebook's] 2016 fourth-quarter revenue — up from 80 percent during the same period the previous year."

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