Business News

Uber Targeting 2019 For IPO

Uber plans to go public by 2019, says CEO Dara Khosrowshahi, speaking at The New York Times' Dealbook conference. He says an IPO is part of his plan for the company. In August he attached an 18-36 month range to the initial offering and now he's firmly setting 2019 as the date.

Tencent Acquired A 12% Stake In Snap

A sizable portion of Snap is now owned by China's Tencent, the company's latest earnings report has revealed. Based on a filing with the SEC, Tencent now holds 12% of all Snap shares. It only told Snap it was buying up the shares after the purchase was made.