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What Snap’s I.P.O. Filing Reveals About the Company

Snap, the parent of Snapchat, disclosed several important aspects of its business in its initial public offering document. The complete filing is here. Below are notable excerpts. Revenue and Profitability Our advertising business is still young but growing rapidly. For the year ended December 31, 2016, we recorded revenue of …

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Tensions Between New and Old, Played Out at Ralph Lauren

When Stefan Larsson joined Ralph Lauren as its chief executive less than two years ago, to work beside the fashion house’s founder, he had big ideas for transforming the stagnant brand’s offerings into must-have clothing for the 21st century. But as it turned out, all of Mr. Larsson’s ideas did …

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Donald Trump and Lawmakers Confer on Imports and Tax Code

WASHINGTON — President Trump, at loggerheads with congressional Republicans over the best way to overhaul the tax code, may have come toward Capitol Hill on a key sticking point, the way imports should be taxed, after a meeting at the White House on Thursday, said Representative Kevin Brady, chairman of …

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Amazon’s Holiday Quarter Doesn’t Match High Expectations

SAN FRANCISCO — Amazon showed the kind of growth over the holidays that most big companies would die for, as it continued to suck away sales from crumbling bricks-and-mortar retailers. But it was not enough. Despite a 55 percent increase in profit, Amazon’s revenue in the fourth quarter of 2016 …

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Trump Looks to Another Finance Veteran for Senior Role

The founder of Cerberus Capital Management, an investment firm that owns companies like the gun maker Remington Outdoor and the supermarket chain Albertsons, is in discussions to join the Trump administration, the firm disclosed on Thursday. Stephen A. Feinberg, the founder, has held discussions with President Trump’s transition team about …

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Macy's, J.C. Penney Settle Martha Stewart Litigation

NEW YORK — Macy’s Inc has settled its lawsuit accusing J.C. Penney Co of interfering improperly with its exclusive merchandising agreement with Martha Stewart Living Omnimedia Inc. New York State Supreme Court Justice Jeffrey Oing in Manhattan ordered the case’s dismissal this week, following a joint request from Macy’s and …

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Uber C.E.O. to Leave Trump Advisory Council After Criticism

SAN FRANCISCO — Travis Kalanick, chief executive of Uber, plans to step down from President Donald J. Trump’s economic advisory council, according to an email that the executive sent to employees on Thursday that was obtained by The New York Times. “Earlier today I spoke briefly with the president about …

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