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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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Snapchat files for $3 billion IPO

Save and search Snapchats with new Memories feature The biggest social media IPO since Twitter is here. Snap Inc., the parent company of Snapchat, filed paperwork on Thursday to raise $3 billion in its long-awaited initial public offering. The tech company will only sell non-voting shares when it goes public. …

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Chipotle profit down 76%

How the world’s largest food company keeps your food safe Chipotle reported yet another terrible earnings quarter Thursday. The company said its quarterly profits were down 76% compared to the same period last year — to $16 million from about $68 million.

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