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Report: Snapchat’s Parent Company files for IPO

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Pedestrians walked past a Snapchat sign outside of the New York Stock Exchange last month in Manhattan. Credit Michael Nagle/Bloomberg

Pedestrians walked past a Snapchat sign outside of the New York Stock Exchange last month in Manhattan. Credit Michael Nagle/Bloomberg

SAN FRANCISCO (Diya TV) — Snapchat has confidentially filed paperwork for an initial public offering, according to reports Tuesday from CNBC and Reuters.

Reports from both outlets said Snapchat, which recently changed its name to Snap Inc., has begun the process of going public.

Snapchat’s IPO has been highly anticipated, and is expected to raise as much as $4 billion. That would ultimately give the company a valuation of $25 billion to $35 billion, according to Bloomberg. The company has raised $2.4 billion in funding to date, and currently carries a valuation of $18 billion.

Founded in a Stanford University dorm room in 2011, Snapchat has become a darling of the tech world, as it has grown from a simple disappearing-messages service into a digital video phenomenon. Its lofty goal is to essentially become the online generation’s equivalent to television.

Snapchat has become wildly popular among young people, it’s current user base has swelled to some 150 million daily active users. The company recently said it would make its first foray into hardware by selling video-capturing glasses out of vending machines for $129.99.

Advertisers have too been shelling out the big bucks to reach the coveted Millennial crowd and Snapchat’s revenue could total $366.7 million this year, according to a report from eMarketer. The firm expects Snapchat’s revenue to climb to nearly $1 billion in 2017.

Even the White House has set up a Snapchat account, and President Obama has given an interview on the company’s in-house political show.

The company is reportedly looking to go public as early as the first quarter of 2017, however, an official timeframe has not yet been established. The event could very likely set the stage for the resurgence of tech IPOs. This year’s largest public offering was from Chinese logistics company ZTO Express, which delivers packages ordered off Alibaba and other sites, and raised $1.4 billion in its New York Stock Exchange debut in October. The largest tech IPO in 2016 was from Line, another messaging app, which is popular in Asia.

 

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Harvard to host 17th annual India Conference this February

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CAMBRIDGE, Mass. (Diya TV) — For the 17th year in a row, the graduate students at Harvard University will host an India Conference. It will take place during the weekend of February 15-16, 2020. Two days of exciting discussions through panels, mixers and networking will fill the halls of the Harvard Business School and Kennedy School of Government.

The theme for this year’s conference is Foresight 20/20 – a look at what to expect from India in 2020 and beyond. As one of the largest student led conferences in the USA, the Harvard India conference attracts the biggest headliners from every field – from politics, business, entertainment & the arts. And this year is no different.

India Conference
India Conference at Harvard

With more than 100 speakers and 1000 attendees, the conference promises to have something for everyone. This year’s biggest draw from the entertainment genre is veteran Bollywood actor and self proclaimed ambassador to India, Anupam Kher. Kher has a long standing list of accolades within the film industry. In addition to his acting roles, he has been a producer, director and teacher at his own acting school. Most recently he played the role of Dr. Vijay Kapur on NBC’s primetime drama ‘New Amsterdam‘.

Some other notable speakers this year include founder of the India Today Group, Aroon Purie, Indian Olympic athelete Dutee Chand, comedian and actor, Vir Das, partner at Softbanks’ Vision Fund Lydia Jett & politician and India’s ruling party (BJP)’s sherpa to the G20, Suresh Prabhu.

The harsh winter in Harvard doesn’t seem slow down or dull these brilliant minds in any way. The India Conference at Harvard continues to retain its standing as the conference of choice for deliberating issues ranging from technology, media, politics and eduction to creating solutions for India’s path towards global leadership. The event features brainstorming sessions and sincere discussions on the very real and large scale problems that are uniquely Indian.

Diya TV is a media sponsor to the event and will be on-site covering conference. To receive a 20% discount use code RDAY20 here and to know more about the conference or speakers, head to the IndiaConference.com

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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