Shannon Liao, writing for The Verge;
Saudi Arabia is lifting a year-long ban on Skype and other services like WhatsApp and Snapchat, effective at 8PM ET today. According to a statement from Saudi Arabia’s telecommunications authority posted on Twitter, any voice and video apps that meet the rules will be allowed.
Here’s the tweet from CITC;
You can read Saudi’s CITC official announcement here, the translated version here.
Saudi Arabia block VoIP-based messenger more than 4 years ago. It make sense for the Kingdom to remove the block specially in a state of economic crunch, since an increase in data consumption will be an additional revenue for telecom provider.
Corrie Driebusch and Maureen Farrell, reporting for Wall Street Journal;
Snap Inc. priced its initial public offering above expectations Wednesday, as investors clamored for a piece of the biggest technology IPO in the U.S. since Alibaba Group Holding Ltd. made its debut in 2014.
Snap fetched $17 a share in its offering, the company said, confirming an earlier report by The Wall Street Journal. That gives the parent of popular disappearing-message app Snapchat a market value of nearly $24 billion. It was also above the $14 to $16 a share Snap had targeted, indicating strong demand for an IPO that has captivated investors and analysts since the company confidentially filed for the offering late last year.
Agence France Presse via Rappler;
The head of Sony’s entertainment business announced Friday, January 13, that he is stepping down to devote energy to Snapchat as the startup behind the smartphone messaging app prepares to go public.
A great hire by Snap, since the company appears to the shifting its focus on content and other media.