Snap 8217 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Netflix, eager to spark better relationships with Madison Avenue after years of avoiding...

Snap Is Acquiring AR Display Maker WaveOptics for More Than $500 Million Todd Spangler, provided by FacebookTwitterEmail In its biggest-ever acquisition, Snap is buying U.K.-based WaveOptics, the company that makes the augmented-reality displays for Snap’s new Spectacles smart glasses, in a deal worth more than $500 million. A Snap spokesperson confirmed the company’s acquisition of WaveOptics, which was first reported by The Verge. WaveOptics reps didn’t respond to a request for more info. More from Variety Under the terms of Snap’s deal for WaveOptics, it will pay approximately hal...

Reddit Hires Former Snap CFO as It Mulls IPO Todd Spangler, provided by FacebookTwitterEmail Veteran finance exec Drew Vollero, who shepherded Snapchat parent Snap’s initial public offering in 2017, has joined Reddit as its first CFO — as the internet discussion site is mulling an IPO of its own. Vollero, who has 30-plus years of industry experience including a 15-year stint at Mattel, will assume leadership of Reddit’s finance team starting later in March and report to Reddit COO Jen Wong. More from Variety “Drew is an industry thought leader who brings a track record of building a ...