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Snapchat’s parent lays off 10% of workforce

Snapchat’s parent lays off 10% of workforce
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
February 6, 2024

What We're Reading

  • Snapchat’s parent lays off 10% of workforce in order to ‘reduce hierarchy,’ says company [TechCrunch]
  • Oversight Board calls on Meta to rewrite ‘incoherent’ rules against faked videos [TechCrunch]
  • Tinder’s new warnings inform users when they’re potentially being inappropriate [TechCrunch]
  • Sam Altman says ChatGPT should be 'much less lazy now' [Business Insider]

Trending Companies


Niron Magnetics, a company that develops advanced magnetic materials, raises $86MM Equity Funding from GM Ventures.

Nanotechnology • Minneapolis, MN • Post-Money Valuation


Attune, a firm that equips financial institutions with a user-friendly Engagement Banking platform, raises $2.225MM Seed from Tribeca Early Stage Partners.

Fintech • New York, NY • Post-Money Valuation


Zum, a developer of a transportation platform, offering safe, efficient, and reliable services for students, raises $140MM Series E from GIC.

Software • Redwood City, CA • Post-Money Valuation


Kafene, a platform developer intended as a one-stop-shop point-of-sale payment partner and underwriting technology, raises $15MM Debt from Trinity Capital.

Fintech • New York, NY • Post-Money Valuation


Accompany Health, a primary, behavioral, and social care provider that offers at-home and virtual care, raises $56MM Series A from Venrock.

Health Care • Bethesda, MD • Post-Money Valuation


Splash, a independent provider of peer-to-peer sports strategy games, raises $14.1MM Series A2 from Boston Seed.

Online Games • Denver, CO • Post-Money Valuation


Synergy Spine Solutions, a company that develops spine technologies, particularly the Synergy Disc, a flagship product designed to restore both motion and alignment to the spine, raises  $30MM Equity Funding from Amzak Health.

Medical Devices • Louisville, CO • Post-Money Valuation


StreamAlive, a provides an audience engagement application for live stream events, raises $1.58MM Pre-Seed from Speciale Invest.

Software • Basking Ridge, NJ • Post-Money Valuation


Nile, a firm that develops a serverless postgres database platform intended for SaaS applications, raises $11.6MM Seed from Eric Vishria.

Platform • San Francisco, CA • Post-Money Valuation


Kriya, a company that provides flexible trade credit and B2B payments, raises $50MM Equity Funding from Viola Group.

Fintech • London, United Kingdom



Halia Therapeutics, a clinical-stage biopharmaceutical company discovering and developing novel therapies to improve the lives of patients with inflammatory disorders and neurological diseases, raises $30MM Series C from Todd Pedersen.

Biopharmaceuticals • Lehi, UT • Post-Money Valuation


Indemn, a company that developed a machine learning powered chatbots that provide insurance online, raises $1.9MM Pre-Seed from Markd.

Insurtech • New York, NY • Post-Money Valuation


Benepass, a company that developed a platform to flexibly distribute benefits and non-salary compensation, raises $20MM Equity Funding from Portage.

Fintech • New York, NY • Post-Money Valuation


MIC Global, a company that provides micro insurance services, raises $6MM Equity Funding from Launchpad Capital.

Insurtech • New York, NY • Post-Money Valuation


Mews acquires Frontdesk Anywhere, a firm that develops a cloud-based hotel and property management system.

SaaS • San Francisco, CA • Deal


LiveRamp completes the acquisition of Habu, a company that operates in the software & internet services industry.

Information Technology • San Francisco, CA • Deal


Ryder completes the acquisition of Cardinal Logistics, a logistics company that provides freight services.

Freight Brokerage & Forwarding • Concord, NC • Deal


Blackhawk Network intends to acquire Tango Card, a gift card company.

Gifts • Seattle, WA • Deal


Bluespring Wealth Partners acquires Hughes Financial Services, an independent financial planning firm.

Investment Management • Herndon, VA • Deal


State Street completes the acquisition of CF Global Trading, a company that operates in the investment management & financial advisory industry.

Advisory • New York, NY • Deal

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