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Snap Sees IPO Pop, Surges To Over $25.00 Per Share In Early Trading

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Venice-based Snap Inc. had a huge debut on the New York Stock Exchange (NYSE) on Thursday, as it started trading as SNAP, surging above $25.00 per share in early morning trading--up more than 43%. per share, and was heading up with only a few minutes on the trading day. The company--which priced at $17.00 billion each.

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Report: Snapchat Turns Down $3 Billion Offer From Facebook

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In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. READ MORE>>. snapchat merger acquisition exit facebook tencent mobile'

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Santa Monica Tech Community Grows, As Another Tech Law Firm Sets Up Shop

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High tech startups--and the service providers who serve the industry--are continuing to cluster along Santa Monica's Third Street Promenade, as Stubbs, Alderton & Markiles LLP , one of the Los Angeles legal firms focused on the high tech market, announced a grand opening date for a new office on the 3rd Street Promenade.

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What Mattered in 2012: Paul Bricault, Amplify LA

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For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's high tech community. Paul Bricault is Managing Partner at Amplify LA (Www.amplify.la), a hands-on startup accelerator and co-working and community space in Venice. READ MORE>>.

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NextSpace Expands Beyond California With New Funding, Chicago Acquisition

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The coworking trend--which started in part in Southern California and its high tech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California.

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Lawsuit Targets Snapchat Founders, Venture Investors

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A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s high tech startup cluster in recent years--says that the company''s founders stole the idea for the company from him after forcing him out of the company early on in its history.

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What Mattered in 2012: Kevin Winston, Digital LA

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For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's high tech community. The biggest impact on the LA tech scene in 2012 is the arrival of the accelerators and coworking spaces, which have helped drive LA's tech scene like never before.