In the latest sign that some tech startups are overvalued, Fidelity has written down the value of its stake in Snapchat by 25 percent, according to a report by Morningstar. Fidelity participated in Snapchat’s Series F round earlier this year, at an estimated $15 billion valuation. The report, first identified by the Financial Times, showed that Fidelity valued its Snapchat shares at… Read MoreFidelity Writes Down Snapchat Investment
In the latest sign that some tech startups are overvalued, Fidelity has written down the value of its stake in Snapchat by 25 percent, according to a report by Morningstar. Fidelity participated in Snapchat’s Series F round earlier this year, at an estimated $15 billion valuation. The report, first identified by the Financial Times, showed that Fidelity valued its Snapchat shares at… Read More
Speaking at the Open Mobile Summit in San Francisco today, Twitter’s SVP of Product, Kevin Weil, shared with the crowd that the new hearts aren’t stopping activity. In fact, the activity is increased: “With the change from favorites to likes we’ve seen a 6% increase in like activity in just the first week.” –@kevinweil — Robi Ganguly (@rganguly) November… 
“What’s your sign?” The question has found itself on one too many “Horrible Pick-Up Lines” lists, but in reality most people who start dating, whether they consider themselves wildly astrological or not, end up asking about star signs. Align, a dating app launching out of beta, is looking to use astrological compatibility to help online daters find a more… 
As we reported earlier, you can now pre-order your Samsung Gear VR. It’s a device that’s going to unlock virtual reality for a lot of consumers, even though it requires a Samsung phone to drive it. Along with the announcement of pre-order for a ridiculously low $99, a bunch of games are hitting the scene to support its launch. Land’s End by Ustwo Games, Bandit Six: Salvo… 
Despite the headlines you may see today, President Obama already has a verified Facebook page. It’s this one: facebook.com/barackobama/. Obama launched another Facebook page for himself today, this time the official POTUS Facebook page.
Trying to wade through the noise and hype that surrounds VR can be overwhelming, but there are clear real-world uses that make the future of the technology exciting. Lucid flew through that noise for me. The thing that’s going to bring the “future” to the “now” is a killer app that consumers can understand and more importantly afford. That’s where Lucid… 
Welcome to another episode of CrunchWeek, TechCrunch’s weekly roundup show where we talk the biggest things in tech. This week we’re chatting about Twitter’s issues with diversity, Activision paying a lot of billions for the maker of the addictive game Candy Crush (hear Megan talk about her recovery), and Facebook’s earnings. They crushed it. So: As our resident…