Snap chats Parent Company goes public. Everybody here in the bay area is watching this closely. Daniels is a consultant focused on snap. It may inspire local Tech Companies to get serious. Seeing what happened today could really get boards excited. And if boards in the next couple months start saying, lets be like snap, we could have just a quite a herd of really nice companies, and unicorns heading toward the markets. That would be awesome. Potentially awesome for those companies, what about the bay area economy and housing market, which has been pricing people out for years. One ipo like that could make a difference. Steve has been a realtor in San Francisco for 40 years, and says, tech has changed the market, facebooks Public Offering in 2012, almost doubled the number of Million Dollar listings in menlo park. People make an offer in good faith, and the property gets bid up 20 , very frustrating. Folks do leave the city because of that. Another blockbuster ipo just makes that worse.
Joining us tonight. Two former Stanford University students are multibillionaires. This morning, snap cofoun r cofounders rang the opening bell on the New York Stock Exchange as their company went publ public. The company had even more to celebrate after the closing bell. Snap finished its first day of trading at 24. 48. It managed to rise on a day the rest of the market dropped. The dow fell more than 100 points, the nasdaq dropped by 42. This is the biggest and most expensive American Tech Company to go public since facebook in 2012. Snap isnt a bay area company, its based in venice beach. Kate larson is live to explain how it has an influence on our local tech industry, kate . Even though snap is based in los angeles, it still feels like a Silicon Valley startup, a lot of the investors and people who work there are from the bay area. Which has people wondering if snap may be the end of a years long ipo dry spell. Snap chats Parent Company goes public. Everybody here in the bay area
Witness that could be called now into question. Jana. The public doffedders office told me today this really does call into question switzers cent in court cases where he was a witness or he had a hand. This could lead to trials, or dismissals of some cases he touched. Reporter Contra Costa County defender says his client was stopped by him in 2012. He was the officer who was the lead investigating officer. He was the officer who decided to pull over my client. The officer who decided to release a dog upon him. Reporter the Attorney Says his client received these dog bite injuries and had to be treated at a hospital after his encounter with switzer. The client claims he ran from switzer. The jury didnt believe it, and prosecuted the man in february. Switzer himself was under criminal investigation on administrative leave. My client was convicted without the jurors having this information, without the court having this information. His recore nows is to ask for a new trial, and we inten
Office told me today this really does call into question switzers cent in court cases where he was a witness or he had a hand. This could lead to trials, or dismissals of some cases he touched. Reporter Contra Costa County defender says his client was stopped by him in 2012. He was the officer who was the lead investigating officer. He was the officer who decided to pull over my client. The officer who decided to release a dog upon him. Reporter the Attorney Says his client received these dog bite injuries and had to be treated at a hospital after his encounter with switzer. The client claims he ran from switzer. The jury didnt believe it, and prosecuted the man in february. Switzer himself was under criminal investigation on administrative leave. My client was convicted without the jurors having this information, without the court having this information. His recore nows is to ask for a new trial, and we intend to do that. Reporter switzer was turned into jail on friday. Prosecutors h
Hang on. First in a series of storms line the up in the pacific is getting ready to come ashore and slam the bay area. San jose city crew cleared storm drains to prevent rain water prosecute backing up into the street. Several bay area cities are making sand bag available to people for free training to prevent flooding in their neighborhood. Storm strong winds prompted this Christmas Tree lot in San Francisco to tie down the tree so they dont get blown away. Coast guard warning about potentially dangerous waves at local beaches and says boaters should avoid sailing during the storm even though tempting because the winds are up and make sure the boat is properly tied up or anchored as the storm approaches. Good evenin evening. Could be pretty rough. Receipts get the very latest on it now from sandhya who is tracking the storm on live doppler 7 hd. It is going to be a rough morning for wind and rain. Heaviest will arrive for the morning commute. Show you the timing in a moment. Live dopp