Feb 17, 2017
Week in Review, February 18
Snap is trying to sell itself as a "Camera company", focused on encouraging the creation of pictures and snaps as conversation, distinct from social media companies, which give a higher priority to the consumption of content. Switzerland's Nestlé and France's Danone this week reported the slowest sales growth for two decades, highlighting strategic challenges facing the world's largest food companies. Organic growth at the world's largest food and drinks company slowed to 3.2 per cent in 2016 - lower even than the company had expected last October. On Wednesday, people involved in the negotiations said both companies are close to agreeing a $300m discount on the deal, in what would be one of the first times that discovery of a cyber attack has led to a renegotiation of an acquisition price. If the deal is completed, it will mark the end of a long saga for Marissa Mayer, Yahoo's chief executive, who joined the company from Google in 2012.
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