So Snapchat went public and made the creators $2.3 billion dollars each

[OfTheCross]

Here are some of the winners:

EVAN SPIEGEL Mr. Spiegel, 26, was a founder of the company and now serves as Snap’s chief executive and is a member of the board. According to the prospectus, he owns 227 million shares of the company, a stake that was worth $3.7 billion at the end of last year.

His regular compensation package was nothing to sniff at either. In 2016, he was paid $2.6 million, including $503,205 in base salary, a $1 million bonus and $901,635 in other compensation, which covered his $890,339 personal security budget.

BOBBY MURPHY Mr. Murphy, 28, helped found Snapchat when he and Mr. Spiegel were fraternity brothers at Stanford University. Mr. Murphy is now Snap’s chief technology officer and a member of the board.

Like Mr. Spiegel, Mr. Murphy owns 227 million shares of the company, which were worth $3.7 billion at the end of last year.

https://www.nytimes.com/2017/02/02/business/dealbook/snapchat-ipo-billionaire.html?_r=0

 

[Gab]

I fail to see how snapchat is actually worth 3.7 billion.

 

[lowkey0z]

 

[Unknown Poster]

fukk both these bytch ass crackers.

 

[Michael's Black Son]

I fail to see how snapchat is actually worth 3.7 billion.

This.

It has value for sure but no where near that price. And even tho it's popping now, I can easily see it fading (and shutting) like vine or myspace

 

[Neo. The Only. The One.]

This.

It has value for sure but no where near that price. And even tho it's popping now, I can easily see it fading (and shutting) like vine or myspace

Or blackplanet

 

[Remote]

So a fake wreath and doggy ears is worth 2.3 billion.

Just wait until they drop a "drawing hawaii" filter for the porn bytches with snap chat.

 

[MalikX]

 

[loyola llothta]

WINGSTOP.....RICH FOREVER

 

[BlackBall]

This.

It has value for sure but no where near that price. And even tho it's popping now, I can easily see it fading (and shutting) like vine or myspace

It's nowhere money in nowhere land

 

[OfTheCross]

If I'm them I cash all that shyt in right now...

 

[the cac mamba]

If I'm them I cash all that shyt in right now...

SELL, GODDAMNIT

cash the fukk out this shyt is so fickle that some dikkhead could introduce a new app tomorrow and cut that shyt to a third

 

[Turk]

nikkas in here hating as usual

to these young billionaires

 

[b_low_brown]

SELL, GODDAMNIT

cash the fukk out this shyt is so fickle that some dikkhead could introduce a new app tomorrow and cut that shyt to a third

To be fair If they used that logic when they first blew up and started getting offers they'd probably at seeing the company's value today. this business shyt is a gamble like anything else

 

[MIKE SPLEAN]

nikkas in here hating as usual

to these young billionaires