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

[Black Nate Grey]

It's crazy how social media apps will sell for billions, but the advances in technology we actually need like medicine, transportation, computing, alternative and renewable energy won't go for even a quarter that.

Superficial ass society lol.

 

[getmoney310cpt]

Wonder how much start up money they had to start this as "frat boys" at Stanford...it's hard to give props when you KNOW they had the privileges to win most don't have...I respect rags to riches any race trust fund CACS who get rich only doing what they're SUPPOSED TO DO

 

[Brandeezy]

There's actually a 3rd cat who left before it took off but they still gave him like 30M

 

[-----]

nikkas in here hating as usual

to these young billionaires

I'd still cash out though. And I mean fast.

 

[-----]

Wonder how much start up money they had to start this as "frat boys" at Stanford...it's hard to give props when you KNOW they had the privileges to win most don't have...I respect rags to riches any race trust fund CACS who get rich only doing what they're SUPPOSED TO DO

Exactly. If you or I came up with the idea that could make billions they would try and steal it before give us any venture capital.

 

[SheWantTheD]

Smart move cause instagram coming for they ass with ig stories.

I see more and more people moving to ig stories, but snapchat won't go anywhere because of all the private snaps people use, the features etc.

 

[GunRanger]

nikkas in here hating as usual

to these young billionaires

Coli said they were stupid when Facebook wanted to buy for a billion. Now they should sell when they're worth triple that. Lmao

These guys don't need money. Making a company work is fun for them.

 

[mannyrs13]

I don't understand how Snapchat makes money.

Advertising.


Just like the coli.

 

[Astroslik]

Mid 20s billionaires

 

[KillerB88]

Read their story. Their parents have them the money to get started. We need more black people in tech. This kind of money could do great things for our community

 

[Vinny Lupton]

zuckerburg has been trying to buy them for a while, which is why they keep taking their ideas and applying it to fb and ig

Came in to say this. IG added the story and disappearing pics

 

[stealthbomber]

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

how can you not? i see people snap all fukking day

in my view it's third behind twitter and facebook

i can see it lasting longer than instagram

anyone can make an app for putting up pics

snapchat is the world broadcasting itself

edit: but 3.7b is pretty ridiculous for ipo...

 

[Ol’Otis]

IPO's are the worst

 

[Sukairain]

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

True but once it hits the billions I'm going to stab out it's more than enough for a lifetime of living in unimaginable opulence

 

[ALonelyDad]

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

Instagram tried, but they still held their ground. No reason to sell right now. All their competition really hasn't made noise.