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

[the cac mamba]

You own some Wendy's?

inshallah

thats my goal. heard revenue is a million a year per store

 

[the cac mamba]

As usual white people making millions and billions of black people. Lets pretend that black people aren't the main ones making social media profitable.

yeah. i'll pretend that what a buncha bullshyt

 

[International Playa]

They should cashout now while its still hot, these social apps go in & out of fashion quickly

 

[MalikX]

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.

It was $3 billion actually

Facebook offered them $3 billion

Google offered them $4 billion

Considering they don't make anything, it was a good deal

I don't see Snapchat making any money long term. They'll go the same way of Twitter, who's struggling hard right now to make enough money to justify their IPO valuation. Snapchat is trying to shoot for a $25 billion valuation even though they only made $400 million last year.

 

[Y2Dre]

Damn, what a perfect time to be wealthy.


Hope my app does this well when it drops.

 

[LeflaurLeflahEshkoshka]

They should cashout now while its still hot, these social apps go in & out of fashion quickly

There are laws in place so they can't just cash out. That would tank the company anyway.

Their shares are restricted so they can only sell a certain number of shares every quarter/yr. It's to prevent ceos and big execs from getting their stock options and selling all of it immediately.

 

[stealthbomber]

Snapchat is above Twitter. Twitter isn't that successful

its not 2012 twitter but 90% of the funny shyt on the internet is there. best place to find out what's happening. and facebook is wack. it's only good cuz everyone has one.

 

[Yesterday]

I'm confused as to why "tech" IPOs are still hyped. Every single one of then has failed, except FB. Every single damn one. Most are well below their offering price. Even websites are hiding under the veil of being a "tech startup". There was no need for a website like etsy to go public. Which is the problem, the line between a website, product, and company has been blurred.

IPOs now are nothing more than opportunities for venture capitalist to get immediate returns on their investments.

 

[Sterling Archer]

It isn't but there shouldn't be a large gap between revenue and whatever inflated value the market set. Personally, I don't see snapchats user base growing that much and see it being phased out by a newer social media app in time especially with nice they really try to monetize it.

But in the meantime, that resource is second only to FB from an advertising standpoint. I wouldnt be surprised that the loss suffered the previous year had more to with expenditures prior to going public now. Even if its otherwise, the earning potential of that database is massive to marketing firms of prospective companies.

 

[Sterling Archer]

I'm confused as to why "tech" IPOs are still hyped. Every single one of then has failed, except FB. Every single damn one. Most are well below their offering price. Even websites are hiding under the veil of being a "tech startup". There was no need for a website like etsy to go public. Which is the problem, the line between a website, product, and company has been blurred.

IPOs now are nothing more than opportunities for venture capitalist to get immediate returns on their investments.

Because of the flash in the pan that always earns. With companies like these, its never about if but when. Strike while its hot and your return will feed you. Bail before it hemorrhages. Flip packs of borderline raw on the first and fifteenth. Step on everything else or your bleed yourself dry.

 

[sayyestothis]

So many haters in here. Smh

 

[MikeyC]

I like they story tho ??? They was some it certs ogz like you coli brehs now they on

 

[OfTheCross]

inshallah

thats my goal. heard revenue is a million a year per store

What's the profit tho

 

[VertigoKnight]

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

I'd imagine stuff like all that facial scanning data is a boon to other companies.

But the lesson learned from other apps whose owners tried to hold out for more and more money and then saw it's popularity sink is cash out while you can.

 

[CodeBlaMeVi]

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

They say snapchat is worth $20B but the co-founders are worth $3.7B each.

You schmucks use that shyt so there...