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posted by martyb on Saturday October 08 2016, @08:11AM   Printer-friendly
from the picture-this! dept.

Let's get social!

Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, The Wall Street Journal reported, citing several people familiar with the matter. Snap Inc, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March, the Journal reported. (on.wsj.com/2cVicKG)

An IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion, based on a $1.81 billion financing round in May.


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  • (Score: 0) by Anonymous Coward on Saturday October 08 2016, @08:29AM

    by Anonymous Coward on Saturday October 08 2016, @08:29AM (#411710)

    Remember when tech companies developed technology, instead of financial fraud? No, I don't remember, either.

  • (Score: 2) by FatPhil on Sunday October 09 2016, @07:17PM

    by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Sunday October 09 2016, @07:17PM (#412158) Homepage
    I'm one of the people who' still doing technology and nothing else for an IT company that's doing technology and nothing else.

    Then egain, we're one of the weird ones who gives our tech away for free.
    --
    Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves