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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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The Company Formerly Known as Snapchat may be Worth $25 Billion
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And tomorrow will be like today, only more so.
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(Score: -1, Troll) by Anonymous Coward on Saturday October 08 2016, @09:39AM
How many "social" companies need to die until geeks can take back the internet from people who assume the internet exists for marketing? Before SEO became a snappy acronym, search engine optimization was considered unethical. Naturally the business scum made SEO business as usual. Of course, cyberbegging used to be considered immoral too, and now look even SN does it. Which reminds me, you couldn't pay me to donate to SN.