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1/1 resolved calls right
1 scored · avg 95
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Snap's valuation will be around $25 billion at the time of its IPO.
What happened: Snap went public on March 2, 2017 at $17 per share, raising $3.3 B and achieving a market valuation of roughly $25.5 B, close to the predicted $25 B.
Verify at source ↗it's an investment that has not yet panned out and Snapchat wants more people to do this because they want to present themselves as an alternative to television rather than as an alternative to Facebook
we'll see a lot of television on there soon I think this year
I think it's changed so I think at first when the audience was very tiny people were saying why bother doing this especially when Snapchat forces media companies to do so much more work around reformating stories
I think they have uh I forgot the number in my story I think it was 100 million users on Discover every month
discover has grown so a year ago you could argue that very very few people looked at Discover so their growth rate and I think this is one of the things about Wall Street the growth rate is doing this it's going up and to the right very quickly even if it's off a small base
one of the reasons why Netflix was so adamantly for net neutrality is because they would be so wildly disadvantaged to a YouTube which is part of Google ... that is the part of the business that's so profitable they would be able to ... have a strong advantage over Netflix
it's an investment that has not yet panned out and Snapchat wants more people to do this because they want to present themselves as an alternative to television rather than as an alternative to Facebook
it feels like a why not like okay this isn't the worst way to invest ones money because the audience is growing and we'll see a lot of television on there soon
I think they have uh I forgot the number in my story I think it was 100 million users on Discover every month
discover has grown so a year ago you could argue that very very few people looked at Discover so their growth rate and I think this is one of the things about Wall Street the growth rate is doing this it's going up and to the right very quickly even if it's off a small base
I don't see how it survives
I mean I don't think I don't see how it survives