Snapchat's parent company files for $3 Billion U.S. IPO


#1

Originally published at: http://boingboing.net/2017/02/02/snapchat-files-for-ipo.html


#2

Worth every penny, apparently.


#3

Just in time for the next bubble to pop & that $3B ipo will disappear in a snap.


#4

"net loss of $515 million in 2016, on revenue of $404"
Here’s a company that spends 900 million dollars a year on…?


#5

I guess they have 1,859 employees, which seems like a lot for what they offer. I’m curious how many of them are developing the app.

I am surprised social networking ipo’s are still valued so high. They seem lose momentum extremely fast, and it’s pretty much downhill from there.


#7

Signs I’m getting old: I barely get Instagram. Not on Twitter. I don’t get Snapchat at all.

I mean, Jesus, what will be next?


#8

Tax avoidance?

Snip Blip; its so new, even the cool kids aren’t using it yet. It combines a Twitter style architecture with a permanently active key logger.


#9

How they hell do they even make money? Isn’t the whole idea that you take a picture and then it disappears forever? What kind of business model is that?


#10

SnapNorm™
It will make your post-apocalyptic-nuclear-winter-face look something like it did way back in 2016…


#11

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