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Snap, Inc.
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Snap Inc. is an American multinational technology and social media company, founded on September 16, 2011 by Evan Spiegel and Bobby Murphy and based in Venice, Los Angeles. Its products include Snapchat and Spectacles, as well as the Bitmoji app. The company was originally named Snapchat Inc. upon its inception, but it was rebranded on September 24, 2016 as Snap Inc. in order to include the Spectacles product under a single company.

Snap Inc. shares opened up 41% this morning, as the Snapchat parent company made its highly anticipated debut on the New York Stock Exchange.

Shares of Snap (SNAP) opened at $24, above the company’s $17 issue price. Snap sold 200 million shares to raise $3.4 billion, making it the largest U.S. IPO since Alibaba Group Holding Ltd.’s (BABA) offering in 2014. The IPO price commanded an initial market capitalization of $19.7 billion, though that valuation rises to roughly $24 billion on a fully diluted basis. Both figures are above Snap’s last reported private market valuation of $17.8 billion.

Snap said it generated $404 million in sales in 2016. A valuation of $24 billion is about 60 times revenue.
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56Snapchat gets $250M investment from Saudi prince for 2.3% Josh Constine@joshconGlenn Petersen-August 8
55SNAP "Piper Jaffray conducted the surveyof 6,000 teenagers to discuss theiScottlee-June 8
54 $SNAP SNAP "Snap Is Worth $20 Per Share, A 54% Upside" Jun. 7, 2018Scottlee-June 8
53A pretty big gap down on earnings. Oversold? Watching to see if 10.90 low holds Ron-May 2
52A deep dive into Facebook's augmented reality efforts: Message 31521413Glenn Petersen-March 11
51In One Tweet, Kylie Jenner Wiped Out $1.3 Billion of Snap’s Market Value By JusGlenn Petersen-February 23
50Snap stock soars 35%, despite doubts over whether momentum can be sustained marzax-February 7
49Snap Revenue Surges on User Growth, Advertising Gains bloomberg.comGlenn Petersen-February 6
48Up in today's down market. Bullish crossover in MACD and Stochastic oscillatAlejandroo Green-February 5
47Rising with good volume. Would like to see a break above 14.53. [graphic]Alejandroo Green-February 1
46Businessweek has a story on Snap, about a "misguided crusade". Sr K-January 8
45Snap, Inc disappoints in latest earnings reportdrmicrocap-12/5/2017
44Barron's Snap Execs Sell $38M in Stock Below IPO Price Four sellers establSr K-11/19/2017
43Snap stock whipsawed after China's Tencent takes a stake in Snapchat's pGlenn Petersen-11/8/2017
42Snap stock is down big after reporting less revenue — and fewer users — than WalGlenn Petersen-11/7/2017
41Snap reportedly stuck with ‘hundreds of thousands' of unsold Spectacles AppGlenn Petersen-10/23/2017
40There is perhaps no better example of this dynamic than what has happened to SnaGlenn Petersen-10/22/2017
39On watch for breakout at 16.86. [graphic]hollyhunter-10/12/2017
38Snap has sold more Spectacles than Apple sold iPods in their first year, says CEGlenn Petersen110/4/2017
37on WSJ.com Google is developing technology to let publishers create visual-orieSr K-8/4/2017
36Insiders say Google was interested in buying Snap for at least $30 billion last Glenn Petersen-8/3/2017
35Message 31011253da_cheif™-8/1/2017
34Snap had acquisition talks with AdRoll and is actively shopping for ad tech starGlenn Petersen17/15/2017
33Snap closes below $17 IPO price amid fears insiders will dump shares The IPO waGlenn Petersen-7/10/2017
32on the Russell rebalance following the close June 23: Tech to see bump in growSr K-6/17/2017
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