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Technology Stocks
Snap, Inc.
An SI Board Since March 2017
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Emcee:  zax Type:  Moderated
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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60Snap stock surges on report that Biden may ban TikTok PUBLISHED WED, MAR 15 202Glenn Petersen-March 15
59Snapchat is releasing its own AI chatbot powered by ChatGPT / The ‘My AI’ bot wGlenn Petersen-February 27
58Snap says major business restructuring is coming and confirms it's cutting 2Glenn Petersen-8/31/2022
57SNAP downgraded by 13 firms today as the stock is down almost 40% as I write thiZen Dollar Round-7/22/2022
56Snap Plunges, And There Goes Social Media’s Online Ad Biz Profit warning from sGlenn Petersen-5/25/2022
55Snap Fails to Inspire Street, Sending Shares to Record Low (zax-10/26/2018
54Snapchat gets $250M investment from Saudi prince for 2.3% Josh Constine@joshconGlenn Petersen-8/8/2018
53SNAP "Piper Jaffray conducted the surveyof 6,000 teenagers to discuss theiScottlee-6/8/2018
52$SNAP SNAP "Snap Is Worth $20 Per Share, A 54% Upside" Jun. 7, 2018 Scottlee-6/8/2018
51A pretty big gap down on earnings. Oversold? Watching to see if 10.90 low holds Ron-5/2/2018
50A deep dive into Facebook's augmented reality efforts: Message 31521413Glenn Petersen-3/11/2018
49In One Tweet, Kylie Jenner Wiped Out $1.3 Billion of Snap’s Market Value By JusGlenn Petersen-2/23/2018
48Snap stock soars 35%, despite doubts over whether momentum can be sustained marzax-2/7/2018
47Snap Revenue Surges on User Growth, Advertising Gains bloomberg.comGlenn Petersen-2/6/2018
46Businessweek has a story on Snap, about a "misguided crusade". Sr K-1/8/2018
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 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
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