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Snapchat is one of the most popular social media apps among young people, averaging 306 million daily users. Learn about Snap Inc.'s market value and net worth.
The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, in order to include the Spectacles product under the company name. [12] Snap is co-owned by Tencent (which holds a 45.43% stake) and NBCUniversal , a subsidiary of Comcast (whose stake is undisclosed).
The share price rises to a little over $24 by the end of the day, corresponding to a market cap of $33 billion. [132] The price rises by another 10% on Friday, March 3, but as of March 3, Snap Inc. still has no buy ratings from analysts. [10] [133] 2017 June 21 Product Snapchat launches location sharing with a new feature called Snap Map.
Snapchat files for its IPO, and begins trading on the New York Stock Exchange. The share closed at $24.48, giving the company a valuation of around $33 billion. [100] 2017 Launch TikTok, a short video-sharing and social media service, launches. [101] 2017 Launch Co–Star, an astrological social networking service, launches. [102] 2017 Milestone
It told financial regulators earlier this year in a filing that it intends to sell 200 million class A shares, which will come without voting rights.
Conversely, $2,309.60 per Fair Isaac share may appear expensive in comparison, with its much smaller earnings — about $6 in the most recent quarter — relative to share price.
As of May 2012, 25 Snapchat images were being sent per second [21] and, as of November 2012, users had shared over one billion photos on the Snapchat iOS app, with 20 million photos being shared per day.
The big problem was a one-time $100 million legal settlement that pushed it to lose $49 million more in Q4 2019 than Q4 2018. The IPO was soured by weak user growth as people shifted from Snapchat ...