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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 division of Comcast (whose stake is undisclosed).
It represented the lion's share of Snap's "other" revenue, which soared by 131% last year. The company says the subscription service has now reached an annual revenue run rate of $500 million.
(Reuters) -Snap beat Wall Street estimates for quarterly profit on Tuesday, benefiting from improvements to the Snapchat parent's advertising platform, sending its shares up 6% in extended trading.
Snapchat is an American multimedia instant messaging app and service developed by Snap Inc., originally Snapchat Inc. One of the principal features of the multimedia Snapchat is that pictures and messages are usually available for only a short time before they become inaccessible to their recipients.
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.
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Facebook goes public, negotiating a share price of $38 apiece, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. [60] 2012 Launch Snapchat launches video sharing, allowing users to share 10-second videos. [61] 2012 Launch Tinder, a dating-oriented social networking service, launches. [62] 2012