With its novel SnapChat app, Snap IPO achieves $30 billion stock market valuation!

Olivia London

2017-03-03 05:39:00 Fri ET

As the biggest IPO since Alibaba in recent years, Snap Inc with its novel instant-messaging app SnapChat achieves $30 billion stock market capitalization.

Having raised more than $3 billion from its IPO, Snap easily beats the bid price that Facebook offered back in 2013.

In this modern era of digital technology, many financial economists and market observers suggest that unicorns, or tech startups with $1 billion net worth, often seek to be packaged as profitable M&A targets for large public corporations.

Snap demystifies this unicorn puzzle by going public with its stellar stock market performance and millennial popularity.


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Tony Robbins explains in his latest book on personal finance that *patience* is the top secret.

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2017-01-27 17:19:00 Friday ET

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Senator Elizabeth Warren proposes breaking up key tech titans such as Facebook, Apple, Microsoft, Google, and Amazon (FAMGA).

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Facebook introduces a new cryptocurrency Libra as a fresh medium of exchange for e-commerce.

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Tech titans from Apple and Amazon to Microsoft and Google can benefit from the G.O.P. tax reform.

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Empirical tests of multi-factor models for asset return prediction

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