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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Congresswoman Alexandria Ocasio-Cortez proposes greater public debt finance with minimal tax increases for the Green New Deal.

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Amazon acquires an Internet pharmacy PillPack in order to better compete with Walgreens and many other drug distributors.

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We assess almost all aspects of the current global race toward artificial general intelligence (AGI) between both the U.S. and China.

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2027-10-31 00:00:00 Sunday ET

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In the technological race between the U.S. and China, America leads in some strategic sectors from AI large language models (LLM), graphics processing units

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