Four months after Snap Inc. — the company behind Snapchat and Spectacles — quietly began looking into an initial public offering, filing papers to gauge investor interest in a public debut to the tune of $25 billion, the photo-messaging app has revised those plans, dropping the price by about $3 billion. [More]
That’s A Lot Of Money
Report: Snapchat Toying With IPO Valued At $25B
By 10.6.16
Three years after some folks laughed at Snapchat for reportedly turning down $3 billion from Facebook and $4 billion from Google, the messaging platform is apparently planning to go public with an initial offering that values the company at several times those earlier amounts. [More]
How Much Is A Company That Knows All About Your Financial Behavior Worth? Turns Out A Lot.
By 6.25.15
It’s no secret that consumer financial data is valuable: it determines if you get better rates on loans and allows lenders to predict the likelihood you’ll pay back debts. While we can’t necessarily put a price tag on that data (yet), we now know that one of the largest companies to collect that information is worth a bundle – 4 billion bundles, in fact. [More]
