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Snapchat Files For IPO (reuters.com)
According to sources familiar with the matter, Snapchat has filed for an initial public offering (IPO) that could value the company at $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group went public two years ago. Reuters reports: Snapchat filed with the Securities and Exchange Commission under the U.S. Jumpstart Our Business Startups Act. Companies with less than $1 billion in revenue can secretly file for an IPO, allowing them to quietly test investor appetite while keeping financials confidential. A Snapchat IPO is seen by many investors as a bellwether for many of the largest so-called "unicorns," private, venture-backed companies that are valued at more than $1 billion. Nicknamed "decacorns," these companies are valued in the tens of billions of dollars and include Snapchat, car-sharing company Uber Technologies Inc and home-sharing company Airbnb. No decacorn has yet tested the public market, and it is unproven whether they can beat or even replicate such astronomic valuations with more scrutinizing public investors. Snapchat started in 2012 as a free mobile app that allows users to send photos that vanish within seconds. It has more than 100 million active users, about 60 percent of whom are aged 13 to 24, making it an attractive way for advertisers to reach millennials.
it's started.
Dot Bomb 2.0 here we come!!!
Your investment may be short-lived and self-deleting.
Snapchat files for Chapter 11
Take a deep breath Pepe'. Now relax. It will all be better soon. No struggles, only dreams.
The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
Another tech company that has no business going public, is going public. Realistically, less than 10% of public tech companies even need it.
Better off to stay private, so you don't have to keep investors happy.
Loathsome.
$25 billion, 100 million monthly active users, that's $250 per user. Ridiculous.
Even growth potential is limited, competitors are already established, and if Trump throws a tantrum, then US messaging will get banned around the world, Snapchat will have no growth potential.
It reminds me of Skype in the post PRISM world.
Teenagers and students, lots of cash to spend on advertisers products...
The beginning of the end. Make a lot of cash on the IPO, cash-out to ???
If you want news from today, you have to come back tomorrow.
Well his hacker helpers had access to election emails, and the election registration websites, so its worth considering what access to the NSA secret warrants gives him:
If you install Snapchat on your phone, you are giving Trumps boys access to the following:
Read Phone Status and Identity
Receive Text Messages (SMS)
Take Pictures and Videos
Record Audio
Precise Location (GPS and Network-Based)
Read Your Contacts
Read Your Own Contact Card
Modify or Delete the Contents of Your USB Storage
Read the Contents of Your USB Storage
Find Accounts on the Device
Network Permissions
Full Network Access
Receive Data from the Internet
View Network Connections
View Wi-Fi Connections
Control Flashlight
Control Vibration
Prevent Phone from Sleeping
Change Your Audio Settings
So, Trumps men can see every conversation, listen in on audio, watch you, see your network, who you talk to, when where you are, everything you do. And he is not democratically elected, he has no democratic mandate to lead and has stated an extreme authoritarian viewpoint. Do you really want to install this app?
You pretend Trump isn't an issue, but he's a big orange lying election rigging toe rag of an issue.
Isn't the whole point of going public to help expand the business into new areas of development? WTF does snapchat need to do that? It's a fucking IM app with auto del gimmick.
25Billion, wtfLOL
Seems like a tax avoidance scheme most likely on the horizon with lots of short winfalls to boot.
Maybe it's because I'm "old" at least by using the internet standards. But how are any of these chat programs worth anything? IRC, AOL instant messenger, whatever the MSN one was called. They all get replaced so easily, and this generation will probably meet the same fate, it's like saying G-mail is worth billions because it has "so many users!" Is it just a cash in on inept investors?
Whine more, incel beta boy.
I'm confused. I've heard of Snapchat. I don't use it. Are you sure you didn't mean $25,000,000 IPO?
So they have 100M active users. At $25B they're valuing the company at $250 per user. That seems at least a couple of orders of magnitude too high!
Did we learn nothing from the .com bubble?
This forum Sig is licensed under the LGPL.
Just as confused as Zuckerberg, who's $3,000,000,000 offer was turned down.
That just means you're probably older than 25. You probably still use e-mail too.
I think most adults don't use it, but know all the young people use it, so all the money men figure it's the Next Big Thing(tm), and are overvaluing it because they don't want to miss out on the Next Big Thing(tm), even though no one has a damn clue how anyone is going to actually make money from it, let alone $25B of revenue from it. But they know it's going to be BIG.
Same as Twitter, I think, although I have a feeling as soon as everyone figures out that no one actually wants to *buy* it as its current price, we're going to see a little air let out of that balloon.
Irony: Agile development has too much intertia to be abandoned now.
Well the only concrete number I can find is they have $3 million in 6 weeks revenue at the end of 2015. (so $25 million or so annually):
http://www.latimes.com/business/technology/la-fi-tn-snapchat-revenue-20150820-story.html
Those other numbers come from third party 'growth' projections. e.g. FT claimed their revenue would grow to be $100 million in 2016, and BusinessInsider claimed to would grow to be $1 billion (pinky in mouth) in 2017.
So are their user base going 'nuclear' as you put it? I can find a reported registered user head count at 100 million in 2014, and 150 million in 2016, so I don't think so. I've seen numbers such as 400 millon photos shared a month, (e.g. 4 per active user, = 4 possible ad views).
Can to take a stab at a PEGR when they don't even report earnings and growth in earnings? This is fools gold.
>Decacorn
Wtf, what a retard invents such lingo?
According to their math apparently $250.
It's definitely nearing the top of the bubble again. I'm not totally surprised Snapchat is trying to desperately IPO and get their founders cashed out before everything pops. Maybe they've learned something from history -- the late 90s was full of companies whose sole strategy was to rush a website or e-commerce offering out, then IPO or convince an established company to buy them out. Or, maybe they saw Twitter couldn't sell itself to anyone and want to hurry up and get their money out.
Everything "consumer social" is pretty saturated these days by Facebook and Twitter, so maybe it's a strategy to convince Facebook to buy them rather than actually going through with the IPO. The next big mini-bubble is "workplace social" -- Slack and Atlassian are all over that one and there are going to be billions wasted before people figure out that very few non-hipsters (in any age bracket) want a mash-up of Facebook and SharePoint as their primary work tool.
I think the big difference about this bubble is that it's going to last a longer time and sort of deflate slowly rather than pop. Ironically, that's because of cloud computing. These bubble companies are running on Amazon or Google or Microsoft cloud infrastructure and they don't have fixed costs like the late 90s dotbombs did. They don't have to buy a data center and servers -- the VC money is being used to rent them from providers. Companies can live a lot longer when there's no fear of a hard stop when you simply run out of money. It's too bad, because there was a ton of infrastructure items on the eBay market from bankruptcy sales last time around...not this time!