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Snap Inc, Snapchat, Files for IPO With Valuation of $25 billion

     
4:20 pm on Feb 3, 2017 (gmt 0)

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Snap Inc, Snapchat, has files for IPO and it indicates a valuation of approximately $25 billion, raising around $3 billion on the way.
The IPO currently shows the company made a loss of $514.6, but it's revenue growth over the past year shows over 500%.

Of course, now that Facebook is gunning for Snapchat with it's offering, it makes me wonder how investors will see the opportunity.

[sec.gov...]
12:16 am on Feb 21, 2017 (gmt 0)

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Given the cloning of SnapChat that has been going on and the plateauing of SC's user numbers one of two things is going to happen:
1. Spectacles becomes the greatest thing since sliced bread and SC becomes legendary.
2. insiders use the IPO to dump and run as soon as divestiture allows and SC becomes another SM carcase.