Snap, company that has SnapChat is expected to go public this week. What is everyone's thoughts and valuation of the company? How will it compare to similar companies such as FB and TWTR.
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We have three classes of common stock: Class A common stock, Class B common stock, and Class C common stock. The rights of the holders of
Class A common stock, Class B common stock, and Class C common stock are identical, except with respect to voting, conversion, and transfer
rights. Class A common stock is non- voting. Anyone purchasing Class A common stock in this offering will therefore not be entitled to any votes.
Each share of Class B common stock is entitled to one vote and is convertible into one share of Class A common stock. Each share of Class C
common stock is entitled to ten votes and is convertible into one share of Class B common stock. The Class C common stock, which is held by our
founders, each of whom is an executive officer and a director of the company, will represent approximately 88.5% of the voting power of our
outstanding capital stock following this offering
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if they achieve the massive revenue growth investors are hoping for, there is plenty of operating leverage in their business model with minimal capex.
No. Currently indicating a 23.50-24.50 opening price.OnlyForNow said:
sooo... is it open yet?
jpc08 said:
26 year old CEO with a supermodel fiancee and a big valuation. Not a bad gig.
Hope he got a prenup.jpc08 said:
Crazy, that puts their market cap around $33B... about the same as Target.
26 year old CEO with a supermodel fiancee and a big valuation. Not a bad gig.
amercer said:
How is buying non voting shares different than playing blackjack?
FarmerJohn said:
Bill Simmons podcast had an interesting tech business discussion last week that included Snapchat. Of course, his podcasts clock in over an hour. Summary for those with things to do, Snapchat is better than the joke that is Twitter, but is no Facebook.
Seven Costanza said:FarmerJohn said:
Bill Simmons podcast had an interesting tech business discussion last week that included Snapchat. Of course, his podcasts clock in over an hour. Summary for those with things to do, Snapchat is better than the joke that is Twitter, but is no Facebook.
For me, the gist of it was "they're like twitter in that they don't really have a business model capable of making a lot of money right now, but their CEO is an inspirational genius, so you're really betting on him rather than their current product."
ATM9000 said:Seven Costanza said:FarmerJohn said:
Bill Simmons podcast had an interesting tech business discussion last week that included Snapchat. Of course, his podcasts clock in over an hour. Summary for those with things to do, Snapchat is better than the joke that is Twitter, but is no Facebook.
For me, the gist of it was "they're like twitter in that they don't really have a business model capable of making a lot of money right now, but their CEO is an inspirational genius, so you're really betting on him rather than their current product."
The guy talked abt it like Twitter and I don't think it was so much that the CEO is a genius as it was 'yeah It's like Twitter but Twitter fumbled the football horribly.' I think the point he was making was that Snapchat will be just fine so long as they don't screw the pooch like Twitter.
DRE06 said:amercer said:
How is buying non voting shares different than playing blackjack?
What? That makes zero sense.
wessimo said:
When do options start trading?
Not sure why he went for a supermodel pushing her mid 30s. She's gonna want kids soon, that's gonna put a hamper in his new found lifestyle.jpc08 said:
Crazy, that puts their market cap around $33B... about the same as Target.
26 year old CEO with a supermodel fiancee and a big valuation. Not a bad gig.
The Original AG 76 said:
I dont use snap so I have an honest question....
What is it ( all I know is that it is some kinda picture sharing app) and how does it make money ? I understand how FB with their ads popping up all over the damn place sells space but how does some picture app make money ?