03-02-2017, 04:31 PM
SNAP IPO @ $17
Opened for trading at $24.
Two nuggets of information to digest...
Snapchat parent company Snap Inc. posted a net loss of $514.6 million in 2016, according to the initial public offering prospectus it filed on Thursday.
Snap also said that it "may never achieve or maintain profitability," as it plans to continue investing heavily in its business.
Wait.. WHAT?!!
Opened for trading at $24.
Two nuggets of information to digest...
Snapchat parent company Snap Inc. posted a net loss of $514.6 million in 2016, according to the initial public offering prospectus it filed on Thursday.
Snap also said that it "may never achieve or maintain profitability," as it plans to continue investing heavily in its business.
Wait.. WHAT?!!