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SNAP back

Like an Elastic Band

Snapchat owners, SNAP Inc will launch its eagerly-awaited $US3bn initial public offering (IPO) today, the latest tech darling set to create $Billions for the founders despite the company having never made a profit during its 5-year life, only widening losses put at $0.5BN for 2016.dd paragraph text here.

Furthermore, SNAP has given no promises on profits to new investors, or on just how the company will be run and if that hasn’t quite been enough to excite your speculative juices, you get no voting rights either!....

Read more HERE

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