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| VIEW EVENT INFORMATION: Snapchat |
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Weekly Roundup: Snap’s Soaring Public Debut, Major AWS outage |
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About the organization Snapchat:
Type: Business
Sub-Types: Website, Social Networking Agent, Picture Hosting Agent, Text Hosting Agent, Video Hosting Agent, Application Software |
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Notable Organizations: Snapchat, Techcrunch
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| Snap debuts as a public company in soaring IPO, AWS suffers major outage and Nokia is reviving Snake. These are the top tech headlines of the week explained.
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1. Snap Inc., the parent company of Snapchat, had a stellar first day in its public debut on the New York Stock Exchange, popping 44 percent. The self-proclaimed camera company that began its roots as an ephemeral photo-sharing app first priced its IPO at $17 per share on Wednesday. The stock opened at $24 and closed the day at $24.51. The company’s market cap is being reported as $34 billion (fully diluted), and is already more valuable than Twitter, Ferrari and two major U.S. airlines. We also broke down everything there is to know about the IPO, live on Facebook. |
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