Snap Inc.' initial public offering has brought in a lot more money than expected. Its Snapchat 'camera program' has been one of the hottest smartphone apps in recent years, but is is really that different from others?
Snapchat is currently getting a redesign to make it easier to use. But the new look will not make the latest earnings report from its parent company any prettier for investors who had hoped for much better results.
Messaging service company Snap has gone public on Wall Street. Investors helped the stock take off the ground, but the IPO entails a number of risks, as the firm's business model is weak, argues DW's Sophie Schimansky.
Investor appetite proved high as Snap, the owner of the popular messaging app Snapchat, celebrated its trading debut on the New York Stock Exchange. Its shares soared following an IPO pricing above target range.
Snap shares have lost almost a quarter of their value after the parent company of popular Snapchat app reported slowing user growth and revenue just weeks after going public in a much-hyped IPO in March.
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