Warning: getimagesize(http://i.amz.mshcdn.com/PbFn6ds31wwaWYMU_M3qWWUCTsY=/720x480/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fstory%2Fthumbnail%2F38451%2F5d00fc2c-4f36-4901-953e-680e44795b67.jpg): failed to open stream: HTTP request failed! HTTP/1.0 503 Service Unavailable in /home/c565medi/public_html/wp-content/themes/fsf-media/inc/open-graph.php on line 75

565 Media

THE

DAILY DATA

Please Enter Your Email Address to Continue

The
Daily Data

Evan Spiegel has already made $1.5 billion off Snapchat's IPO

Evan Spiegel has already made $1.5 billion off Snapchat's IPO

Evan Spiegel has already made $1.5 billion off Snapchat's IPO



Evan Spiegel was already a very rich man. But by the end of the day today, he'll be an even richer man.

Snap, Inc. — the company behind Snapchat — started trading Thursday morning in its initial public offering at the New York Stock Exchange. Going public means that $SNAP can start publicly trading as a stock, meaning you can go buy some right now. Before, the company was privately held, meaning there was no public market to buy and sell Snap shares. 

Snap shares jumped almost immediately after they started trading, adding 41 percent (as of lunchtime in New York). That means Spiegel's stake in Snapchat increased in value by a cool $1.5 billion, according to Bloomberg.  Read more...

More about Evan Spiegel, Snap Inc, Snapchat, and Business
SEE ORIGINAL POST HERE

Also see:

LATEST NEWS

565 Media Logo'

(323) 902-7439

3347 Motor Ave. Suite 200

Los Angeles, CA 90034

STAY UPDATED WITH THE LATEST IN DIGITAL MARKETING

Internet Marketing Los Angeles

LATEST NEWS

565 Media Logo'

(323) 902-7439

3347 Motor Ave. Suite 200

Los Angeles, CA 90034

STAY UPDATED WITH THE LATEST IN DIGITAL MARKETING

Internet Marketing Los Angeles