ShootSpeeders
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- May 13, 2012
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Despite all the affirmative action special treatment we give blacks and women, essentially none become business giants.
Snapchat goes public at $29bn and makes co-founders tech billionaires
march 2 2017 Snap Inc, the company behind disappearing messaging app Snapchat, has gone public with stocks soaring 44% on their first day of trading and valuing the company at $28bn.
The market debut of the loss-making tech enterprise on Thursday catapulted its twentysomething co-founders Evan Spiegel and Bobby Murphy into the top tier of the tech billionaires.
The move gave a measure of comfort to investors who are expecting Snapchat’s sale to push a new generation of successful tech firms, including Uber and Airbnb, to list publicly.