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>biggest tech IPO since Facebook is coming soon I missed

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>biggest tech IPO since Facebook is coming soon

I missed out on Google, apple, Facebook and Twitter.

I am going to buy thousands of shares of Snapchat. This is fucking it
>>
>no business model
>ipo
>>
>>1745296
Are they even earning money? Or are they burning cash like a nigger
>>
I tried it for 1 week, this is lame and stupid app for 10 years olds
>>
>>1745377
>he doesn't know any grills
>>
Dot com bubble 2.0
>>
Pros
>huge DAU (~50mm)
>.5bb rev in 2016
>huge millenial outreach; most attractive for ad spend
>savvy team
Cons
>burn rate/profitability?
>IPO starved market ensures high buy in; at 25bb valuation you're coming in at share prices 50x REVENUE not even earnings
>gone through Series F funding recently fucking lol (eg are you bagholding for Seqouia's exit?)
>nonvoting shares

Eh, might buy a few K. I could see them pulling a Nutanix and going 2x day of yeeesshh
Thread posts: 7
Thread images: 1


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