Monday, August 8, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Mobile Apps

Snapchat Is Going Public Listed; Files For IPO

by Farhan
February 3, 2017
40
SHARES
Share on FacebookShare on Twitter

Snapchat’s parent company, Snap Inc, has done the expected and filed for an initial public offering of shares. This will finally turn it into a public listed company, and follow in the footsteps of other social media networks like Facebook and Twitter.

The Wall Street Journal expects Snap Inc to be valued at between $20 billion (about RM88.5 billion) and $25 billion (about RM110 billion). If this is accurate, it would place the value of the company far ahead of the $3 billion that Facebook once offered for it.

Snapchat going public is not surprising as the company has seen substantial growth since its founding. The company currently claims that it has 158 million people using the service daily and recorded revenue of $404 million (about RM1.8 billion) in 2016.

ADVERTISEMENT

However, simply going public will not ensure the future of Snap. Facebook has been working on competing directly with the ephemeral imaging service by introducing features that mimic Snapchat. Although, it seems that the competition has not been enough to dent the forward momentum of Snap.

Fortunately, Snapchat seems to have found a way to properly monetise its platform. Unlike Twitter which is rapidly discovering that people don’t want to pay for things that were previously free of charge.

[Source: Wall Street Journal, via Engadget]

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: snap incSnapchat
Back to top
Share16Tweet10SendShare

ADVERTISEMENT

RELATED ARTICLES

Snapchat Web launches
Social Media

Snapchat Launches New Web-Based Version Of Its App

by Heirul Kamel
July 19, 2022
snapchat
Social Media

Snapchat Plus Is A Subscription Plan That Provides Exclusive, Experimental Features

by Ikmal Rozlan
June 17, 2022
(Image source: Pixy,)
Drone

Snap Reveals Pixy Selfie Drone

by John Law
April 29, 2022
snapchat stories
Social Media

Snapchat Tests Mid-Roll Ads For Stories, Revenue To Be Shared With Creators

by Ikmal Rozlan
February 15, 2022
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Tablets

    Samsung Galaxy Tab S6 Lite (2022) Now In Malaysia: Price Starts From RM1,499

  2. 2
    Mobile

    ASUS Zenfone 9 Will Not Be Launching In Malaysia

  3. 3
    Apps

    Snapchat Is Going Public Listed; Files For IPO

  4. 4
    Laptops

    Everything You Need To Know About The Modern & Powerful Laptop Offerings From Dell

  5. 5
    Fintech

    Apple Pay Signage Appears At Maxis Centre And Website (UPDATED)

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.