https://www.theguardian.com/technology/2017/mar/02/snapchat-ipo-valuation-evan-spiegel-bobby-murphy-snap-inc
Snapchat are now worth $29 billion. The company’s share price rose 41% from its guide price of $17 a share to an opening price of $24. According to Snapchat, 158 million people use the service each day and create 2.5bn “snaps” between them. Revenues have grown, from $58.7m in 2015 to $404.5m in 2016, losses also mounted to $514m in 2016 from almost $373m a year earlier.
This highlights how social media is shaping people's lives and that it's used on a day to day basis in people's lives. They're able to access news, gossip, information within their finger tips.
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