This article has been imported from chorus.fm for discussion. All of the forum rules still apply. Snap Inc., the parent company for Snapchat, has filed for an IPO: Snap today filed its S-1 paperwork with the Securities and Exchange Commission (SEC), triggering the process to go public. The company aims to raise $3 billion in the initial public offering (IPO) and will subsequently trade on the New York Stock Exchange under the symbol SNAP. The filing also discloses that Snapchat paid $158 million to their ousted co-founder Reggie Brown: As part of the settlement, Snap said it agreed to pay Brown a total of $157.5 million in cash, $50 million of which was paid in 2014 and $107.5 million of which was paid in 2016. The settlement ended up being much less than the $500 million Brown originally asked for. Snapchat has been arguably the most interesting new startup in years, now the question is: will it be the next Facebook and dominate or the next Twitter and struggle to find its footing? Expand - View Original
Never got on the Snapchat hype train myself. Twitter and Instagram are enough for me. Am I missing out much?
Eh, personally I think Instagram stories are fine for me, but I do use Snapchat for things I know basically no one will see.
http://gizmodo.com/ex-employee-says-snapchat-fakes-numbers-and-wants-to-de-1790798228 I'm just curious about the outcome of this. I went to HS with the guy so I'm biased to believe him.