Friday October 07, 2016

Snapchat Preps $25 Billion IPO

And this week's award for insanely idiotic valuation goes to Snapchat. The company is reportedly planning an IPO for March that could value the company at $25 billion. That's billion...with a B. frown

Snap, Inc. is reportedly preparing an IPO that will value the company formerly known as Snapchat at around $25 billion. The social darling is shooting for a March offering, The Wall Street Journal reports, citing sources. A company representative declined to comment on the report, on Thursday.