We were all waiting for the release of Snapchat on the stock market. There was a lot of skepticism regarding the reception that its shares would have on the stock market, due to the red numbers that the company presented in previous years.
Many analysts predicted a bad start on the stock market and Snapchat has broken all expectations. The shares came out with a price of $17 and after an hour of their launch, they were already worth $25. There were times when it hit $25.99. A madness that made it the dream premiere, by its creators, on Wall Street.At the end of the day it ended up closing the session with a value of $24.5, which represents a revaluation of 44%.
This gives the company a market capitalization of close to 34,000 million dollars, very close to that of eBay and three times that of Twitter. Quite a high valuation considering that his business generates more losses than income. Pivotal Research lowers its price target to $10.
We'll see what happens in the coming days.
SNAPCHAT ON THE STOCK AND PREPARING A DRONE TO LAUNCH IT ON THE MARKET:
That's the surprise we're talking about.
The social network is preparing its second device after the success of its Spectacles glasses.
In September 2016 they launched the glasses and now, without a specific date, they are preparing a DRON so that their users can capture overhead images and upload them to theirstory Snapchat.
How they will sell them and their starting price is totally unknown today. But if we base ourselves on the sale price of the Spectacles and their way of selling them, at first, it is predicted that the price of the drone is not very crazy and that the way of selling them can be as original as the one they had to sell the Spectacles glasses.
If you don't know, Snapchat glasses were sold only through a vending machine called Snapbots, which appeared in strategic places and announced by Twitter. It can be said that it was a nomadic machine.
This form of sale caused a sensation and generated a stir among Snapchat users who wanted one of those glasses at all costs. Today they are sold online only in the US
From APPerlas,we are happy about the great reception of your shares on the Wall Street stock market .
If you want to follow us on Snapchat, capture the following snapcode and “redeem” it in the social network app. You will learn many things ;).
Greetings and we hope you will follow us on what is, for us, the social network of the moment.
