Snapchat Stock Surges 44 Percent On The First Day Of Launch

Snap, the parent company of SnapChat, had a great run on its first day at the New York Stock Exchange. The issue was launched at the value of $17, but opened at $24 and closed at $24.48, which is a net rise of 44 percent straight. However, the IPO price was not accessible to everyone but limited to high net worth investors and institutional buyers. Many of the investors rooting for Snap didn’t have the chance to invest in the IPO because of low accessibility. It resulted in many of the investors not able to make enough returns from their investment after the launch.

 

The launch of Snap’s IPO looks pretty similar to that of the launch of Twitter’s IPO launch in 2013. The Twitter’s IPO launched with much fanfare and saw a massive surge on the first day, but faced volatility in the month’s to come. Alternatively, Facebook didn’t witness such a surge on its opening day but strengthened its position over a period in the stock market. The move of Snap going public is considered an exciting turning point for the company. It is because the company didn’t want to be hyped as overvalued, which is mostly the case with online companies.

 

It is true that SnapChat is entering the market a bit too late, but it would prove worthy for the enterprise. It is because its attractive feature of “Stories” being copied by other modern applications like Instagram and now, even Whatsapp. Even though the revenue of the company has been significantly increasing, the income doesn’t generate considerable net profit. Hemant Taneja, one of the first few investors in SnapChat says that he believed in SnapChat and its Founder, Evan Spiegel because Evan was hell bent on making the technology generate interest, create volume regarding member base and overall, make it work, and he did. He added that the founder wanted to keep the primary elements of the app same, rather than always changing the behaviors.

 

The images in SnapChat disappear by default, and while many were skeptical about it in the beginning, it proved to be a feature that is quite popular till date.

 

Snapchat Changes Its Name And Puts New Glasses On The Market

Snapchat is no longer called snapchat, although it’s new name, Snap Inc. is so similar that it will probably be continued to be referred to in its original name by the general public. According to Business Insider, the reason the company changed its name is because it branched out of simply a social media app to include a wider spectrum of online services. In addition, Snap Inc. is now selling something quite unique, a new pair of smart glasses to enhance the experience.

 

The glasses are only coming out in a limited distribution, so it may take a little time before they come to a store near you. But smart glasses are starting to become something more prevalent in today’s world, and perhaps with a little more promise than Apple’s smart watch. What users can do with these new Snap glasses is take photos, or shoot short 15-second videos when something catches their eye, and then send those videos to their phones to post on social media. Basically, Snap’s glasses are in an experimental phase to see whether or not they become a fashion-tech trend, or perhaps even a useful tool for everyday users. They will sell for about $129 and come in three colors.

 

What are the interesting dynamics that this new snap phenomena could bring? Well, the videos that users record with these glasses have a much broader view in a circular capture area, now accounting for more peripheral vision and a more 3D view, instead of simply a small area that traditional cameras have captured. But it’s interesting to think that a development that was once seen as purely science fiction, or perhaps linked to a James Bond gadget, may be on the verge of becoming mundane. It’s often said that now everyone has to be careful what they do because they don’t know who might be watching, well it just might be that the next average Joe you see walking by with a pair of sunglasses may not only be watching, but even recording through those lenses.

 

Snapchat Changes Its Name And Puts New Glasses On The Market

Snapchat is no longer called snapchat, although it’s new name, Snap Inc. is so similar that it will probably be continued to be referred to in its original name by the general public. According to Business Insider, the reason the company changed its name is because it branched out of simply a social media app to include a wider spectrum of online services. In addition, Snap Inc. is now selling something quite unique, a new pair of smart glasses to enhance the experience.

 

The glasses are only coming out in a limited distribution, so it may take a little time before they come to a store near you. But smart glasses are starting to become something more prevalent in today’s world, and perhaps with a little more promise than Apple’s smart watch. What users can do with these new Snap glasses is take photos, or shoot short 15-second videos when something catches their eye, and then send those videos to their phones to post on social media. Basically, Snap’s glasses are in an experimental phase to see whether or not they become a fashion-tech trend, or perhaps even a useful tool for everyday users. They will sell for about $129 and come in three colors.

 

What are the interesting dynamics that this new snap phenomena could bring? Well, the videos that users record with these glasses have a much broader view in a circular capture area, now accounting for more peripheral vision and a more 3D view, instead of simply a small area that traditional cameras have captured. But it’s interesting to think that a development that was once seen as purely science fiction, or perhaps linked to a James Bond gadget, may be on the verge of becoming mundane. It’s often said that now everyone has to be careful what they do because they don’t know who might be watching, well it just might be that the next average Joe you see walking by with a pair of sunglasses may not only be watching, but even recording through those lenses.

 

Snapchat Changes Its Name And Puts New Glasses On The Market

Snapchat is no longer called snapchat, although it’s new name, Snap Inc. is so similar that it will probably be continued to be referred to in its original name by the general public. According to Business Insider, the reason the company changed its name is because it branched out of simply a social media app to include a wider spectrum of online services. In addition, Snap Inc. is now selling something quite unique, a new pair of smart glasses to enhance the experience.

The glasses are only coming out in a limited distribution, so it may take a little time before they come to a store near you. But smart glasses are starting to become something more prevalent in today’s world, and perhaps with a little more promise than Apple’s smart watch. What users can do with these new Snap glasses is take photos, or shoot short 15-second videos when something catches their eye, and then send those videos to their phones to post on social media. Basically, Snap’s glasses are in an experimental phase to see whether or not they become a fashion-tech trend, or perhaps even a useful tool for everyday users. They will sell for about $129 and come in three colors.

What are the interesting dynamics that this new snap phenomena could bring? Well, the videos that users record with these glasses have a much broader view in a circular capture area, now accounting for more peripheral vision and a more 3D view, instead of simply a small area that traditional cameras have captured. But it’s interesting to think that a development that was once seen as purely science fiction, or perhaps linked to a James Bond gadget, may be on the verge of becoming mundane. It’s often said that now everyone has to be careful what they do because they don’t know who might be watching, well it just might be that the next average Joe you see walking by with a pair of sunglasses may not only be watching, but even recording through those lenses.