Snap Inc., the company known for creating your kid’s favorite app Snapchat, is flying pretty high right now.
The company recently went public following a highly publicized IPO. Their first tangible product, Spectacles, has received a lot of buzz, and finally hit the online market. The company’s revenue grew from 58.66 million in 2015 to 404.48 million in 2016.
There’s a lot to be excited about if you’re a member of Snap Inc.
And still, there’s a lot to be worried about.
Snap Inc’s shares recently fell below $20 since they hit $27 following their IPO. They posted a loss of 515 million in 2016. And Facebook recently started rolling out their own version of Snapchat, Facebook Stories.
Owen Williams, editor of Charged Tech, has tempered his expectations when it comes to Snapchat. He thinks that everyone, including himself, is leaving the photo-sharing app. With Snapchat’s active user base at 180 million, why might he think that?
Read the full article at: medium.com
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