Just let that sink in for about 98 seconds.....an app, a Texting app where messages disappear thats probably used by 88% of the teens to send naked pictures to each other and other random dribble is worth $16 Billion???
How does anyone not see whats wrong with this picture...
Kohls is worth $13.32 Billion
Nordstroms is worth $13.98 Billion
Whole Foods is worth $15.03 Billion
Sandisk is worth $14.36 Billion
Hersheys is worth $14.76 Billion
Xilinx is worth $12.31 Billion
Bed Bath and Beyond is worth $12.43 Billion
Whirlpool is worth $14.71 Billion
J.M Smucker is worth $14.26 Billion
Western Union is worth $11.35 Billion
Quest Diagnostics is worth $10.86 Billion
Citrix Systems is worth $10.42 Billion
Snap on Incorporated is worth $9.03 Billion
Etrade Financials is worth $8.49 Billion
Some of these companies have been around for over 100 years and have real employees and real products to sell to consumers, they have facilities and thousands and thousands of employees, they have assets, really assets... they have real earnings and profits and are well known to millions of people because of how long it took to build up their brand identity....then you have snapchat not even 4 years old with just hype built behind it, even the founder is quoted saying that there is a bubble, he mentioned this week about a possible IPO...an IPO??? hah this is literally the end of this fantasy world, a texting app that caters to a demographic with the least amount of disposable income is now going to go public....but I know... I know... I know this times its different, right?
Snapchat in process of raising new money, values company at up to $16B: Sources
CNBC.com staff | @CNBC
29 Mins AgoBreaking News
77
SHARES
Andrew Harrer | Bloomberg | Getty Images
Snapchat app on a mobile phone
Snapchat is in the process of raising $650 million in equity, which would value the company at 16 billion, sources told CNBC.
The social media messaging service has $112 million in stock earmarked for a later sale.
Read MoreSnapchat CEO sees a bubble, blames interest rates
Snapchat's new investors include Alibaba, Fidelity, York Capital, and Glade Brook Capital.
How does anyone not see whats wrong with this picture...
Kohls is worth $13.32 Billion
Nordstroms is worth $13.98 Billion
Whole Foods is worth $15.03 Billion
Sandisk is worth $14.36 Billion
Hersheys is worth $14.76 Billion
Xilinx is worth $12.31 Billion
Bed Bath and Beyond is worth $12.43 Billion
Whirlpool is worth $14.71 Billion
J.M Smucker is worth $14.26 Billion
Western Union is worth $11.35 Billion
Quest Diagnostics is worth $10.86 Billion
Citrix Systems is worth $10.42 Billion
Snap on Incorporated is worth $9.03 Billion
Etrade Financials is worth $8.49 Billion
Some of these companies have been around for over 100 years and have real employees and real products to sell to consumers, they have facilities and thousands and thousands of employees, they have assets, really assets... they have real earnings and profits and are well known to millions of people because of how long it took to build up their brand identity....then you have snapchat not even 4 years old with just hype built behind it, even the founder is quoted saying that there is a bubble, he mentioned this week about a possible IPO...an IPO??? hah this is literally the end of this fantasy world, a texting app that caters to a demographic with the least amount of disposable income is now going to go public....but I know... I know... I know this times its different, right?
Snapchat in process of raising new money, values company at up to $16B: Sources
CNBC.com staff | @CNBC
29 Mins AgoBreaking News
77
SHARES
Andrew Harrer | Bloomberg | Getty Images
Snapchat app on a mobile phone
Snapchat is in the process of raising $650 million in equity, which would value the company at 16 billion, sources told CNBC.
The social media messaging service has $112 million in stock earmarked for a later sale.
Read MoreSnapchat CEO sees a bubble, blames interest rates
Snapchat's new investors include Alibaba, Fidelity, York Capital, and Glade Brook Capital.
