Is Snapchat worth $29bn?


Snap Inc IPO NYSE. Anthony Quintano

If someone is willing to pay for it, then logic demands that's what it's worth. That was the value shortly after parent company Snap, Inc launched its initial public offering (IPO) on the New York Stock Exchange on 2 March 2017. But as anyone who had looked at share price movements knows, prices can go down as well as up. So there's no guarantee Snap, Inc will be worth that sum for long.

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