Earlier this week, Snap through Morgan Stanley, Goldman Sachs and J.P. Morgan managed to sell 145 million shares in Snap at $17 a share and raised a total of $2.45 billion in cash. Much to some surprise, Snap actually managed to close at $24.48 at Day 1 of IPO, up $7.48 per share or a good 44% jump from its…
Tag: Technology Stocks
Investment in Social Media stocks – Quick overview and comparisons | Trading Analysis | US Stocks
The staggering popularity and explosive growth of social media sites like Facebook and Twitter has been a nothing short of phenomenal. For social media space, investors need to ask themselves three key questions: • Is each company building a sustainable platform?• What kind of five-year growth are they capable of achieving?• And what will profits look like when they reach…