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Snap Preps For The Biggest IPO Since 2014

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Snap, formerly known as Snapchat, is making waves with news of an upcoming IPO. But the real news here is the $25 billion valuation. Is this some random number or is the company worth it? How does an IPO help propel the company’s future?

Snap Preparing for the Biggest Ipo For 2017

Snapchat, the company known for letting users send disappearing video and photo messages from their smartphone, is preparing for an IPO in March of 2017. The IPO would give Snap a valuation of $25 billion, making it the biggest company to go public on a U.S. exchange since Chinese e-commerce company Alibaba’s $168 billion launches in 2014.

Is the valuation accurate? What’s Snap’s plans moving forward?

Snapchat Logo |Snap Preps For The Biggest IPO Since 2014

Snapchat currently has 235 million monthly users, most of whom are in the coveted 24 and under the audience. About 70 percent of 18-24-year-old Americans with smartphones have Snapchat. And those users are active, spending on average at least 10 minutes per day on the app. For context, users spend 6.4 minutes per day on Instagram. That’s a lot of users congregating in one place, making Snapchat an appealing option for advertisers.

Snap’s ad revenue comes from sponsored content and video ads, as well as ad “lenses” which let companies pay to have a custom feature representing the brand put into popular usage. Currently, at about $350 million in revenue, Snapchat is expected to grow exponentially and bring in $2 billion by 2018. With that kind of momentum, a $25 billion valuation doesn’t seem too far off.

If the company is doing so well, why do they need an IPO?

Having public shares is very helpful to a company. Snapchat can use these public shares as recruitment and retention tools to bring in top level talent for coding, programming, marketing, and other key roles. Snapchat also gets a huge surge of cash which they can use to develop new ideas, such as their “Spectacles” hardware; glasses that record user views in first person and instantly upload to Snapchat.
Wonder how Snapchat makes money? Watch this video from Bloomberg Technology!

While Snapchat can fade out just as quickly as it surged to the forefront of social media, an IPO presents a great opportunity for investors. Keep an eye out for Snap shares to go public in March, and when they do … Buy..

Google Ready To Go Head-To-Head With iPhone. Check this news here!

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Business

RetailMeNot’s Five to Buy in February

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RetailMeNot's Five to Buy in February
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The wintry temps may make you cold, but February deals are sure to warm your heart. It’s not only a great time to shower your valentine with roses and gifts, but it’s a great time to make other smart and timely purchases as well.

The shopping and trends expert for RetailMeNot, Sara Skirboll, agrees. “With the biggest football game of the year, Valentine’s Day and Presidents Day on the horizon, retailers will offer tremendous savings on a variety of categories — from TVs and TV dinners to all of your Valentine’s Day needs.

1. Play Cupid

With Valentine’s Day this month, shoppers might be struggling to find the right present that symbolizes their love. You can never go wrong with a customized gift made especially for them. This month, shoppers looking to go the extra mile for their loved one will save an average of 40% on items like personalized photo albums, picture frames, wall art and more. You name it, they make it — and just because it’s customized doesn’t mean it will break the bank. Turn to retailers like Shutterfly who is offering a RetailMeNot exclusive for 28% off your regular priced purchase.

2. Ding-Dong Deals

While some might make dinner reservations at the fanciest restaurant in town, many will opt to eat at home. Those who do can take advantage of special promotions and discounts. In fact, diners can save an average of 30% off all month long, so be sure to search the food delivery deals from RetailMeNot. Right now, DoorDash is offering 25% off your first purchase and Postmates is offering $15 delivery credit for existing users.

3. Flower Power

Everything’s coming up roses! According to a recent RetailMeNot survey, 46% of shoppers plan to buy flowers for Valentine’s Day this year, up from 34% in 2019. Many florists will be offering promotions and discounts to help shoppers prepare for the holiday. This year, retailers like 1800Flowers are having up to 40% off flowers & gifts and FTD is offering a RetailMeNot exclusive offer for 20% off sitewide.

4. Get Your Game On

Attention sports fans: Discounts on electronics are not strictly reserved for Black Friday! In fact, February is the second-cheapest time of year to buy a new TV. With the big game right around the corner and March Madness close behind, manufacturers will use those big-time events to highlight big savings on big-screen sets. Another reason for the markdowns is that new models will be released next month, so retailers will be looking to make room for new inventory. Shoppers in the market for a new TV should head to Samsung where they can get 10% cash back with RetailMeNot, and Best Buy where they can find up to 64% off clearance items.

5. Meet Your (Price) Match

Life can easily get in the way of finding “the one,” but online dating sites and convenient mobile apps are here to help. Those looking for love are in luck: Dating sites can offer up to 75% off enrollment fees to encourage singles to put themselves out there. Dating sites like eHarmony are offering 35% off all subscriptions and OkCupid is offering free membership.

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Lifestyle

STUDY: Being Wealthy Adds 9 More Healthy Years to Your Life

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STUDY Being Wealthy Adds 9 More Healthy Years to Your Life
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By Amelia Hill

Being wealthy adds nine years to healthy life expectancy: a life free from disability and pain, according to transatlantic research.

The 10-year study, conducted across the UK and US, looked at all the social and economic factors behind the reasons why people sink into ill-health as they age.

“We found that socio-economic inequalities in disability-free life expectancy were similar across all ages in England and the US but the biggest socio-economic advantage in both countries and across all age groups was wealth,” said Dr Paola Zaninotto, a professor in epidemiology and healthcare at University College London, which led the research.

Published on Tuesday in the Journal of Gerontology, the data from 10,754 UK adults aged 50 and older, and 14,803 US adults over 50, examined how long people can expect to live free from disabilities and to what extent socio-economic factors play a part.

The English Longitudinal Study of Ageing and the US Health and Retirement Study both found that while life expectancy is a useful indicator of health, the quality of life as we age is crucial to determining our health.

“By measuring healthy life expectancy we can get an estimate of the number of years of life spent in favourable states of health or without disability,” said Zaninotto.

“We know that improving both the quality and the quantity of years that individuals are expected to live has implications for public expenditure on health, income, long-term care of older people and work participation and our results suggest that policy makers in both England and the US must make greater efforts into reducing health inequalities,” she added.

In both countries people in the study were divided into groups based on total household wealth. Comparisons were made between the richest and least wealthy groups.

The paper shows that at 50 the wealthiest men in England and the US lived about an additional 31 healthy years, compared with about 22 to 23 years for those in the poorest wealth groups.

Women from the wealthiest groups from the US and England lived around an additional 33 “healthy” years, compared with 24.6 and 24 years from the poorest wealth groups in England the US respectively.

Recent ONS statistics also showed that those aged 65 are seeing their healthy life expectancy increase: since 2009, men in England and Wales aged 65 have gained 31.5 weeks of life and 33.5 weeks of healthy life. Women of the same age have gained 17.4 weeks of life and 23.3 weeks of healthy life over the same period.

But the data also revealed that children born today are likely to spend a larger proportion of their lives in poor health than their grandparents.

They will also benefit from substantially smaller increases in their life expectancy than those born a few years earlier, in the first decade of the 21st century.

In contrast, the proportion of life expected to be spent in good health in the UK has decreased between 2009-11 and 2016-18, from 79.9% to 79.5% for males and from 77.4% to 76.7% for females.

This article’s headline was amended on 20 January 2020 to more accurately reflect the content of the article.
Copyright © 2020 theguardian.com. All rights reserved.

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Economy

STUDY: Number of Billionaires Doubles in Last Decade

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Number of Billionaires Doubles in Last Decade
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The number of billionaires has doubled in the past decade and the world’s wealthiest 2,153 people controlled more money than the poorest 4.6 billion combined last year, the charity Oxfam said Monday.

Meanwhile, unpaid or underpaid work by women and girls adds three times more to the world’s economy each year at least $10.8 trillion than the technology industry, the Nairobi-based charity said in its “Time to Care” report.

Women around the world work 12.5 billion hours combined each day without any pay or recognition, while the world’s 22 richest men have more wealth than all the women in Africa.

“It is important for us to underscore that the hidden engine of the economy that we see is really the unpaid care work of women. And that needs to change,” Amitabh Behar, CEO of Oxfam India, told Reuters.

“Our broken economies are lining the pockets of billionaires and big business at the expense of ordinary men and women. No wonder people are starting to question whether billionaires should even exist,” Behar said ahead of the annual World Economic Forum in Davos, where he will represent Oxfam beginning Tuesday.

“Women and girls are among those who benefit least from today’s economic system,” he added.

There will be at least 119 billionaires worth about $500 billion attending Davos this year, according to Bloomberg, with the highest contingents coming from the US, India and Russia.

“The very top of the economic pyramid sees trillions of dollars of wealth in the hands of a very small group of people, predominantly men,” the Oxfam report said.

“Their wealth is already extreme, and our broken economy concentrates more and more wealth into these few hands,” it said.

To highlight the inequality, Behar cited the case of a woman called Buchu Devi in India who spends up to 17 hours a day walking almost two miles to fetch water, cooking, preparing her kids for school and working in a poorly paid job.

“And on the one hand you see the billionaires who are all assembling at Davos with their personal planes, personal jets, super rich lifestyles,” he said.

“This Buchu Devi is not one person. I in India encounter these women on a daily basis, and this is the story across the world. We need to change this, and certainly end this billionaire boom.”

Behar said that to remedy the problem, governments should make sure above all that the rich pay their taxes, which should be used to pay for amenities such as clean water, health care and better schools.

“If you just look around the world, more than 30 countries are seeing protests. People are on the street and what are they saying? That they are not to accept this inequality, they are not going to live with these kind of conditions,” he said.

Source: New York Post
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