It’s A Snap

By |2017-03-06T09:20:59-05:00March 6th, 2017|Alhambra Research, Economy, Markets|

Snapchat, a company that describes itself as a camera company yet makes no cameras, went public last week at a valuation of $24 billion. The company is growing fast, revenue up from $58 million to $405 million in just the last year. And as one publication put it, the company "earned" a loss of $514.6 million in the process. The [...]