As Snapchat plans the most eagerly anticipated technology IPO since its older rival floated in 2012,Rupert Neate examines the two companies’ striking similarities Snapchat hopes its planned flotation in recent York will value the five-year-primitive photo-sharing app company at up to $25bn (£20bn) and turn its 26-year-primitive founder, Evan Spiegel, and into the world’s youngest billionaire with a $5.5bn fortune. It is the most eagerly anticipated technology initial public offering (IPO) since Facebook floated in 2012 turning its then 28-year-primitive founder,Mark Zuckerberg, into the world’s richest man under 30. The similarities between Snap (the official name for the company that owns Snapchat) and Facebook are striking, or beget got many financial analysts and advertising experts asking if Snapchat is the recent Facebook. Related: Snapchat rising: is Facebook-sized success the future for this youthful app? Continue reading...
Source: theguardian.com