News Analysis

Snap soars on IPO, now what?

Snap began trading on the New York Stock Exchange today and shares soared. The company -- now valued at $28.33 billion -- has no profits to speak of, so where does it go from here?
snap ipo3
REUTERS/Lucas Jackson
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Matt Kapko has been writing about technology since before the dawn of the iPhone, and covering media well before it was social. Matt lives with his wife in a nearly century-old craftsman in Long Beach, Calif. He can be reached on Twitter: @mattkapko or by email: matt@kapko.co.