Eric Spiegel, the founder of Snap Inc., is celebrating after a successful IPO that brought in $25 per share, a market value of $33 billion, and enough to bring his net worth to $6 billion, making him wealthier than Richard Branson, Donald Trump, and Oprah.
It's not the largest IPO, but the numbers are surprising, given that Snapchat is essentially an app, and 98% of its revenue comes from advertising. MarketWatch also reports losses:
Snap recorded $404.5 million in revenue in 2016, compared with $58.7 million in 2015. Net losses grew to $514.6 million in 2016, compared with a net loss of $372.9 million in 2015. Like many burgeoning tech startups, Snap warned that it "may never achieve or maintain profitability."
- What principles for chart design from Chapter 9 are demonstrated in these two examples?
- What would you change about these charts to make them more effective?
- What 2017 data can you find about Snapchat? Create a new comparison chart.