As you might’ve seen, Snapchat’s parent company Snap Inc. went public last week on Thursday.
There are still a ton of us who don’t know anything about stocks or even know what an IPO (Initial Public Offering) means. Long story short, Snap Inc. now gives you an opportunity to buy company stocks (Snap Stocks). Most of you are reading this and are probably thinking, “who gives a fuck?”, but the thing is, you should give a fuck. There’s a real weird/cool shift going on in our culture right now that could potentially change many of our lives. The more technology continues to integrate with our daily lives, the more attention we should pay to companies like Snap and everything they have to offer.
Most people open up Snapchat, take a video/picture, add a filter, and call it day. If you were to look deeper into everything that goes into that dog filter everyone seems to love, you would notice that Snapchat is changing the game. It all started with the geotags, which were created to let people know where you are without having to tell them, then came the face recognition (where it scans your face to know where to put those dog filters), and finally the Spectacles. You’ve probably seen people walking around with weird glasses with two yellow circles on each end, and you can basically snap from those glasses.
As you can see, Snapchat has offered so much in such little time since it’s been around (2011). Not to mention, Snapchat went from merely an idea to now being an $800 million dollar business, with an evaluation worth of $3.5 billion. Now, if that doesn’t blow you away, I don’t know what will. Snap is one of the fastest growing companies, and if you’re any kind of entrepreneur you want to make sure you’re in the mix of the pot.
Snap Stock is hot right now!
Now, this isn’t an article telling you that you should go in and buy stocks right now. The stock is actually down 12% [initial starting share price was $24] after it soared 44% Thursday, went up another 11% on Friday [29$ a share], but it has now fallen below it’s initial price to $23. It’s possible that it will continue to fall because what goes up must always come down. The real idea is that we should pay attention to innovative companies like Snap because they are changing the technological culture.
Technology isn’t something that we should be frightened of. We should definitely embrace it because it’s become a huge part of our lives, and it will only continue to evolve. Just look at how far we’ve come in modern health—we’re able to advance scientific research to find cures for illnesses because of technology. Companies like Snap are leading the way.
As we move forward, more and more companies like Snap will arise, and each one will bring something new to the table. Most people aren’t investors or have to capacity to shell out money to buy stocks, and that’s okay. What you can do is learn, and become aware of companies like Snap to help your business venture or career. This is a huge shift for a culture. You can either learn to evolve or get left behind.