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The founder, who was 23 years old at the time, raised more than a few eyebrows for rejecting the offer. SNAP , under the ticker symbol SNAP on the New York Stock Exchange. Interestingly, Snap stock comes with absolutely zero voting rights -- a first for any publicly traded company.

Snap continues to lose money -- lots of it.

Will Facebook’s IPO make E-Trade party like it’s ? - The Cody Word - MarketWatch

And the company expects more losses in the future, according to its S-1 filing. For some context, Twitter NYSE: But investments in the two social network stocks have fared very differently. The head-to-head competition between Snapchat and Instagram became particularly evident when Instagram launched Stories, a feature enabling users to create a story of their day throughout their days, in August The new Instagram feature, which was almost an exact replication of a feature of the same name on Snapchat, proved to be a raging success.

Facebook said in its third-quarter earnings report in that Stories has garnered million daily active users. And the stories format generated million daily active users by the end of the fourth quarter of For now, Instagram has a significant lead over Snapchat.

Instagram has over million daily active users -- well over the million daily active users Snapchat had at the end of Twitter investors, too, might want to keep an eye on Snap. The company first made this clear when it changed its name to Snap Inc. When we were just getting started it made sense to name our company Snapchat Inc.

By tapping into new funds from an IPO, Snap will almost certainly double down on these "other products" it is developing.

Ultimately, with Snapchat now backed by its publicly traded parent company Snap, Inc. Daniel Sparks owns shares of Facebook. The Motley Fool owns shares of and recommends Facebook and Twitter.

The Motley Fool has a disclosure policy. Daniel Sparks is a senior technology specialist at The Motley Fool. He served in the U. Army on active duty and graduated with an MBA from Colorado State University. Skip to main content The Motley Fool Fool. Premium Advice Help Fool Answers Contact Us Login. Latest Stock Picks Stocks Premium Services.

Snap Worth $24 Billion After IPO Prices At Above-Range 17 | Stock News & Stock Market Analysis - IBD

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