Every IPO has a story, especially in the consumer technology sector. This one is a tale about bad and good, black and pink, uber vs lyft. Unlike many other markets, the ride-sharing market due to original huge fragmentation and regulation was significantly underlooked. Since 2010 when Uber and then Lyft,…
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Snapchat IPO valuation: is it worth US$20bn?
Snapchat's IPO has been on the news block for some time. It is indeed one phenomenon of needs of Millenial's generation. Getting from 0 to 150m DAU in under 5 years is indeed very swiftly. Yet as even as public markets are at its all-time peak, let's look at fundamentals.…