The photo sharing and messaging app Snapchat is a hit with kids, but on Thursday its parent company was fun for investors who made it the day’s most heavily traded stock on the New York Stock Exchange.
Snap Inc. made its debut with shares priced at $17, but high investor demand quickly raised it to $24, putting the tech company’s value at close to $33 billion, according to reports.
After Google released a limited number of Google Glass devices to eager beta testers a few years back, I found myself one day sitting next to a kid in a coffee shop wearing one.
I waited for the jerking gestures of his head to pause to ask him how he liked this much-hyped future of personal computing. He loved it but wondered if people would ever stop worrying about whether he was covertly filming them.
Developers have been eager to capitalize on the Apple Watch hype, with thousands of apps already available, but according to Snapchat’s CEO, it’s going to be a long time until you’re able to check your snaps on Jony Ive’s timepiece.
