Snap Inc. (NYSE:SNAP) went public Thursday morning, soaring 46.8% above its IPO price of $17 to hit $25.95 per share in intraday trading. The much-anticipated debut of the creator of the social media platform with a forward-thinking user interface that lures millions of primarily younger people but offers little in the way of profit has drawn comparison to Facebook (NASDAQ:FB), a long-term success, and Twitter (NYSE:TWTR), a lingering question mark. The three started from three different places at their IPOs.
Facebook began trading in 2012, after having 185 million daily active users in 2009, 327 million in 2010 and 438 million daily active users in 2011. Twitter listed only monthly active users when it began trading in 2013, which averaged over 30 days were roughly 1.8 million daily active users in 2010, 3.9 million in 2011 and 6.17 million in 2012. Snap grew from 74 million daily active users in 2014, to 110 million in 2015, to 161 million in 2016. Continue Reading »