There's the social network Snapchat which has been growing like insane over the past few years - in fact, Snapchat now serves up more video than Facebook, who has many, many more monthly active users (or MAUs) than Snapchat.
Right now, Snap looks more like Twitter than Facebook.
Spiegel also pocketed a $1 million bonus, the biggest CEO bonus of a pre-IPO company in the past six years, Equilar said. That has investors wondering whether the company will end up more like Twitter, with its troubles attracting users and declining stock price, or Facebook, with soaring user numbers and stock price. While Snap's revenue increased more than six-fold to $404.5 million in 2016 compared to $58.7 million in 2015, the company posted a net loss of $514.6 million in 2016, up from a loss of $372.9 million in 2015.
'Dancing With the Stars': There's a ringer in the new cast
BONNER BOLTON - Bonner Bolton was the world's No. 1 professional bull rider before being temporarily paralyzed after a fall. The new cast was announced Wednesday morning on " Good Morning America ", and as always, there were some big surprises.
Samsung Galaxy S8 first look: Upcoming flagship looks stunning
We also know about Bixby, the smart voice assistant that's going to be featured on the Galaxy S8 and S8 Plus. All models will get the same 4GB of RAM, 64GB of internal storage and microSDXC expansion support up to 2TB.
Microsoft to launch new feature in Windows 10 to prevent unwanted installations
This Win32 installation blocking system is slated to arrive with Windows 10 Creators Update, expected for April 2017. The news comes just a few days after the company released a significant update that includes picture-in-picture.
You could argue Snap went public too early: It's a secretive company ruled by CEO fiat.
Investors kept a close eye on Snap's IPO, as public offerings have been slowing down these years.
That comes across in its prospectus, which makes clear Snap is a founder's company.
Spiegel's 210 million shares are now worth $5.06 billion based on the opening price. Co-founders and majority holders Mr Spiegel and Mr Murphy will be responsible for the decisions that lead to Snap's success - or on the hook for its mistakes. Investors have to put all their faith in Spiegel and Murphy. He also planned to sell 16 million shares in the IPO. It lost half a billion last year, even more than the $373 million it lost in the prior year. It's also the first tech company to list in the U.S. this year. That's a page out of Amazon CEO Jeff Bezos' playbook, created to dominate through expansion. In fact, the smart tech CEO will look to Bezos as the model tech manager, bound by two main tenets: 1) trust me, and 2) don't expect profits anytime soon.