The funding was raised over a long period.

In May 2016, Snap raised a whopping $1.8 billion in Series F funding. shares closed more than 40% higher than their offering price of $17. Snap made history after raising $3.4 billion during its IPO in 2017. The rebound in revenue was linked to the coronavirus pandemic that saw many technology companies perform better. The downloads were registered on iOS starting from 2010 and Android downloads beginning in 2012.Īfter years of stalled revenue, Snap rebounded in the third quarter of 2020 after reporting revenue of 678 million from $454 million recorded in the previous quarter. In December 2019, Snapchat became the fifth most downloaded mobile app of the decade. Snap’s advertising products include Snap Ads and Sponsored Creative Tools. All communication can be complemented by stickers and Bitmojis. Through the app, users can create Snaps and watch stories, chat with groups, make voice and video calls. Snap’s primary product is a camera application for communication through short videos and images known as Snapchat. The company went public on March 2, 2017.

Snap stock trades on the New York Stock Exchange (NYSE) under the ticker SNAP. The Company was founded in Santa Monica, California by Evan Spiegel, Bobby Murphy, and Reggie Brown on September 16, 2011. is an American camera and social media company.

Snap inc stock price