Facebook And Snap's Share Price Performances Look Extremely Similar
4 minute read
We will also provide a visual outline of Facebook and Snapchat's share prices at the same moments in each company's history as being publicly traded on the stock market.
What the numbers say:
Interestingly enough, Facebook's stock prices during it's first 14 months as a publicly traded company looks very similar to Snap Inc's graph (see below).
What to understand:
Snap Inc. is still in the very early stages of being a public company. It's certainly too early to write the company off as a flop... yet.
How Snap compares:
It took Facebook 5 years to finally turn a profit after the company was started.
Even Twitter's first time to ever turn a profit was only a few months ago.. on February 2018. It took Twitter 12 years to turn a profit since it was started.
Snapchat was started in July of 2011.
Comparing Facebook and Snapchat's IPO and 1 year Share prices
Date Snap Inc. went public (Snapchat's IPO date):
Snap Inc. took it's company public on March 2, 2017.
Opening price of Snap's stock shares:
Snap Inc's stock first opened at $17 a share when the company went public.
Snap's stock price after the first year and 2 months as being a publicly traded company:
Snap Inc's stock price was $14.13 after the company's first year and 2 months going public.
Date Facebook went public (Facebook's IPO date):
Facebook held its initial public offering (IPO) on May 18, 2012.
Opening price of Facebook's stock shares:
Facebook opened at $38.22 per share when the company first went public.
Facebook's stock price after the first year and 2 months as being a publicly traded company:
Facebook's stock price was $26.18 after the company's first year and 2 months going public.
Facebook and Snap's Share prices after each company's first year Look Very Similar
If you come across someone who has been quick to write off Snap.. simply show them this graph.
The time for everyone to grab their pitchforks for Snap certainly could come one day.. but as of right now, it's still too early.
*Last updated: 5/3/18
Sources and additional articles:
Techcrunch's latest report on Snap's earnings in the first quarter
NYTimes report on Snap's Q1 earnings
Nasdaq Real-Time Stock Prices
CNN's coverage of Facebook's IPO
CNBC's coverage of Snap Inc's IPO
The Guardian's Facebook IPO report