SnapChat notoriously denied Facebook’s 3 billion dollar offer when they were only three years old. At age four SnapChat could possibly be valued at $10 billion. This type of growth would be completely unexplainable to a businessman pre-digital age. “What do they sell?” She’d ask. Well they sell an incredibly small amount of ad space and also some data they mine about their users. Their yearly revenue is arguably nothing.
How Fast Tech Companies Grow: The Race To A Billion Dollars
Livermore Strategic Opportunities February 2021 Update
Livermore Strategic Opportunities, LP performance update for the month of February 2021. Q4 2020 hedge fund letters, conferences and more Many of you are witnessing first hand that our country, economy, (and now stock market) are all very fractured and becoming extremely challenged. Therefore, our hedge fund's theme remains focused on specific sectors and companies. Read More
Infographic source: The Guardian