Chinese Tech Company Alibaba Makes IPO in History
Shares of Chinese tech company Alibaba rocketed during the company’s high-profile IPO. Investors and tech industry analysts are already drawing comparisons with Facebook, Tom.com and other recent examples in which speculators flocked to buy a stock without really understanding how the company was going to generate a positive ROI. In Facebook’s case, it’s safe to say that […]
Snapchat’s Valuation: $10 Billion and Climbing
They say that imitation is the sincerest form of flattery. If that old axiom is true, then the number of Snapchat clones and lookalikes popping up on the Internet suggest that website developers hold the original disappearing photo-sharing service in very high regard. Under the direction of founder Evan Spiegel and Jonathan May, Snapchat took […]