Recently tencent, the owner of wechat, qq and recently supercell, recently bought 10-12 % of snapchats stocks. That is almost 2 billion dollars ownership in snapchat. Wechats has appromixately ~1 billion daily active users while facebooks ~1.5 billion.
If snapchat can tap into China with the help of tencent I believe snap will be 36 dollars per stock by next year September and $80 per stocks in 3-5 years.
What are your thoughts? Does snap have a future in a world of Facebook or does it thrive and out perform everyone’s expectations?
Submitted November 19, 2017 at 07:29PM by Brightlightideas http://ift.tt/2ivjsEL
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