Yep a messaging app is now a publicly traded company...yes an app....a texting app where you can buy stickers and play games is worth $9,000,000,000..... $9,000,000,000....yes that's with a B if anyone has a problem figuring how many zeros there are in that number..... And this is the largest tech ipo of 2016.... How they consider this a tech ipo is beyond me... http://www.cnbc.com/2016/07/14/japa...ns-at-42-in-largest-tech-ipo-of-the-year.html
"Stickers are a main source of revenue, contributing to more than $270 million in sales. "Stick packs" cost between $2 to $3 for a set of one or two dozen." What a crazy business model. I'm still trying to wrap my head around on how goofy the whole thing is.