If you would’ve known about the promising future of Facebook (FB) when the company went public, you could’ve tripled your money by now.
It’s not every day that the next Facebook comes along at a laughably cheap price, but I hold your VIP ticket that’ll get your hands on this cash payout before everyone else realizes what’s going on.
I’ve been waiting a long time for the next tech stock payday, and it looks like it’s finally here…
If you have teenage kids, or grandkids, you’ve most likely witnessed the latest craze of taking “selfies”—which in simple terms means taking a picture of yourself.
One company was smart enough to capitalize on this craze by providing the opportunity for “selfie-takers” to snap a quick picture and send it to anyone on their friends list.
Snap Inc. (SNAP), the parent company of Snapchat, has turned this picture-taking fad into a $20 billion company.
Snapchat has become so popular that its number of users has doubled that of popular movie-streaming company, Netflix (NFLX)—Snapchat boasted 158 million users at the end of 2016, while Netflix published that it had 75 million.
It seems so obvious now that with cell phone users becoming younger and younger, and technology advancing as quickly as it is, that this idea was bound to be capitalized on sooner or later.
You may be kicking yourself for not thinking of this multi-billion-dollar idea, but it’s not too late for you to get in on the action.
In fact, you could be one of the very first people to capitalize on the company’s Initial Public Offering (IPO), which releases today (3/2/17) on the New York Stock Exchange (NYSE).
There’s been speculation about initial trading prices, but nothing will be concrete until the stock market officially opens.
We do, however, have some relevant information from similar companies that’ve been public for a while, that could lead you to your very own tech stock payday.
The two companies that SNAP can be compared to are Twitter (TWTR) and Facebook (FB).
TWTR had its IPO at $26 per share on 11/6/13. It rose 187% in under 2 months to $74.76, before it started its descent to the price it’s at today: $15.72.
If you would’ve bought 100 shares of twitter on day 1 at $26 per share, you would’ve taken a $7,476 payout in just under two months.
FB took a slightly different route.
It opened on its first day of trading at $38 per share, on 5/17/12, but lost momentum and dropped to $17.55 in 4 months.
If you’ve followed FB at all, you’ll know that it then went on to be one of the biggest tech stock success stories in history.
Currently sitting around the $137 mark, FB has gained an incredible 261% since its inception.
Investing in 100 shares of FB back then would yield you a return of $137,000 today.
The big question is: Will SNAP be a FB or a TWTR?
Well it could be either. Each company has been successful in their own right.
Those who took a chance with TWTR saw a quick and hefty payday before the stock started to turn south, and those who took a chance with FB and stuck with it saw an investment of a lifetime.
The truth is, SNAP could go either way, but I’m sure that there’ll be profit involved with this unique company, it all just depends on how long it’ll take to see that tech stock payday.
