The Snapchat IPO Just Took a Hit from a Major Competitor
March 16, 2016 at 15:25 PM EDT
The Snapchat IPO has no set date, but anticipation is growing by the day. The company is already valued at $16 billion, and the demand for Snapchat stock will drive up the price when the company finally goes public. But instead of buying into the hype, we found a stock that is going to completely challenge Snapchat's business model. In fact, you could buy this stock right now... Tags: 2016 IPOs , snapchat IPO , Snapchat IPO 2016 , Snapchat IPO date , Snapchat IPO date 2016 , Snapchat stock To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Snapchat IPO Just Took a Hit from a Major Competitor appeared first on Money Morning - We Make Investing Profitable .