"Snap Inc. is a camera company" - is how Snap describes itself on snap.com.The Venice, California parent company of Snapchat is about to become a very rich camera company.
The company has filed paper for an IPO which will make California history. A possible $25 billion IPO.
Put together by several frat brothers from Stanford University several years ago, Snapchat currently has 158 million active users and a $516 million loss on its income statement.
